Meeker, Oklahoma Property Taxes
The median property tax rate in Meeker, OK is 0.91%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Meeker, the typical annual property tax bill reaches $401, significantly below the national median of $2,690. Property taxes in Meeker 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 Meeker'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 Meeker 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
Meeker, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$405
Ownwell’s Meeker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meeker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meeker 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 Meeker, Oklahoma
Property taxes in Meeker, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meeker is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Meeker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meeker 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 Meeker's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74855 has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Meeker provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meeker Tax Rate
0.91%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meeker, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74855 | 0.90% | 0.90% | 0.91% | 0.92% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Meeker, Oklahoma
In Meeker, 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 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 Meeker, 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 Meeker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Meeker is $401 in the 74855 zip code, while the lowest median tax bill is also $401 in the same zip code.
Average Meeker Assessed Value
$44,492
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 Meeker, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74855 | $23,133 | $31,143 | $44,492 | $57,842 | $65,852 |
Source: Ownwell
Property Tax Bills Across Meeker, Oklahoma
In Meeker, property tax bills are calculated based on the assessed value of your property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine your annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For example, the median home price in Meeker is $44,492, and tax bills can vary significantly within the area. At the 25th percentile, homeowners might see a tax bill around $284, while those in the 75th percentile might pay about $518. The 90th percentile tax bill can reach up to $589. The highest median tax bill in the area is $401, which is consistent across the zip code 74855. Compared to the national median property tax rate of 0.99%, Meeker's property tax rates offer a relatively affordable option for homeowners. Understanding these factors can help homeowners better anticipate their property tax obligations and plan accordingly.
Average Meeker Tax Bill
$401
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Meeker, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74855 | $213 | $284 | $401 | $518 | $589 |
Source: Ownwell