Antlers, Oklahoma Property Taxes
The median property tax rate in Antlers, OK is 0.84%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $67,216 in Antlers, the typical annual property tax bill amounts to $541, significantly less than the national median of $2,690. Property taxes in Antlers 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 Antlers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Antlers or another part of Choctaw County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Antlers, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$565
Ownwell’s Antlers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Antlers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Antlers 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 Antlers, Oklahoma
Property taxes in Antlers, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Antlers is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Antlers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Antlers 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 Antlers' effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74523 has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Antlers provides valuable insights into the varying tax landscape across Choctaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Antlers Tax Rate
0.84%
Average Choctaw County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Antlers, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74523 | 0.49% | 0.68% | 0.84% | 1.01% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Antlers, Oklahoma
In Antlers, 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 Choctaw 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 Antlers, 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 Antlers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Antlers is 74523, with a median tax bill of $541.
Average Antlers Assessed Value
$67,216
Average Choctaw County Assessed Value
$60,068
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Antlers, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74523 | $26,798 | $44,673 | $67,216 | $100,761 | $154,503 |
Source: Ownwell
Property Tax Bills Across Antlers, Oklahoma
In Antlers, Choctaw County, OK, property tax bills are calculated based on the assessed value of a home, which is often lower than the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including property size, location, and improvements made to the home. For homeowners in Antlers, the median home price is $67,216, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $322, while the 75th percentile reaches $902, and the 90th percentile climbs to $1,763. Comparatively, the national median property tax rate is 0.99%, making Antlers' tax rates relatively modest. Understanding these factors helps homeowners anticipate their annual tax obligations, ensuring they can budget accordingly and avoid unexpected financial strain.
Average Antlers Tax Bill
$541
Average Choctaw County Tax Bill
$370
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Antlers, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74523 | $187 | $322 | $541 | $902 | $1,763 |
Source: Ownwell