Seminole, Seminole County, Oklahoma Property Taxes
Median Seminole, Oklahoma effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Seminole, Oklahoma home value: $65,694
Median annual Seminole, Oklahoma tax bill: $524, $1,876 lower than the national median property tax bill of $2,400.
How are property taxes in Seminole calculated?
Property taxes in Seminole, Oklahoma are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Seminole’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Seminole, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Seminole, Seminole County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$591
$549
Property Tax Rates Across Seminole, Seminole County, Oklahoma
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates the budget necessary to provide services and divides this by the total value of all taxable property in its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Seminole, located in Seminole County, Oklahoma, the effective property tax rate is 0.90%. This rate is slightly below the national median property tax rate of 1.02%, indicating that property owners in Seminole may pay less in property taxes compared to the national average. When comparing Seminole to other cities in Oklahoma, the tax rate remains consistent at 0.90% across the board, reflecting a uniform approach in this region. This rate is also below the national median property tax bill of $2,400, suggesting potential savings for property owners in Seminole. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Seminole Tax Rate
0.90%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Seminole County Tax Rate
0.75%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Seminole, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74868 | 0.43% | 0.64% | 0.90% | 1.17% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Seminole, Seminole County, Oklahoma
When examining property taxes in Seminole, OK, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Seminole County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Seminole County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Seminole. For example, the median home price in Seminole is $65,694, with tax bills ranging significantly across the county. Zip code 74868 has the highest median home price at $65,694.
Property Tax Assessment Values Across Seminole, Seminole County, Oklahoma
Source: Ownwell
$48,388
$82,567
$116,746
Median Seminole Market Value
$65,694
Median Seminole County Market Value
$62,317
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Seminole, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74868 | $19,760 | $34,861 | $65,694 | $120,590 | $193,152 |
Source: Ownwell
Property Tax Bills Across Seminole, Seminole County, Oklahoma
Median Seminole Tax Bill
$524
Median Seminole County Tax Bill
$442
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Seminole, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74868 | $147 | $271 | $524 | $1,022 | $1,744 |
Source: Ownwell