Glenpool, Oklahoma Property Taxes
The median property tax rate in Glenpool, OK is 1.17%, 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 Glenpool at $141,680, the typical annual property tax bill reaches $1,638, still below the national median of $2,690. Property taxes in Glenpool are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Glenpool'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 Glenpool or another part of Tulsa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenpool, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,658
Ownwell’s Glenpool Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenpool with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenpool 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 Glenpool, Oklahoma
Property taxes in Glenpool, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenpool is 1.17%, which is significantly higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Glenpool set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenpool 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 Glenpool's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74033 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Glenpool provides valuable insights into the varying tax landscape across Tulsa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenpool Tax Rate
1.17%
Average Tulsa County Tax Rate
1.31%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenpool, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74033 | 0.98% | 1.08% | 1.17% | 1.23% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Glenpool, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glenpool, 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 Tulsa 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 Glenpool, 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 Glenpool helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74033 has both the highest and lowest median tax bill, recorded at $1,638, reflecting the uniformity in property tax assessments within the area.
Average Glenpool Assessed Value
$141,680
Average Tulsa County Assessed Value
$152,469
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenpool, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74033 | $79,566 | $110,860 | $141,680 | $195,000 | $245,319 |
Source: Ownwell
Property Tax Bills Across Glenpool, Oklahoma
In Glenpool, Tulsa County, property tax bills are calculated based on the assessed value of a property, which is determined by the Tulsa County Assessor. This assessed value is a percentage of the property's market value. For instance, if a home in Glenpool has a median market price of $141,680, the assessed value is derived from this figure. The property tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location within specific taxing districts, local government budgets, and voter-approved levies for schools and infrastructure. In Glenpool, homeowners can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $1,216, while the 75th percentile reaches $2,291, and the 90th percentile can be as high as $2,979. These property taxes directly impact homeowners by funding essential public services such as education, emergency services, and road maintenance, contributing to the overall quality of life in Glenpool.
Average Glenpool Tax Bill
$1,638
Average Tulsa County Tax Bill
$1,876
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenpool, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74033 | $873 | $1,216 | $1,638 | $2,291 | $2,979 |
Source: Ownwell