Helena, Oklahoma Property Taxes
The median property tax rate in Helena, OK is 0.86%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Helena at $64,280, the typical annual property tax bill amounts to $500, significantly below the national median of $2,690. Property taxes in Helena are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Helena'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 Helena or another part of Alfalfa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Helena, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$553
Ownwell’s Helena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Helena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Helena 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 Helena, Oklahoma
Property taxes in Helena, Oklahoma, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Helena is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Helena 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 Helena's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 73741 zip code has both the highest and lowest median property tax rate in the region, at 0.86%. Understanding how these areas compare with Helena provides valuable insights into the varying tax landscape across Alfalfa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Helena Tax Rate
0.86%
Average Alfalfa County Tax Rate
0.87%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Helena, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73741 | 0.45% | 0.63% | 0.86% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Helena, Oklahoma
In Helena, 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 Alfalfa County Appraisal District 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 Helena, 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 Helena 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 73741, both averaging $500.
Average Helena Assessed Value
$64,280
Average Alfalfa County Assessed Value
$48,960
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Helena, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73741 | $24,777 | $38,000 | $64,280 | $104,319 | $159,533 |
Source: Ownwell
Property Tax Bills Across Helena, Oklahoma
In Helena, Alfalfa County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the property tax bill, including the market value of the property, any applicable exemptions, and the local tax rate. Homeowners in Helena can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $284, while those at the 75th percentile could see bills as high as $872. At the 90th percentile, homeowners might face a tax bill of approximately $1,425. These variations highlight the impact of property value and exemptions on the final tax amount. Compared to the national median property tax rate of 0.99%, the tax burden in Helena can be relatively manageable, yet it still represents a significant expense for many homeowners.
Average Helena Tax Bill
$500
Average Alfalfa County Tax Bill
$402
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Helena, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73741 | $141 | $284 | $500 | $872 | $1,425 |
Source: Ownwell