We’re here to answer your queries about real estate, assessments, and taxes in our vibrant community. If you’re a homeowner, business owner, or investor, we provide clarity and guidance, making complex real estate topics more accessible and transparent.
Explore this portion to get answers to frequently asked questions and gain knowledge about your real estate assets, taxes, etc.
Common Questions
How are tax rates determined for my property?
Tax rates, or mileage, are set by procedures outlined in the Oklahoma Constitution or voted on directly by taxpayers. The county appraiser does not set fees. Cleveland County Assessor has over 30 different rates, which vary depending on the school district, city limits, and professional school district where the property is located. The tax or mileage charged on a property dramatically affects the taxes paid—prices in Cleveland County range from $70 to $120 per thousand.
When should I pay my taxes?
The county treasurer sends a tax notice in November each year. Fees can be paid in two installments. If exactly half is paid before December 31st, the second half is due March 31st. If nothing is paid by December 31st, the full amount is due by January 1st, with all applicable penalties owed.
How can you increase the value of my property if it is showing its age?
To determine your property’s actual fair market value, we need to analyze the market in your neighborhood. While homes similar to yours in terms of features, condition, and age will sell for more, you should assume that your property would be priced similarly.
Does my property increase in value each year?
Your property’s value can be determined by looking at the market in your area. If values in your area increase based on sales, we must improve the neighborhood to maintain current fair cash values as required by law. However, if values fall due to completed sales, we may need to readjust and maintain current fair value if neighborhood values fall.