Eucha, Oklahoma Property Taxes
The median property tax rate in Eucha, OK is 0.83%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value in Eucha of $102,742, the typical annual property tax bill is $737, significantly below the national median of $2,690. Property taxes in Eucha are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Eucha'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 Eucha 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
Eucha, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$853
Ownwell’s Eucha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eucha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eucha 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 Eucha, Oklahoma
Property taxes in Eucha, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eucha is 0.83%, which aligns with the Delaware County median and is lower than the U.S. national median of 0.99%. Local government entities within Eucha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eucha 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 Eucha's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74342 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Eucha provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eucha Tax Rate
0.83%
Average Delaware County Tax Rate
0.78%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eucha, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74342 | 0.44% | 0.62% | 0.83% | 1.00% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Eucha, Oklahoma
In Eucha, 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 Delaware 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 Eucha, 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. The median home price in Eucha is $102,742, with tax bills ranging significantly. For example, the 25th percentile tax bill is $270, while the 90th percentile tax bill is $3,367. The zip code 74342 has both the highest and lowest median tax bill at $737. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eucha Assessed Value
$102,742
Average Delaware County Assessed Value
$141,764
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eucha, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74342 | $10,598 | $42,479 | $102,742 | $223,404 | $370,341 |
Source: Ownwell
Property Tax Bills Across Eucha, Oklahoma
In Eucha, located in Delaware County, OK, property tax bills are determined based on the assessed value of a home and the applicable tax rate. The assessed value is a percentage of the property's market value, which is calculated by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $102,742, homeowners can expect varying tax bills. In the 25th percentile, tax bills are around $270, while those in the 75th percentile see bills closer to $1,728. At the 90th percentile, the tax bill can reach up to $3,367. The highest median tax bill recorded in the area is $737, indicating some variability depending on specific property assessments and local tax levies. These property taxes play a crucial role in funding local services, including schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in financial planning and ensuring that they are prepared for their annual tax obligations.
Average Eucha Tax Bill
$737
Average Delaware County Tax Bill
$1,031
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Eucha, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74342 | $80 | $270 | $737 | $1,728 | $3,367 |
Source: Ownwell