Maud, Oklahoma Property Taxes
The median property tax rate in Maud, OK is 0.85%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $43,593 in Maud, the typical annual property tax bill is around $290, significantly less than the national median of $2,690. Property taxes in Maud are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Maud'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 Maud 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
Maud, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$371
Ownwell’s Maud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maud 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 Maud, Oklahoma
Property taxes in Maud, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maud is 0.85%, lower than the U.S. national median of 0.99%. Local government entities within Maud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maud 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 Maud's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74854 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Maud provides valuable insights into the varying tax landscape across Pottawatomie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maud Tax Rate
0.85%
Average Pottawatomie County Tax Rate
1.04%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maud, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74854 | 0.34% | 0.50% | 0.85% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Maud, Oklahoma
In Maud, 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 Pottawatomie 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 Maud, 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 Maud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74854 has the highest median tax bill of $290, while the lowest median tax bill also stands at $290.
Average Maud Assessed Value
$43,593
Average Pottawatomie County Assessed Value
$87,932
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maud, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74854 | $9,820 | $20,045 | $43,593 | $90,366 | $138,901 |
Source: Ownwell
Property Tax Bills Across Maud, Oklahoma
In Maud, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Maud is $43,593, and property tax rates are applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location within Pottawatomie County and any applicable exemptions or deductions. Homeowners in Maud can expect property tax bills ranging significantly, with the 25th percentile at $125 and the 75th percentile at $632. For those in the 90th percentile, tax bills can go up to $1,120. The median tax bill in the area is $290, which is considerably lower than the national median property tax rate of 0.99%. This relatively low tax burden can be a financial relief for homeowners, making Maud an attractive place for property investment. The assessed value and applicable tax rate directly impact the affordability and financial planning for homeowners in this city.
Average Maud Tax Bill
$290
Average Pottawatomie County Tax Bill
$764
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Maud, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74854 | $57 | $125 | $290 | $632 | $1,120 |
Source: Ownwell