Lequire, Oklahoma Property Taxes
The median property tax rate in Lequire, OK is 0.91%, slightly below both the national median of 0.99% and Oklahoma's state median of 0.97%. With a median home value of $53,485 in Lequire, the typical annual property tax bill is around $487, significantly lower than the national median of $2,690. Property taxes in Lequire are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lequire'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 Lequire or another part of Haskell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lequire, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$487
Ownwell's Lequire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lequire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lequire 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 Lequire, Oklahoma
Property taxes in Lequire, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lequire is 0.91%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Lequire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lequire 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 Lequire's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74943 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Lequire 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 Lequire Tax Rate
0.91%
Average Haskell County Tax Rate
0.72%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lequire, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74943 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Lequire, Oklahoma
In Lequire, 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. 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 Lequire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Lequire is $487, with the zip code 74943 having both the highest and lowest median tax bills at $487.
Average Lequire Assessed Value
$53,485
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 Lequire, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74943 | $53,485 | $53,485 | $53,485 | $53,485 | $53,485 |
Source: Ownwell
Property Tax Bills Across Lequire, Oklahoma
In Lequire, located in Haskell County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Lequire is $53,485, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market trends, and local government budgets influence the assessed value. For homeowners in Lequire, the tax bills are relatively consistent, with the 25th, 75th, and 90th percentiles all being $487. This uniformity suggests a stable tax environment, making it easier for homeowners to anticipate their annual expenses. Compared to the national median property tax rate of 0.99%, Lequire offers a more predictable and potentially lower property tax burden. This stability and predictability can significantly impact homeowners' financial planning and long-term investment in their properties.
Average Lequire Tax Bill
$487
Average Haskell County Tax Bill
$400
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Lequire, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74943 | $487 | $487 | $487 | $487 | $487 |
Source: Ownwell