Piedmont, Oklahoma Property Taxes
The median property tax rate in Piedmont, OK is 1.04%, slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Piedmont at $281,206, the typical annual property tax bill reaches $2,904, exceeding the national median of $2,690. Property taxes in Piedmont are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Piedmont'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 Piedmont 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
Piedmont, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,925
Ownwell’s Piedmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Piedmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piedmont 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 Piedmont, Oklahoma
Property taxes in Piedmont, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Piedmont is 1.04%, higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Piedmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piedmont 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 Piedmont's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73078 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Piedmont provides valuable insights into the varying tax landscape across Canadian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Piedmont Tax Rate
1.04%
Average Canadian County Tax Rate
1.01%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piedmont, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73078 | 0.80% | 0.93% | 1.04% | 1.15% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Piedmont, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Piedmont, Canadian County, 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 county's 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 Piedmont, 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. The median home price in Piedmont is $281,206, with tax bills ranging from $2,175 at the 25th percentile to $3,950 at the 75th percentile, and reaching up to $4,955 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 73078, with a median tax bill of $2,904. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, and apply for exemptions to effectively manage the tax burden.
Average Piedmont Assessed Value
$281,206
Average Canadian County Assessed Value
$228,594
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piedmont, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73078 | $175,868 | $217,918 | $281,206 | $373,776 | $463,710 |
Source: Ownwell
Property Tax Bills Across Piedmont, Oklahoma
In Piedmont, Canadian County, OK, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The local tax rate, applied to this assessed value, determines the final tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For example, with a median home price of $281,206, homeowners can expect tax bills ranging from $2,175 at the 25th percentile to $4,955 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,904, indicating a relatively consistent tax rate within this zip code. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Piedmont's property taxes may vary but are essential for maintaining community resources and services.
Average Piedmont Tax Bill
$2,904
Average Canadian County Tax Bill
$2,244
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Piedmont, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73078 | $1,471 | $2,175 | $2,904 | $3,950 | $4,955 |
Source: Ownwell