Rose, Oklahoma Property Taxes
The median property tax rate in Rose, OK is 0.66%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Rose, the typical annual property tax bill amounts to $975, significantly below the national median of $2,690. Property taxes in Rose are calculated based on the assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rose'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 Rose or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rose, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,021
Ownwell’s ROSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROSE 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 Rose, Oklahoma
Property taxes in ROSE, Oklahoma, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in ROSE is 0.66%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within ROSE set these rates annually, and they can vary significantly across different neighborhoods. Each year, ROSE 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 ROSE's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74364 zip code has the highest median property tax rate of 0.66%, while the 74364 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with ROSE provides valuable insights into the varying tax landscape across Mayes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rose Tax Rate
0.66%
Average Mayes County Tax Rate
0.66%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74364 | 0.36% | 0.50% | 0.66% | 0.77% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Rose, Oklahoma
In ROSE, 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 Mayes 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. In ROSE, 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 ROSE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $975 in the zip code 74364.
Average Rose Assessed Value
$154,695
Average Mayes County Assessed Value
$160,424
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rose, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74364 | $76,745 | $112,243 | $154,695 | $242,998 | $376,135 |
Source: Ownwell
Property Tax Bills Across Rose, Oklahoma
In Rose, located in Mayes County, OK, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the tax bill. The median home price in Rose is $154,695, and the property tax rate in this area is comparatively lower than the national median of 0.99%. Homeowners in Rose can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $565, while they can rise to $1,720 at the 75th percentile. For those at the 90th percentile, tax bills can reach up to $2,825. These variations depend on factors such as the property's location within the city, its market value, and any applicable exemptions or deductions. Understanding these factors is crucial for homeowners as property taxes directly impact their annual financial obligations and can influence decisions related to property investment and homeownership.
Average Rose Tax Bill
$975
Average Mayes County Tax Bill
$998
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74364 | $401 | $565 | $975 | $1,720 | $2,825 |
Source: Ownwell