Apache, Oklahoma Property Taxes
The median property tax rate in Apache, Oklahoma is 0.91%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Apache, the typical annual property tax bill reaches $465, significantly below the national median of $2,690. Property taxes in Apache 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 Apache'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 Apache 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
Apache, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$522
Ownwell’s APACHE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in APACHE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in APACHE 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 Apache, Oklahoma
Property taxes in Apache, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Apache is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Apache set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apache 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 Apache's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73006 has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Apache provides valuable insights into the varying tax landscape across Comanche County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Apache Tax Rate
0.91%
Average Comanche County Tax Rate
1.15%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apache, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73006 | 0.50% | 0.74% | 0.91% | 1.12% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Apache, Oklahoma
In Apache, 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 Comanche County Assessor's Office 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 Apache, 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 Apache helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Apache are both $465, found in the 73006 zip code.
Average Apache Assessed Value
$57,386
Average Comanche County Assessed Value
$99,838
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Apache, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73006 | $12,757 | $25,774 | $57,386 | $101,860 | $160,182 |
Source: Ownwell
Property Tax Bills Across Apache, Oklahoma
In Apache, located in Comanche 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 Apache is $57,386. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as the local tax rate and any applicable exemptions also play a role in the final amount. For homeowners in Apache, property tax bills can vary significantly. The 25th percentile tax bill is approximately $195, while the 75th percentile is around $985. For those at the higher end, the 90th percentile tax bill reaches up to $1,550. The highest median tax bill in the area is $465, which is consistent across the zip code 73006. Compared to the national median property tax rate of 0.99%, Apache offers a relatively moderate tax environment. This variability in tax bills affects homeowners differently, depending on their property's assessed value and eligibility for exemptions, impacting their overall financial planning and homeownership costs.
Average Apache Tax Bill
$465
Average Comanche County Tax Bill
$997
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Apache, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73006 | $73 | $195 | $465 | $985 | $1,550 |
Source: Ownwell