Ralston, Oklahoma Property Taxes
The median property tax rate in Ralston, OK is 0.94%, slightly below both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $102,402 in Ralston, the typical annual property tax bill amounts to $846, which is significantly lower than the national median of $2,690. Property taxes in Ralston are calculated based on the assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ralston'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 Ralston or another part of Osage County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ralston, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$963
Ownwell’s Ralston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ralston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ralston 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 Ralston, Oklahoma
Property taxes in Ralston, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ralston is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Ralston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ralston 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 Ralston's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74650 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Ralston provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ralston Tax Rate
0.94%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ralston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74650 | 0.54% | 0.68% | 0.94% | 1.03% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Ralston, Oklahoma
In Ralston, 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 Osage 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. 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 Ralston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $846.00, found in zip code 74650.
Average Ralston Assessed Value
$102,402
Average Osage County Assessed Value
$85,955
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ralston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74650 | $23,542 | $55,094 | $102,402 | $183,452 | $264,586 |
Source: Ownwell
Property Tax Bills Across Ralston, Oklahoma
In Ralston, located in Osage County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The county assessor evaluates properties to determine their assessed value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Ralston, the median home price is $102,402. Tax bills vary significantly, with the 25th percentile at $499 and the 75th percentile at $1,605. At the 90th percentile, homeowners might pay as much as $2,533 annually. The median tax bill in the area is $846, which is below the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Understanding how property tax bills are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Ralston Tax Bill
$846
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ralston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74650 | $356 | $499 | $846 | $1,605 | $2,533 |
Source: Ownwell