Boise City, Oklahoma Property Taxes
The median property tax rate in Boise City, OK is 0.46%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Boise City at $61,524, the typical annual property tax bill is $258, well below the national median of $2,690. Property taxes in Boise City 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 Boise City'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 Boise City 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
Boise City, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$283
Ownwell’s Boise City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boise City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boise City to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, aiding in better financial planning. For those interested in neighborhood-level trends, more localized information is available below. Your property's assessed value is determined by the county for property tax purposes and includes any applicable exemptions, ensuring a precise calculation tailored to your specific situation.
Property Tax Rates Across Boise City, Oklahoma
Property taxes in Boise City, Oklahoma, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Boise City is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Boise City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boise City 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 Boise City's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73933 has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Boise City provides valuable insights into the varying tax landscape across Cimarron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boise City Tax Rate
0.46%
Average Cimarron County Tax Rate
0.50%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boise City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73933 | 0.22% | 0.32% | 0.46% | 0.67% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Boise City, Oklahoma
In Boise City, 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 Cimarron 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. 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 Boise City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in the 73933 zip code, the median tax bill is $258.
Average Boise City Assessed Value
$61,524
Average Cimarron County Assessed Value
$68,218
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boise City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73933 | $22,718 | $36,427 | $61,524 | $100,778 | $152,504 |
Source: Ownwell
Property Tax Bills Across Boise City, Oklahoma
In Boise City, located in Cimarron 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 is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $61,524, homeowners can expect a wide range of tax bills depending on their property's assessed value and specific circumstances. At the 25th percentile, tax bills are around $149, while those in the 75th percentile see bills closer to $479. For properties in the 90th percentile, tax bills can reach up to $733. These figures highlight the variability in property tax burdens within the city. Compared to the national median property tax rate of 0.99%, Boise City's property tax rates can offer some relief to homeowners, but the exact impact varies significantly based on individual property assessments. This variability underscores the importance of understanding how local tax policies and property values affect one's financial obligations.
Average Boise City Tax Bill
$258
Average Cimarron County Tax Bill
$314
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Boise City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73933 | $92 | $149 | $258 | $479 | $733 |
Source: Ownwell