Dibble, Oklahoma Property Taxes
The median property tax rate in Dibble, OK is 0.93%, slightly below both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Dibble at $226,252, the typical annual property tax bill reaches $2,104, which is lower than the national median of $2,690. Property taxes in Dibble 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 Dibble'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 Dibble 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
Dibble, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$2,104
Ownwell’s Dibble Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dibble with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dibble 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 Dibble, Oklahoma
Property taxes in Dibble, Oklahoma, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dibble is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within Dibble set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dibble 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 Dibble's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73031 has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Dibble provides valuable insights into the varying tax landscape across McClain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dibble Tax Rate
0.93%
Average Mcclain County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dibble, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73031 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Dibble, Oklahoma
In Dibble, 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 McClain 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 Dibble, 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. Dibble's median home price is $226,252, with the highest and lowest median tax bills both at $2,104 in zip code 73031. 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 Dibble helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dibble Assessed Value
$226,252
Average Mcclain County Assessed Value
$212,546
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dibble, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73031 | $226,252 | $226,252 | $226,252 | $226,252 | $226,252 |
Source: Ownwell
Property Tax Bills Across Dibble, Oklahoma
In Dibble, located in McClain County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The tax rate, applied to this assessed value, determines the final tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. For homeowners, the median property tax bill in Dibble is $2,104, which is significantly higher than the national median property tax rate of 0.99%. This can have a notable impact on household budgets, making it essential for homeowners to understand their tax liabilities. The assessed value can fluctuate based on market conditions and improvements made to the property, potentially increasing the tax burden. Consequently, staying informed about local tax rates and assessed values is crucial for effective financial planning.
Average Dibble Tax Bill
$2,104
Average Mcclain County Tax Bill
$1,871
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Dibble, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73031 | $2,104 | $2,104 | $2,104 | $2,104 | $2,104 |
Source: Ownwell