Eakly, Oklahoma Property Taxes
The median property tax rate in Eakly, OK is 0.65%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value in Eakly of $93,500, the typical annual property tax bill is $453, well below the national median of $2,690. Property taxes in Eakly 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 Eakly'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 Eakly or another part of Caddo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eakly, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$608
Ownwell’s Eakly Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eakly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eakly to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular trends, localized information is available for deeper insights. Your property’s assessed value, determined by Caddo County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Eakly, Oklahoma
Property taxes in Eakly, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Eakly is 0.65%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Eakly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eakly 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 Eakly's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73033 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Eakly 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 Eakly Tax Rate
0.65%
Average Caddo County Tax Rate
0.63%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eakly, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73033 | 0.28% | 0.29% | 0.65% | 0.86% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Eakly, Oklahoma
In Eakly, 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 Eakly, 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 Eakly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $453.00, both found in zip code 73033.
Average Eakly Assessed Value
$93,500
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 Eakly, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73033 | $35,805 | $49,005 | $93,500 | $108,385 | $138,905 |
Source: Ownwell
Property Tax Bills Across Eakly, Oklahoma
In Eakly, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. For homeowners in Eakly, located in Caddo County, the median home price stands at $93,500. The property tax rate in this region influences the final tax bill significantly. Homeowners can expect a wide range in their tax bills, with the 25th percentile paying around $188 and the 75th percentile paying up to $774. Those in the 90th percentile might see a tax bill as high as $911. These variations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Eakly’s property tax bills reflect the local economic conditions and county policies. This variance in tax bills can impact homeowners' financial planning and overall affordability of owning property in the area.
Average Eakly Tax Bill
$453
Average Caddo County Tax Bill
$341
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Eakly, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73033 | $96 | $188 | $453 | $774 | $911 |
Source: Ownwell