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Updated 2025 Tax Year

Latimer County
Property Tax Guide

Everything you need to know about property taxes in Latimer County, OK. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
1.25% average (varies by taxing district - school, fire, municipal boundaries affect final rate)
Exemptions
4+ Available
Section 1

How Property Tax Works

Latimer County, Oklahoma operates on a property tax system that funds essential local services including schools, county operations, emergency services, and infrastructure maintenance. Property taxes are assessed annually based on fair cash value, with the county assessor determining assessed values and various taxing entities setting their respective mill levies. The effective tax rate for Latimer County is approximately 1.25% (0.0125) of assessed value for the 2025 tax year, though this represents a countywide average.

It's important to note that actual tax rates vary significantly by location within Latimer County due to special taxing districts such as school districts, fire districts, and municipal boundaries. Property owners may be subject to different combinations of these district taxes depending on their exact location. The county uses an ad valorem tax system where taxes are calculated as a percentage of the property's assessed fair market value, and these funds are distributed among various local government entities and special districts that provide services to residents.

Section 2

What Makes Up Your Tax Bill

ComponentRate (Mills)Rate (%)Description
County General~3.50.35%Basic county services and operations
School Districts~8.00.80%Public education funding (varies by district)
Career Tech~1.00.10%Vocational and technical education
Total Base Rate12.51.25%Combined rate for most areas

Rates shown are for FY 2025-2026 levy year and represent typical millage rates. Actual rates vary by specific location within Latimer County due to different school districts, municipal boundaries, and special assessment districts. School district rates can vary significantly - some areas may have additional bond issues or special levies that increase the total rate. Property owners should verify their specific rate with the County Assessor's office based on their exact location and applicable taxing districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Latimer County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Latimer County are triggered by changes in property ownership, new construction, or improvements that occur during the tax year after the initial assessment. When property changes hands or new construction is completed, the county assessor determines the difference between the new assessed value and the previous assessed value, then calculates a prorated tax bill for the remainder of the tax year.

For example, if a property is sold in July with an assessed value increase from $150,000 to $200,000, the new owner would receive a supplemental tax bill for the $50,000 increase in assessed value, prorated for the remaining six months of the tax year. Using the county's 1.25% rate, this would result in a supplemental tax of approximately $312.50 (($50,000 × 0.0125) ÷ 2). Supplemental tax bills are typically issued within 60-90 days of the triggering event and have separate due dates from the regular annual tax bill.

Example Calculation

Property Value: $300,000

  • Assessed Value: $300,000
  • Less Homestead Credit*: -$1,000 (if applicable)
  • Net Taxable Value: $299,000
  • Annual Tax: $299,000 × 0.0125 = $3,738
  • Monthly (if escrowed): $312

Property Value: $600,000

  • Assessed Value: $600,000
  • Less Homestead Credit*: -$1,000 (if applicable)
  • Net Taxable Value: $599,000
  • Annual Tax: $599,000 × 0.0125 = $7,488
  • Monthly (if escrowed): $624

Property Value: $1,000,000

  • Assessed Value: $1,000,000
  • Less Homestead Credit*: -$1,000 (if applicable)
  • Net Taxable Value: $999,000
  • Annual Tax: $999,000 × 0.0125 = $12,488
  • Monthly (if escrowed): $1,041

*Homestead credit amounts are estimates and REQUIRE APPLICATION with the County Assessor. Credits are not automatic and must be filed by the March 15 deadline to be effective for the current tax year.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Latimer County require borrowers to maintain an escrow account for property taxes when the loan-to-value ratio exceeds 80%. The lender collects 1/12th of the estimated annual property tax bill with each monthly mortgage payment and holds these funds in an escrow account. Since Latimer County property taxes are due January 1st for the previous tax year, lenders typically pay the tax bill on behalf of the borrower in December or early January.

Property owners should verify that their lender has current tax information, especially after improvements or reassessments that could change the tax amount. The lender is required to provide an annual escrow analysis showing the account activity and any required adjustments to monthly payments. If the escrow account has insufficient funds due to tax increases, the lender may require a lump sum payment or spread the shortage over 12 months. Property owners who pay off their mortgage or refinance should ensure they receive proper notification about taking over direct tax payment responsibilities.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Latimer County for the 2025 tax year? A: Property taxes for the 2025 tax year are due January 1, 2026. Payment must be postmarked by this date to avoid delinquent penalties and interest charges.

Q: What homestead tax credits are available and how do I apply? A: Oklahoma offers a homestead exemption that must be applied for with the Latimer County Assessor's office. This credit limits annual assessment increases rather than providing a flat reduction. Applications must be filed by March 15th to be effective for the current tax year and are NOT automatic - you must apply even if you received the credit in previous years.

Q: Are there additional tax credits for seniors or disabled veterans? A: Yes, additional credits may be available for taxpayers age 65 and older, disabled veterans, and other qualifying circumstances. These REQUIRE separate applications with specific documentation and have varying deadlines. Contact the County Assessor's office at the courthouse for current application forms and requirements.

Q: How often are properties reassessed in Latimer County? A: Oklahoma law requires annual assessment updates, though not all properties receive physical inspections each year. The County Assessor reviews market data and may adjust values based on sales activity, improvements, or market changes. Property owners receive assessment notices in the spring.

Q: What is the penalty for late property tax payments? A: Delinquent property taxes accrue interest and penalties immediately after January 1st. The specific rate and penalty structure should be confirmed with the County Treasurer's office, as rates can change annually.

Q: Can I pay my property taxes online? A: Contact the Latimer County Treasurer's office to verify current online payment options. Many Oklahoma counties offer online payment systems, though processing fees may apply for credit card transactions.

Q: How do special district taxes affect my bill? A: Special districts for schools, fire protection, libraries, or other services can add to your base tax rate. Your location within Latimer County determines which special districts apply to your property. The total rate can vary significantly between different areas of the county.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the County Board of Equalization, typically within a specific timeframe after receiving your assessment notice (usually by April). You'll need documentation supporting your claim that the assessed value exceeds fair market value.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Tax Doc
Sales Tax News Release January 2026 - Oklahoma.govoklahoma.gov
02
State
HOME_IncomeLmts_State_OK_...huduser.gov
03
State
2025 Statewide Maximum Qualification Income Amounts for ...oklahoma.gov
04
County
Latimer County - Oklahoma State Auditor & Inspectorsai.ok.gov
05
Tax Doc
Pay Your Property Taxeslarimer.gov
06
Tax Doc
Property Tax & Assessmentlarimer.gov
07
2026-2027 Form 921 Application for Homestead Exemptionoklahoma.gov
08
State
Overview of State Issuesoksenate.gov
09
AGENDA - Oklahoma Department of Agricultureag.ok.gov
10
PDF - Oklahoma.govoklahoma.gov
All sources verified as of 2025 Tax Year

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