Strong City, Oklahoma Property Taxes
The median property tax rate in Strong City, OK is 0.57%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Strong City at $99,768, the typical annual property tax bill amounts to $612, well below the national median of $2,690. Property taxes in Strong City are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Strong City'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 Strong City or another part of Roger Mills County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Strong City, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$569
Ownwell’s STRONG CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STRONG CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STRONG CITY 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 Strong City, Oklahoma
Property taxes in STRONG CITY, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in STRONG CITY is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within STRONG CITY set these rates annually, and they can vary significantly across different neighborhoods. Each year, STRONG CITY 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 STRONG CITY's effective property tax rate to other regions in Oklahoma and the national median. For comparison, the 73628 zip code has both the highest and lowest median property tax rate of 0.57%. Understanding how these areas compare with STRONG CITY provides valuable insights into the varying tax landscape across Roger Mills County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strong City Tax Rate
0.57%
Average Roger Mills County Tax Rate
0.65%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strong City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73628 | 0.29% | 0.46% | 0.57% | 0.66% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Strong City, Oklahoma
In STRONG CITY, 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 Roger Mills 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 STRONG CITY, 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 STRONG CITY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in STRONG CITY is $99,768, with tax bills ranging from $342 at the 25th percentile to $1,082 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 73628, with a median tax bill of $612.
Average Strong City Assessed Value
$99,768
Average Roger Mills County Assessed Value
$80,498
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strong City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73628 | $20,621 | $42,018 | $99,768 | $135,282 | $164,009 |
Source: Ownwell
Property Tax Bills Across Strong City, Oklahoma
In Strong City, Roger Mills County, OK, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the property's market value, which is determined by local tax assessors. Various factors influence this assessed value, including the property's location, size, and condition. For instance, the median home price in Strong City is $99,768. The property tax rate, applied to the assessed value, determines the final tax bill. In Strong City, the property tax rate is notably lower than the national median of 0.99%. Homeowners in the 25th percentile of tax bills pay around $342, while those in the 75th percentile face bills of approximately $872. The 90th percentile sees tax bills reaching up to $1,082. These tax bills significantly impact homeowners by contributing to local services like schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate annual expenses.
Average Strong City Tax Bill
$612
Average Roger Mills County Tax Bill
$507
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Strong City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73628 | $109 | $342 | $612 | $872 | $1,082 |
Source: Ownwell