Shawnee, Oklahoma Property Taxes
The median property tax rate in Shawnee, OK is 1.08%, 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 Shawnee at $94,328, the typical annual property tax bill is $880, which is below the national median of $2,690. Property taxes in Shawnee are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Shawnee'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 Shawnee 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
Shawnee, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,019
Ownwell’s Shawnee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shawnee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shawnee 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 Shawnee, Oklahoma
Property taxes in Shawnee, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shawnee is 1.08%, higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Shawnee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shawnee 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 Shawnee's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74804 zip code has the highest median property tax rate of 1.11%, while the 74802 zip code has the lowest median tax rate of 0.75%. Understanding how these cities compare with Shawnee 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 Shawnee Tax Rate
1.08%
Average Pottawatomie County Tax Rate
1.04%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shawnee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74801 | 0.50% | 0.75% | 1.03% | 1.23% | 1.23% |
| 74802 | 0.56% | 0.63% | 0.75% | 0.90% | 0.99% |
| 74804 | 0.67% | 0.94% | 1.11% | 1.23% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Shawnee, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shawnee, 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 Pottawatomie 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. In Shawnee, 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. For instance, the highest median tax bill in Shawnee is $1,265 in zip code 74804, while the lowest median tax bill is $614 in zip code 74801. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shawnee Assessed Value
$94,328
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 Shawnee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74801 | $27,511 | $40,790 | $69,020 | $122,912 | $207,175 |
| 74802 | $25,080 | $41,780 | $69,757 | $113,344 | $125,736 |
| 74804 | $46,846 | $76,932 | $127,674 | $190,000 | $260,000 |
Source: Ownwell
Property Tax Bills Across Shawnee, Oklahoma
In Shawnee, located in Pottawatomie County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price here is $94,328. Property taxes in Shawnee can vary significantly. For example, the 25th percentile tax bill is around $461, while the 75th percentile reaches $1,662. At the higher end, the 90th percentile tax bill can be as much as $2,515. Several factors influence these tax bills, including property location, the specific tax rate applied, and any applicable exemptions. For instance, the highest median tax bill in the region is $1,265 in the 74804 zip code, while the lowest is $614 in the 74801 zip code. These variations can impact homeowners differently, potentially affecting their overall housing costs and financial planning. Understanding these factors can help homeowners anticipate their annual property tax obligations more accurately.
Average Shawnee Tax Bill
$880
Average Pottawatomie County Tax Bill
$764
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Shawnee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74801 | $208 | $353 | $614 | $1,136 | $2,097 |
| 74802 | $470 | $643 | $932 | $1,138 | $1,262 |
| 74804 | $431 | $756 | $1,265 | $2,026 | $2,760 |
Source: Ownwell