Apache, Oklahoma Property Taxes
The median property tax rate in Apache, OK is 0.70%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Apache at $59,415, the typical annual property tax bill is $368, well below the national median of $2,690. Property taxes in Apache are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Apache's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Apache or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Apache, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$416
Ownwell’s APACHE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in APACHE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in APACHE 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 Apache, Oklahoma
Property taxes in Apache, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Apache is 0.70%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Apache set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apache 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 Apache's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73006 has both the highest and lowest median property tax rate in the area, standing at 0.70%. Understanding how these cities compare with Apache provides valuable insights into the varying tax landscape across Caddo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Apache Tax Rate
0.70%
Average Caddo County Tax Rate
0.63%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apache, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73006 | 0.31% | 0.52% | 0.70% | 0.89% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Apache, Oklahoma
In Apache, 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 Caddo 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 Apache, 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 Apache helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Apache is $368 in the 73006 zip code, while the lowest median tax bill is also $368 in the same zip code.
Average Apache Assessed Value
$59,415
Average Caddo County Assessed Value
$58,902
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Apache, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73006 | $23,305 | $32,930 | $59,415 | $104,560 | $179,610 |
Source: Ownwell
Property Tax Bills Across Apache, Oklahoma
In Apache, Caddo County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $59,415, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property location, improvements, and local government budgets also influence the final tax bill. In Apache, the 25th percentile tax bill is around $182, while the 75th percentile reaches $791, and the 90th percentile can go up to $1,415. The highest median tax bill recorded is $368, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential services like schools, public safety, and infrastructure, impacting homeowners by contributing to the overall community quality and property value stability.
Average Apache Tax Bill
$368
Average Caddo County Tax Bill
$341
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Apache, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73006 | $94 | $182 | $368 | $791 | $1,415 |
Source: Ownwell