Roland, Oklahoma Property Taxes
The median property tax rate in Roland, OK is 0.87%, lower than the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value in Roland of $98,700, the typical annual property tax bill is $810, which is below the national median of $2,690. Property taxes in Roland are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Roland'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 Roland 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
Roland, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$859
Ownwell’s Roland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roland 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 Roland, Oklahoma
Property taxes in Roland, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roland is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Roland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roland 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 Roland's effective property tax rate to other counties and the national median. For comparison, the zip code 74954 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these rates compare with Roland provides valuable insights into the varying tax landscape across Sequoyah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roland Tax Rate
0.87%
Average Sequoyah County Tax Rate
0.74%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roland, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74954 | 0.58% | 0.73% | 0.87% | 0.97% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Roland, Oklahoma
In Roland, 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 Sequoyah 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 Roland, 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 Roland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 74954, both at $810, which is below the national median property tax rate of 0.99%.
Average Roland Assessed Value
$98,700
Average Sequoyah County Assessed Value
$80,752
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roland, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74954 | $44,232 | $68,222 | $98,700 | $142,468 | $202,355 |
Source: Ownwell
Property Tax Bills Across Roland, Oklahoma
Property tax bills in Roland, located in Sequoyah County, OK, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value, determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, with a median home price of $98,700, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. The tax bill in Roland ranges significantly, with the 25th percentile at $556 and the 75th percentile reaching $1,178. At the 90th percentile, the tax bill can go up to $1,737. These figures indicate that while some homeowners may pay relatively low property taxes, others could face higher bills. This variability can impact homeowners' financial planning and overall cost of living. Compared to the national median property tax rate of 0.99%, Roland's property tax landscape offers a diverse range of tax obligations for its residents.
Average Roland Tax Bill
$810
Average Sequoyah County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Roland, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74954 | $335 | $556 | $810 | $1,178 | $1,737 |
Source: Ownwell