Westville, Oklahoma Property Taxes
The median property tax rate in Westville, OK is 0.61%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Westville at $86,873, the typical annual property tax bill is $498, significantly below the national median of $2,690. Property taxes in Westville are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Westville or another part of Adair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$530
Ownwell’s Westville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Westville, Oklahoma
Property taxes in Westville, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westville is 0.61%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Westville set these rates annually, and they can vary across different neighborhoods. Each year, Westville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Westville's effective property tax rate to other areas and the national median. For comparison, the zip code 74965 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these areas compare with Westville provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westville Tax Rate
0.61%
Average Adair County Tax Rate
0.69%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74965 | 0.33% | 0.48% | 0.61% | 0.76% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Westville, Oklahoma
In Westville, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adair County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Westville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Westville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Westville is $86,873, with the highest median tax bill being $498 in zip code 74965.
Average Westville Assessed Value
$86,873
Average Adair County Assessed Value
$66,022
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74965 | $27,902 | $48,454 | $86,873 | $147,182 | $232,631 |
Source: Ownwell
Property Tax Bills Across Westville, Oklahoma
In Westville, located in Adair County, OK, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The tax rate, applied to this assessed value, is influenced by local government budgets and voter-approved measures. Homeowners in Westville can see a wide range in their property tax bills. For instance, the 25th percentile tax bill is $275, while the 75th percentile reaches $905, and the 90th percentile can be as high as $1,534. With a median home price of $86,873, Westville's property tax rate is relatively modest compared to the national median property tax rate of 0.99%. This can be beneficial for homeowners, as it means a lower overall tax burden. However, the exact amount can vary significantly depending on the specific assessed value of the property and any applicable exemptions or deductions. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Westville Tax Bill
$498
Average Adair County Tax Bill
$421
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Westville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74965 | $142 | $275 | $498 | $905 | $1,534 |
Source: Ownwell