Ramona, Oklahoma Property Taxes
The median property tax rate in Ramona, Oklahoma is 1.06%, which is higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Ramona at $171,817, the typical annual property tax bill reaches $1,820, falling below the national median of $2,690. Property taxes in Ramona are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ramona'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 Ramona 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
Ramona, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,821
Ownwell’s Ramona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ramona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ramona 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 Ramona, Oklahoma
Property taxes in Ramona, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ramona is 1.06%, higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Ramona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ramona 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 Ramona's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74061 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Ramona 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 Ramona Tax Rate
1.06%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ramona, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74061 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Ramona, Oklahoma
In Ramona, 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 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 Ramona, 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 Ramona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 74061 in Ramona has the highest and lowest median tax bills, both valued at $1820, which is significantly higher than the national median property tax rate of 0.99%.
Average Ramona Assessed Value
$171,817
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 Ramona, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74061 | $171,817 | $171,817 | $171,817 | $171,817 | $171,817 |
Source: Ownwell
Property Tax Bills Across Ramona, Oklahoma
In Ramona, Osage County, Oklahoma, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, local tax rates, or millage rates, are applied to calculate the tax bill. For homeowners in Ramona, the median home price is $171,817, and the property tax rate is relatively modest compared to the national median property tax rate of 0.99%. Homeowners in Ramona can expect a consistent tax bill, as the 25th, 75th, and 90th percentiles all report a tax bill of $1,820. This uniformity indicates a stable property tax environment. The highest and lowest median tax bills in the area are also $1,820, reflecting a predictable financial obligation for property owners. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Ramona Tax Bill
$1,820
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ramona, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74061 | $1,820 | $1,820 | $1,820 | $1,820 | $1,820 |
Source: Ownwell