Valliant, Oklahoma Property Taxes
The median property tax rate in Valliant, OK is 0.50%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Valliant, the typical annual property tax bill reaches $344, well below the national median of $2,690. Property taxes in Valliant 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 Valliant'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 Valliant 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
Valliant, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$450
Ownwell’s Valliant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valliant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valliant 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 Valliant, Oklahoma
Property taxes in Valliant, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valliant is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Valliant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valliant 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 Valliant's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74764 has both the highest and lowest median property tax rate of 0.50%. Understanding how these areas compare with Valliant provides valuable insights into the varying tax landscape across Choctaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valliant Tax Rate
0.50%
Average Choctaw County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valliant, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74764 | 0.17% | 0.31% | 0.50% | 0.78% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Valliant, Oklahoma
In Valliant, 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 Choctaw 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 Valliant, 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. For instance, the median home price in Valliant is $89,904, and the median tax bill ranges significantly, with the 25th percentile at $166 and the 90th percentile at $1,185. 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 Valliant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valliant Assessed Value
$89,904
Average Choctaw County Assessed Value
$60,068
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valliant, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74764 | $22,536 | $40,056 | $89,904 | $133,571 | $178,234 |
Source: Ownwell
Property Tax Bills Across Valliant, Oklahoma
In Valliant, located in Choctaw 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 Valliant is $89,904. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Valliant, the tax bills vary significantly. At the 25th percentile, the tax bill is $166, while at the 75th percentile, it rises to $674. For those at the 90th percentile, the tax bill can reach up to $1,185. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Valliant may find their tax bills relatively manageable compared to the national median property tax rate of 0.99%. However, the financial impact can still be significant, especially for those with higher-valued properties. Understanding these factors can help homeowners better anticipate their annual financial obligations and plan accordingly.
Average Valliant Tax Bill
$344
Average Choctaw County Tax Bill
$370
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Valliant, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74764 | $78 | $166 | $344 | $674 | $1,185 |
Source: Ownwell