Eufaula, Oklahoma Property Taxes
The median property tax rate in Eufaula, OK is 0.81%, notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $84,106 in Eufaula, the typical annual property tax bill is approximately $611, significantly below the national median of $2,690. Property taxes in Eufaula are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Eufaula'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 Eufaula or another part of McIntosh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eufaula, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$681
Ownwell’s Eufaula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eufaula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eufaula 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 Eufaula, Oklahoma
Property taxes in Eufaula, Oklahoma, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eufaula is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Eufaula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eufaula 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 Eufaula's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74432 has both the highest and lowest median property tax rate of 0.81%. Understanding how these cities compare with Eufaula provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eufaula Tax Rate
0.81%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eufaula, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | 0.45% | 0.62% | 0.81% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Eufaula, Oklahoma
In Eufaula, 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 McIntosh 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 Eufaula, 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 Eufaula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eufaula is $84,106, with median tax bills ranging from $288 at the 25th percentile to $1,853 at the 90th percentile. The highest and lowest median tax bills are both $611, found in the 74432 zip code.
Average Eufaula Assessed Value
$84,106
Average Mcintosh County Assessed Value
$81,769
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eufaula, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | $18,020 | $39,807 | $84,106 | $149,617 | $226,781 |
Source: Ownwell
Property Tax Bills Across Eufaula, Oklahoma
Property tax bills in Eufaula, located in McIntosh County, Oklahoma, are determined by assessing the market value of a property and then applying the local tax rate. The median home price in Eufaula is $84,106, and the tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Eufaula can expect tax bills that vary significantly. At the 25th percentile, the tax bill is around $288, while at the 75th percentile, it rises to approximately $1,145. For those at the 90th percentile, the tax bill can reach up to $1,853. This variability means that homeowners need to be aware of how changes in property assessments and local tax rates can impact their annual tax obligations. Compared to the national median property tax rate of 0.99%, Eufaula's rates reflect the local economic conditions and property values, directly influencing homeowners' financial responsibilities.
Average Eufaula Tax Bill
$611
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Eufaula, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | $129 | $288 | $611 | $1,145 | $1,853 |
Source: Ownwell