Mccurtain, Oklahoma Property Taxes
The median property tax rate in McCurtain, OK is 0.61%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in McCurtain at $41,227, the typical annual property tax bill reaches $228, substantially below the national median of $2,690. Property taxes in McCurtain are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding McCurtain'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 McCurtain 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
Mccurtain, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$251
Ownwell’s McCurtain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McCurtain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McCurtain 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 Mccurtain, Oklahoma
Property taxes in McCurtain, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McCurtain is 0.61%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within McCurtain set these rates annually, and they can vary significantly across different neighborhoods. Each year, McCurtain 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 McCurtain's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74944 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with McCurtain provides valuable insights into the varying tax landscape across McCurtain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mccurtain Tax Rate
0.61%
Average Haskell County Tax Rate
0.72%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mccurtain, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74944 | 0.27% | 0.40% | 0.61% | 0.82% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Mccurtain, Oklahoma
In McCurtain, 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 McCurtain 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 McCurtain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In McCurtain, the zip code 74944 has the highest median tax bill at $228.00. By staying informed, homeowners can take proactive steps to potentially lower their property tax obligations.
Average Mccurtain Assessed Value
$41,227
Average Haskell County Assessed Value
$61,017
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mccurtain, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74944 | $11,720 | $23,662 | $41,227 | $69,802 | $122,449 |
Source: Ownwell
Property Tax Bills Across Mccurtain, Oklahoma
In McCurtain, property tax bills are calculated using the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, taking into account factors such as property size, location, and condition. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the final tax bill. Homeowners in McCurtain experience property tax bills that vary widely. For example, the 25th percentile tax bill is $126, while the 75th percentile tax bill reaches $436. At the 90th percentile, homeowners might see tax bills as high as $781. These figures illustrate the range of property tax burdens within the city, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, McCurtain's property tax rates can be relatively modest, providing some relief to homeowners. However, the variation in tax bills highlights the importance of understanding how assessed values and local rates impact individual tax responsibilities.
Average Mccurtain Tax Bill
$228
Average Haskell County Tax Bill
$400
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mccurtain, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74944 | $50 | $126 | $228 | $436 | $781 |
Source: Ownwell