Bartlesville, Oklahoma Property Taxes
The median property tax rate in Bartlesville, OK is 1.28%, noticeably higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Bartlesville at $113,790, the typical annual property tax bill reaches $1,332, which is below the national median of $2,690. Property taxes in Bartlesville are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bartlesville'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 Bartlesville or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bartlesville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,457
Ownwell’s Bartlesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bartlesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bartlesville 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 Bartlesville, Oklahoma
Property taxes in Bartlesville, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bartlesville is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Bartlesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bartlesville 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 Bartlesville's effective property tax rate to other areas in Washington County and the national median. For comparison, the 74006 zip code has the highest median property tax rate of 1.34%, while the 74003 zip code has the lowest median tax rate of 1.11%. Understanding how these areas compare with Bartlesville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bartlesville Tax Rate
1.28%
Average Washington County Tax Rate
1.17%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bartlesville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74003 | 0.50% | 0.78% | 1.11% | 1.34% | 1.43% |
| 74006 | 0.87% | 1.13% | 1.34% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Bartlesville, Oklahoma
In Bartlesville, 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 Washington 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 Bartlesville, 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 Bartlesville is $1,737 in the 74006 zip code, while the lowest is $600 in the 74003 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bartlesville Assessed Value
$113,790
Average Washington County Assessed Value
$108,690
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bartlesville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74003 | $24,341 | $37,640 | $62,245 | $94,295 | $157,395 |
| 74006 | $62,151 | $95,341 | $138,105 | $203,515 | $295,425 |
Source: Ownwell
Property Tax Bills Across Bartlesville, Oklahoma
In Bartlesville, Washington County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Local tax rates, set by various taxing authorities, are then applied to this assessed value to determine the tax bill. Factors such as property type, location, and any applicable exemptions or abatements can influence the final amount. For homeowners, understanding these calculations is crucial. The median home price in Bartlesville is $113,790, and property tax bills vary significantly. For example, the tax bill at the 25th percentile is $682, while at the 75th percentile, it rises to $2,235. The highest median tax bill in the area is $1,737 in the 74006 zip code, whereas the lowest is $600 in the 74003 zip code. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Bartlesville to be aware of local rates and assessments to manage their financial obligations effectively.
Average Bartlesville Tax Bill
$1,332
Average Washington County Tax Bill
$1,167
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Bartlesville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74003 | $192 | $332 | $600 | $1,053 | $1,818 |
| 74006 | $655 | $1,081 | $1,737 | $2,654 | $3,950 |
Source: Ownwell