Heavener, Oklahoma Property Taxes
The median property tax rate in Heavener, OK is 0.62%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Heavener at $64,742, the typical annual property tax bill is $366, well below the national median of $2,690. Property taxes in Heavener are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Heavener'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 Heavener or another part of Le Flore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Heavener, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$401
Ownwell’s Heavener Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heavener with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heavener 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 Heavener, Oklahoma
Property taxes in Heavener, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heavener is 0.62%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Heavener set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heavener 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 Heavener's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74937 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Heavener provides valuable insights into the varying tax landscape across Le Flore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Heavener Tax Rate
0.62%
Average Le Flore County Tax Rate
0.80%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heavener, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74937 | 0.37% | 0.49% | 0.62% | 0.76% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Heavener, Oklahoma
In Heavener, 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 Le Flore 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 Heavener, 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 Heavener helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Heavener is $64,742. The zip code with the highest median tax bill is 74937, with a tax bill of $366.00, while the same zip code also has the lowest median tax bill, also at $366.00.
Average Heavener Assessed Value
$64,742
Average Le Flore County Assessed Value
$72,264
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Heavener, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74937 | $24,341 | $35,702 | $64,742 | $112,688 | $179,334 |
Source: Ownwell
Property Tax Bills Across Heavener, Oklahoma
In Heavener, property tax bills are calculated based on the assessed value of your home, which is determined by the Le Flore County Assessor. The assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your annual property tax bill. For homeowners in Heavener, the median home price is $64,742. Property tax bills can vary significantly, with the 25th percentile at $211 and the 75th percentile at $679, indicating a range of tax burdens depending on the property's assessed value and specific tax rate. The 90th percentile tax bill can reach up to $1,165. Comparing these figures to the national median property tax rate of 0.99%, Heavener's property taxes are relatively moderate. However, the actual impact on homeowners can vary widely, affecting household budgets and long-term financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Heavener Tax Bill
$366
Average Le Flore County Tax Bill
$517
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Heavener, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74937 | $122 | $211 | $366 | $679 | $1,165 |
Source: Ownwell