Nash, Oklahoma Property Taxes
The median property tax rate in Nash, Oklahoma is 1.12%, which is considerably higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $63,410 in Nash, the typical annual property tax bill is $502, significantly lower than the national median of $2,690. Property taxes in Nash are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Nash'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 Nash or another part of Garfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nash, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$710
Ownwell’s NASH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NASH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NASH 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 Nash, Oklahoma
Property taxes in Nash, Oklahoma, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Nash is 1.12%, which is higher than the U.S. national median of 0.99%. Local government entities within Nash set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nash 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 Nash's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73761 zip code has the highest median property tax rate of 1.12%, while the 73761 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Nash provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nash Tax Rate
1.12%
Average Garfield County Tax Rate
1.14%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nash, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | 0.61% | 0.85% | 1.12% | 1.14% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Nash, Oklahoma
In Nash, 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 Garfield 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 Nash, 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 Nash helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Nash is $502 in the 73761 zip code, while the lowest median tax bill is also $502 in the same zip code.
Average Nash Assessed Value
$63,410
Average Garfield County Assessed Value
$94,470
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nash, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | $44,215 | $51,098 | $63,410 | $114,340 | $151,960 |
Source: Ownwell
Property Tax Bills Across Nash, Oklahoma
In NASH, located in Garfield County, OK, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in NASH, the median home price is $63,410. The property tax rate in this region contributes to a median tax bill that can vary significantly. For instance, the tax bill at the 25th percentile is $454, while at the 75th percentile, it rises to $1,445, and at the 90th percentile, it can reach $1,850. These figures highlight the variability in property tax bills, which depend on factors such as property value, local tax rates, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, homeowners in NASH may find their tax bills to be relatively moderate or steep, depending on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan their finances accordingly.
Average Nash Tax Bill
$502
Average Garfield County Tax Bill
$950
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Nash, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | $380 | $454 | $502 | $1,445 | $1,850 |
Source: Ownwell