Alderson, Oklahoma Property Taxes
The median property tax rate in Alderson, OK is 0.65%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Alderson, the typical annual property tax bill is $318, significantly below the national median of $2,690. Property taxes in Alderson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Alderson'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 Alderson or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alderson, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$320
Ownwell’s Alderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alderson 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 Alderson, Oklahoma
Property taxes in Alderson, Oklahoma, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Alderson is 0.65%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Alderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alderson 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. For comparison, the zip code 74522 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Alderson provides valuable insights into the varying tax landscape across Pittsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alderson Tax Rate
0.65%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alderson, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74522 | 0.28% | 0.49% | 0.65% | 0.84% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Alderson, Oklahoma
In Alderson, 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 Pittsburg County Assessor's Office 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 Alderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Alderson is 74522, with a tax bill of $318.
Average Alderson Assessed Value
$49,192
Average Pittsburg County Assessed Value
$87,046
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alderson, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74522 | $22,299 | $31,222 | $49,192 | $77,438 | $106,320 |
Source: Ownwell
Property Tax Bills Across Alderson, Oklahoma
In Alderson, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's location, size, and condition can influence its market value and, consequently, its assessed value. In Pittsburg County, where Alderson is located, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $155, while the 75th percentile reaches $546, and the 90th percentile can be as high as $742. These figures indicate a range of tax burdens that homeowners might face, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Alderson's property tax rates provide a relatively affordable option for homeowners. Understanding these dynamics helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Alderson Tax Bill
$318
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Alderson, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74522 | $76 | $155 | $318 | $546 | $742 |
Source: Ownwell