Dustin, Oklahoma Property Taxes
The median property tax rate in Dustin, OK is 0.79%, 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 $36,635 in Dustin, the typical annual property tax bill is $263, significantly below the national median of $2,690. Property taxes in Dustin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dustin'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 Dustin or another part of Hughes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dustin, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$289
Ownwell’s Dustin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dustin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dustin 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 Dustin, Oklahoma
Property taxes in Dustin, Oklahoma, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Dustin is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Dustin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dustin 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 Dustin's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74839 has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these areas compare with Dustin provides valuable insights into the varying tax landscape across Hughes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dustin Tax Rate
0.79%
Average Hughes County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dustin, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74839 | 0.42% | 0.60% | 0.79% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Dustin, Oklahoma
In Dustin, 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 Hughes 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 Dustin, 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. The average tax bill in Dustin is relatively modest, with the highest median tax bill in the 74839 zip code being $263. 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 Dustin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dustin Assessed Value
$36,635
Average Hughes County Assessed Value
$41,920
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dustin, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74839 | $2,808 | $17,655 | $36,635 | $60,594 | $90,469 |
Source: Ownwell
Property Tax Bills Across Dustin, Oklahoma
In Dustin, located in Hughes County, OK, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. The median home price in Dustin is $36,635, and property tax bills vary significantly across the area. For example, the 25th percentile tax bill is $145, while the 75th percentile tax bill reaches $426. At the 90th percentile, homeowners might see tax bills as high as $758. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. While the property tax rate in Dustin is relatively low compared to the national median of 0.99%, it still represents a significant expense for homeowners, impacting their overall cost of living and financial planning.
Average Dustin Tax Bill
$263
Average Hughes County Tax Bill
$328
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Dustin, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74839 | $64 | $145 | $263 | $426 | $758 |
Source: Ownwell