What You’ll Pay in Property Taxes in Moore
The typical property tax rate in Moore is around 0.9% of a home’s assessed value annually. Property taxes in Moore are generally in line with the state average, typically falling between 0.8%–1.2% per year.
For a home valued at $250,000, that equates to approximately $2,250 in annual property taxes, or $187.50 per month. Keep in mind that rates can vary slightly based on the specific neighborhood and any applicable exemptions.
Property taxes fund essential city services like schools, road maintenance, and public safety. While no one enjoys this extra cost, it’s important to factor it into your homeownership budget. Luckily, rates in Oklahoma tend to be lower than the national average.
How HOA Fees Work in Moore
In addition to property taxes, many neighborhoods in Moore have a Homeowners Association (HOA) that charges monthly fees. These fees cover shared costs and help maintain the community’s appearance and amenities.
Common services and amenities covered by HOA fees in Moore include:
- Trash collection and recycling
- Landscaping of common areas
- Community pool and fitness center access
- Neighborhood security patrols
- Clubhouse and park maintenance
- Enforcement of community guidelines
The exact inclusions vary by neighborhood, so it’s important to review the HOA agreement carefully before purchasing a home. Some communities may have more extensive amenities and correspondingly higher fees.
Typical Monthly HOA Costs
In Moore, HOA fees typically range from $70 to $200 per month. The table below shows common monthly costs for different types of neighborhoods:
| Neighborhood Type | Typical Monthly HOA Fee |
|---|---|
| Low-fee neighborhood | $70 – $120 |
| Average suburban HOA | $120 – $175 |
| Luxury/amenity-heavy development | $175 – $200+ |
| Example: $295k home with 0.8% property tax + $150 HOA | ≈ $345/month |
As the example shows, for a $295,000 home with a 0.8% property tax rate and $150 monthly HOA fee, the total monthly cost would be around $345. Neighborhoods with fewer amenities tend to have lower HOA fees, like $70–$120/month.
When budgeting, don’t forget to account for both property taxes and HOA fees, as they can add up to a significant portion of your housing costs. Be sure to review the HOA’s financial statements to understand if any large assessments or fee increases are expected in the coming years.
Hidden or Seasonal Fees to Expect
Beyond the standard monthly HOA fee, there are often other costs that can catch homeowners off guard, such as:
- Special assessments for major repairs or upgrades
- Parking permit fees for residents and guests
- Pet registration fees
- Clubhouse or pool rental fees for private events
- Late payment penalties
Some neighborhoods may also have seasonal fees, like irrigation surcharges during the summer months. In Moore, these can add $20-50 per month to your bill, depending on your lawn size and water usage.
Other [Hidden Fees to Watch Out for When Living in Moore](/moore-ok/local-hidden-fees/) include bulk trash collection fees for large items like furniture or appliances, or fines for violating community guidelines. Review your HOA’s rules carefully to avoid unexpected charges.
Are These Costs Worth It?
While no one likes paying extra fees, many residents find that HOAs provide valuable services and help protect property values. By enforcing standards for lawn maintenance, exterior home appearance, and parking, HOAs maintain a cohesive look and feel for the neighborhood.
Access to amenities like pools, gyms, and clubhouses can also enhance quality of life and make a community more desirable. In Moore, HOA homes often retain higher resale value, especially in communities with premium amenities and well-maintained common areas.
However, HOA living does come with tradeoffs. Homeowners have less individual control and must abide by community rules. Some may find the standards too restrictive or feel the fees are not worth the benefits. It’s a personal decision based on your budget, lifestyle, and priorities.
FAQs About Property Tax and HOA in Moore
How much is the average HOA fee in Moore?
HOA fees in Moore typically range from $70 to $200 per month, with most falling between $120-$175. Fees vary based on the neighborhood’s amenities and services.
Can your HOA fees increase?
Yes, HOA fees can increase over time to keep up with inflation, rising maintenance costs, or new amenity construction. Review the HOA’s bylaws and budget to see how often fees are adjusted.
Do you pay both property tax and HOA fees?
Yes, homeowners in Moore must pay both property taxes to the city and HOA fees to their neighborhood association. These are separate expenses that fund different services.
How do property tax rates compare to neighboring cities?
Moore’s property tax rates are similar to other suburbs in the Oklahoma City metro, typically ranging from 0.8% to 1.2%. Some cities like Norman and Edmond may have slightly higher rates.
Is an HOA fee worth it for new homeowners?
It depends on your preferences and budget. HOA fees can provide valuable amenities and services, but they also come with added costs and restrictions. Consider your lifestyle and priorities when deciding if an HOA home is right for you.
Final Cost Insights for Moore Homeowners
For homeowners in Moore, property taxes and HOA fees are important costs to factor into your budget. With property tax rates around 0.9% and average HOA fees of $120-$175 per month, these expenses can add up to several hundred dollars per month on top of your mortgage.
However, many residents find that the amenities, services, and community standards provided by HOAs are worth the cost. Neighborhoods with active HOAs often have higher curb appeal and steadier property values.
When buying a home in Moore, be sure to review the HOA agreement carefully to understand what fees cover and if any increases are planned. Factor in seasonal costs like irrigation surcharges and budget for the occasional special assessment.
Overall, with proper planning and budgeting, Moore offers an affordable cost of living and high quality of life for homeowners. To explore [Housing Costs in Moore by Type](/moore-ok/housing-breakdown/) and see how property taxes and HOA fees fit into your budget, check out our detailed guide.