Longdale, Oklahoma Property Taxes
The median property tax rate in Longdale, OK is 0.62%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $52,262 in Longdale, the typical annual property tax bill is $286, far below the national median of $2,690. Property taxes in Longdale are based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Longdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Longdale or investing in real estate there, familiarizing yourself with the local property tax system will be advantageous for both homeowners and investors.
Last Updated June 14, 2024
Longdale, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$324
Ownwell’s Longdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longdale 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 Longdale, Oklahoma
Property taxes in Longdale, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longdale is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Longdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longdale 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 Longdale's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73755 has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Longdale provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longdale Tax Rate
0.62%
Average Blaine County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longdale, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | 0.35% | 0.49% | 0.62% | 0.78% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Longdale, Oklahoma
In Longdale, 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 Blaine 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 Longdale, 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 Longdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 73755 has both the highest and lowest median tax bill at $286, making it crucial for homeowners to stay informed and proactive.
Average Longdale Assessed Value
$52,262
Average Blaine County Assessed Value
$69,107
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longdale, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | $16,765 | $30,218 | $52,262 | $91,978 | $140,409 |
Source: Ownwell
Property Tax Bills Across Longdale, Oklahoma
In Longdale, Blaine County, OK, property tax bills are determined by assessing the property's market value and applying the local tax rate. The process begins with the county assessor evaluating the market value of a property, which is then used to calculate the assessed value. Homeowners in Longdale can expect their tax bills to vary significantly based on their property's assessed value and the local tax rate. For instance, the median home price in Longdale is $52,262. Homeowners can expect their tax bills to fall within a range, with the 25th percentile at $162 and the 75th percentile at $628. The 90th percentile tax bill can reach up to $939. These figures indicate that while some homeowners may face relatively modest tax bills, others could see higher amounts depending on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how Longdale's property tax rates stack up against the rest of the country. This system ensures that property taxes are proportionate to property values, impacting homeowners differently based on the value of their real estate.
Average Longdale Tax Bill
$286
Average Blaine County Tax Bill
$441
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Longdale, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | $81 | $162 | $286 | $628 | $939 |
Source: Ownwell