Kinta, Oklahoma Property Taxes
The median property tax rate in Kinta, OK is 0.68%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $61,644 in Kinta, the typical annual property tax bill amounts to $396, significantly less than the national median of $2,690. Property taxes in Kinta are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kinta'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 Kinta or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kinta, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$419
Ownwell’s Kinta Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kinta with just two data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Kinta to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Kinta, Oklahoma
Property taxes in Kinta, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinta is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Kinta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kinta 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 Kinta's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74552 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Kinta provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinta Tax Rate
0.68%
Average Haskell County Tax Rate
0.72%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinta, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74552 | 0.36% | 0.51% | 0.68% | 0.87% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Kinta, Oklahoma
In Kinta, 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 Haskell 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 Kinta, 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 Kinta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74552 has the highest median tax bill at $396, which is the same as the lowest median tax bill in the area.
Average Kinta Assessed Value
$61,644
Average Haskell County Assessed Value
$61,017
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kinta, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74552 | $16,062 | $31,622 | $61,644 | $103,457 | $164,110 |
Source: Ownwell
Property Tax Bills Across Kinta, Oklahoma
In Kinta, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Kinta, the median home price is $61,644. Property tax bills vary significantly, with the 25th percentile at $180 and the 75th percentile reaching $687. At the 90th percentile, homeowners might pay up to $1,227 annually. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Homeowners in Kinta should note that their property taxes can impact their overall housing costs, potentially affecting affordability. Compared to the national median property tax rate of 0.99%, Kinta's rates can be seen as relatively moderate, providing some financial relief to residents. However, understanding and planning for these costs is essential for effective homeownership and financial management.
Average Kinta Tax Bill
$396
Average Haskell County Tax Bill
$400
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinta, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74552 | $77 | $180 | $396 | $687 | $1,227 |
Source: Ownwell