Southard, Oklahoma Property Taxes
The median property tax rate in Southard, OK is 0.49%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $86,796, the typical annual property tax bill in Southard is approximately $413, well below the national median of $2,690. Property taxes in Southard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Southard'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 Southard or another part of Blaine County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Southard, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$425
Ownwell’s Southard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Southard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Southard 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 Southard, Oklahoma
Property taxes in Southard, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Southard is 0.49%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Southard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Southard 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 Southard's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73770 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these areas compare with Southard 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 Southard Tax Rate
0.49%
Average Blaine County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Southard, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73770 | 0.42% | 0.48% | 0.49% | 0.55% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Southard, Oklahoma
In Southard, 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 Appraisal District 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 Southard, 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 Southard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 73770 has the highest and lowest median tax bill at $413.
Average Southard Assessed Value
$86,796
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 Southard, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73770 | $76,828 | $84,644 | $86,796 | $156,350 | $160,381 |
Source: Ownwell
Property Tax Bills Across Southard, Oklahoma
In Southard, Oklahoma, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The median home price in Southard is $86,796. Property taxes are then calculated by applying the local tax rate to this assessed value. In Blaine County, where Southard is located, the median property tax bill is $413. This amount can vary significantly, with the 25th percentile tax bill at $351 and the 75th percentile reaching $901. For those in the 90th percentile, tax bills can be as high as $1,247. These taxes fund essential services such as schools, public safety, and infrastructure. Homeowners in Southard should be aware that their property tax bills can fluctuate based on changes in property values and tax rates. Compared to the national median property tax rate of 0.99%, Southard's rates are relatively modest, providing some relief to homeowners while still supporting community needs.
Average Southard Tax Bill
$413
Average Blaine County Tax Bill
$441
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Southard, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73770 | $337 | $351 | $413 | $901 | $1,247 |
Source: Ownwell