Rentiesville, Oklahoma Property Taxes
The median property tax rate in Rentiesville, OK is 0.69%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Rentiesville at $59,337, the typical annual property tax bill amounts to $444, which is well below the national median of $2,690. Property taxes in Rentiesville 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 land. Understanding Rentiesville'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 Rentiesville or another part of McIntosh County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rentiesville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$409
Ownwell’s Rentiesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rentiesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rentiesville 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 Rentiesville, Oklahoma
Property taxes in Rentiesville, Oklahoma, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Rentiesville is 0.69%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Rentiesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rentiesville 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 Rentiesville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74459 has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Rentiesville 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 Rentiesville Tax Rate
0.69%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rentiesville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74459 | 0.53% | 0.60% | 0.69% | 0.78% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Rentiesville, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rentiesville, 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 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 Rentiesville, 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. The median home price in Rentiesville is $59,337, with tax bills ranging from $300 at the 25th percentile to $783 at the 90th percentile. The highest and lowest median tax bills, both at $444, are found in the 74459 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rentiesville Assessed Value
$59,337
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 Rentiesville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74459 | $24,374 | $50,833 | $59,337 | $104,984 | $125,991 |
Source: Ownwell
Property Tax Bills Across Rentiesville, Oklahoma
In Rentiesville, property tax bills are calculated based on the assessed value of a property, which is determined by the McIntosh County Assessor's Office. The assessed value is a percentage of the market value of the home, and this value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $59,337, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Tax bills in Rentiesville can range significantly. At the 25th percentile, homeowners might pay around $300, while those at the 75th percentile could see bills as high as $626. The 90th percentile tax bill reaches up to $783. These variations are due to differences in property values and applicable exemptions. The median tax bill in the area is $444, which is relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable for residents, though it can also mean fewer local resources funded by property taxes.
Average Rentiesville Tax Bill
$444
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Rentiesville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74459 | $214 | $300 | $444 | $626 | $783 |
Source: Ownwell