Example of Okmulgee County Property Tax Calculation
Okmulgee County property taxes are calculated based on the assessed value of the property. For example, if a property in Okmulgee County has an assessed value of $100,000, the property tax rate of 1.5% would result in a tax bill of $1,500.
To calculate the property tax, the assessed value of the property is multiplied by the tax rate for the area. In Okmulgee County, the tax rate is set by the county government and can vary depending on the location of the property.
Homeowners may also be eligible for certain exemptions or deductions that can lower their property tax bill. These can include exemptions for veterans, senior citizens, or low-income homeowners.
It is important for homeowners to understand how property taxes are calculated so they can budget accordingly and plan for any potential increases in their tax bill.
If you want appeal your property tax assessment - contact your local tax assessor.
Okmulgee County Property Tax Rates
Here's a table displaying the Okmulgee County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.787 |
| School | $1.157 |
| City (Okmulgee) | $1.174 |
| City (Beggs) | $0.946 |
| City (Henryetta) | $1.175 |
Note: The rates are subject to change and may vary based on the specific property location and type. It's recommended to consult a tax professional for accurate information.
Who sets property tax rates in Okmulgee County ?
The property tax rates in Okmulgee County are set by the Okmulgee County Board of County Commissioners. They meet annually in August to set the rates for the upcoming fiscal year. The rates are based on the assessed value of the property and are designed to generate the necessary revenue for the county budget. Property owners in Okmulgee County should receive their tax bills by November 1st each year.
Homestead exemptions in Okmulgee County ?
Table of Homestead Exemptions and Deductions in Okmulgee County, Oklahoma
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Assessor's Optional Homestead Exemption | Primary residence of any person over 65 or with a disability | $1,000 off assessed value | Must annually apply and provide proof of eligibility |
| Homestead Exemption for Veterans with Disabilities | Primary residence of disabled veteran or spouse | Varies based on percentage of disability | Must annually apply and provide proof of eligibility |
| Senior Citizen's Exemption | Primary residence of any person over 65 | $1,000 off assessed value | Must annually apply and provide proof of eligibility |
| Disabled Person's Exemption | Primary residence of any person with a disability | $1,000 off assessed value | Must annually apply and provide proof of eligibility |
| Homestead Exemption for Widows or Widowers | Primary residence of surviving spouse of a person who received a homestead exemption | $1,000 off assessed value | Must annually apply and provide proof of eligibility |
| Agricultural Land Exemption | Agricultural land used for production | Varies based on acreage | Must annually apply and provide proof of eligibility |
Note: There may be additional exemptions or deductions available based on individual circumstances. It is recommended to consult with the Okmulgee County Assessor's office for more information.
When is Okmulgee County Property Tax due ?
Okmulgee County Property Tax is typically due on December 31st of each year. The payment methods available for property tax payments in Okmulgee County are listed below:
| Payment Method | Description |
|---|---|
| In-Person | Payments can be made in-person at the Okmulgee County Treasurer's Office during regular business hours. |
| Payments can be mailed to the Okmulgee County Treasurer's Office. The address is 314 W. 7th St., Room 102, Okmulgee, OK 74447. | |
| Online | Payments can be made online through the Okmulgee County Treasurer's website. |
| By Phone | Payments can also be made by phone through the Okmulgee County Treasurer's Office. |
Property owners are advised to make their payments before the due date to avoid any late fees or penalties. Additionally, property owners should ensure that they have the necessary funds available to cover their property tax payments to avoid any issues with their property ownership or any legal issues that may arise.
If you have more questions - contact your local tax collector.
How is Okmulgee County Property Tax penalty calculated ?
The penalty for Okmulgee County Property Tax is calculated based on a percentage of the unpaid taxes. The penalty is calculated at a rate of 1.5% per month or portion thereof until the taxes are paid in full.
For example, if a property owner owes $1,000 in property taxes and fails to pay by the due date, a penalty of 1.5% ($15) will be added for the first month. If the taxes remain unpaid by the end of the second month, another 1.5% penalty ($15 plus interest) will be added. This will continue until the taxes are paid in full.
To avoid penalties, it is important to pay property taxes on time. The due dates for property taxes vary depending on the county and state. In Okmulgee County, property taxes are usually due on December 31st of each year. If a property owner is unable to pay their property taxes on time, they may be able to arrange for a payment plan or apply for a hardship exemption.
Here is a table summarizing the Okmulgee County Property Tax penalty calculation:
| Unpaid Taxes | Penalty Calculation |
|---|---|
| $1,000 | Month 1: $15 |
| Month 2: $15 + interest | |
| Month 3: $15 + interest | |
| ... | |
| Total Penalty | Varies based on the number of months unpaid |
It is important to note that penalties and interest can add up quickly, making it difficult to catch up on payments. Property owners should prioritize paying their property taxes on time to avoid costly penalties and potential legal action.
We recommend contacting the Okmulgee County Tax Office or a local tax professional for the most up-to-date and accurate information.