Langston, Oklahoma Property Taxes
The median property tax rate in Langston, OK is 0.86%, 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 $59,398 in Langston, the typical annual property tax bill amounts to $438, significantly below the national median of $2,690. Property taxes in Langston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Langston'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 Langston or another part of Logan County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Langston, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$511
Ownwell’s Langston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langston 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 Langston, Oklahoma
Property taxes in Langston, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Langston is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Langston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langston 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 Langston's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73050 zip code has the highest median property tax rate of 0.86%, while it also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Langston provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Langston Tax Rate
0.86%
Average Logan County Tax Rate
0.98%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Langston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73050 | 0.60% | 0.68% | 0.86% | 0.90% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Langston, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Langston, Oklahoma. 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 Logan 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 Langston, 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. For example, the highest median tax bill in Langston is $438, found in the 73050 zip code, which also has the lowest median tax bill at the same value. 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 Langston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Langston Assessed Value
$59,398
Average Logan County Assessed Value
$165,842
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Langston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73050 | $10,658 | $21,274 | $59,398 | $77,466 | $90,679 |
Source: Ownwell
Property Tax Bills Across Langston, Oklahoma
In Langston, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate set by Logan County. For homeowners, several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For example, the median home price in Langston is $59,398. Property tax bills vary widely, with the 25th percentile at $150 and the 75th percentile at $550, indicating a significant range in tax obligations. At the 90th percentile, homeowners might see bills as high as $830. Compared to the national median property tax rate of 0.99%, Langston's property tax bills can be relatively moderate, offering some relief to homeowners. Understanding how these taxes are calculated helps homeowners better anticipate their annual financial commitments and manage their budgets effectively.
Average Langston Tax Bill
$438
Average Logan County Tax Bill
$1,451
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Langston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73050 | $67 | $150 | $438 | $550 | $830 |
Source: Ownwell