Achille, Oklahoma Property Taxes
The median property tax rate in Achille, OK is 0.81%, 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 Achille at $65,651, the typical annual property tax bill reaches $459, significantly below the national median of $2,690. Property taxes in Achille 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 Achille'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 Achille 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
Achille, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$532
Ownwell’s Achille Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Achille with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Achille 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 Achille, Oklahoma
Property taxes in Achille, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Achille is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Achille set these rates annually, and they can vary significantly across different neighborhoods. Each year, Achille 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 Achille's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74720 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Achille provides valuable insights into the varying tax landscape across Bryan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Achille Tax Rate
0.81%
Average Bryan County Tax Rate
0.83%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Achille, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74720 | 0.51% | 0.62% | 0.81% | 0.93% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Achille, Oklahoma
In Achille, 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 Bryan 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 Achille, 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 Achille helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $459, found in zip code 74720.
Average Achille Assessed Value
$65,651
Average Bryan County Assessed Value
$117,512
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Achille, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74720 | $30,743 | $43,178 | $65,651 | $84,480 | $127,209 |
Source: Ownwell
Property Tax Bills Across Achille, Oklahoma
In Achille, located in Bryan County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Achille is $65,651, and property tax rates are applied to this assessed value. Homeowners in Achille can expect to pay between $262 at the 25th percentile and $694 at the 75th percentile in property taxes annually. For those at the 90th percentile, the tax bill can reach up to $1,122. Factors influencing the property tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions that may lower the taxable amount. Compared to the national median property tax rate of 0.99%, Achille's rates are relatively modest. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding how these elements contribute to the final tax bill can help homeowners better manage their finances and plan for future expenses.
Average Achille Tax Bill
$459
Average Bryan County Tax Bill
$903
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Achille, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74720 | $204 | $262 | $459 | $694 | $1,122 |
Source: Ownwell