Connerville, Oklahoma Property Taxes
The median property tax rate in Connerville, OK is 0.53%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $137,746 in Connerville, the typical annual property tax bill amounts to $1,026, which is below the national median of $2,690. Property taxes in Connerville are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Connerville’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 Connerville or other parts of Johnston County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Connerville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$730
Ownwell's Connerville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Connerville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Connerville to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular insights, neighborhood-level trends are available by scrolling down. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Connerville, Oklahoma
Property taxes in Connerville, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Connerville is 0.53%, significantly lower than the U.S. national median of 0.99%. Local government entities within Connerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Connerville 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 Connerville's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74836 has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Connerville provides valuable insights into the varying tax landscape across Johnston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Connerville Tax Rate
0.53%
Average Johnston County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Connerville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74836 | 0.29% | 0.40% | 0.53% | 0.73% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Connerville, Oklahoma
In Connerville, 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 Johnston 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 Connerville, 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 Connerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Connerville is $1,026 in the 74836 zip code, which also has the lowest median tax bill, reflecting a consistent tax environment across the area.
Average Connerville Assessed Value
$137,746
Average Johnston County Assessed Value
$84,611
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Connerville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74836 | $111,177 | $120,204 | $137,746 | $170,372 | $206,553 |
Source: Ownwell
Property Tax Bills Across Connerville, Oklahoma
In Connerville, located in Johnston County, OK, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Connerville is $137,746. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors influence the assessed value, including the property's location, size, and condition. The tax rate in Connerville is applied uniformly, ensuring fairness in the tax calculation process. Homeowners in Connerville can expect their property tax bills to vary. For instance, the 25th percentile tax bill is $580, while the 75th percentile tax bill reaches $1,377. The 90th percentile tax bill is slightly higher at $1,418. These figures reflect the range of property tax obligations residents might face, with the highest median tax bill in the region being $1,026 in the 74836 ZIP code. Understanding how property tax bills are calculated helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Connerville Tax Bill
$1,026
Average Johnston County Tax Bill
$521
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Connerville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74836 | $369 | $580 | $1,026 | $1,377 | $1,418 |
Source: Ownwell