Quinton, Oklahoma Property Taxes
The median property tax rate in Quinton, OK is 0.70%, which is considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Quinton at $59,513, the typical annual property tax bill reaches $406, significantly below the national median of $2,690. Property taxes in Quinton 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 Quinton'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 Quinton 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
Quinton, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$417
Ownwell’s Quinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quinton 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 Quinton, Oklahoma
Property taxes in Quinton, Oklahoma, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Quinton is 0.63%, which is lower than both the Oklahoma state median of 0.74% and the U.S. national median of 0.99%. Local government entities within Quinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quinton 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 Quinton's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the highest median property tax rate in the county is 0.63%, while the lowest median tax rate is also 0.63%, both found in the zip code 74561. Understanding how these cities compare with Quinton provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quinton Tax Rate
0.70%
Average Haskell County Tax Rate
0.72%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quinton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74561 | 0.30% | 0.47% | 0.70% | 0.85% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Quinton, Oklahoma
In Quinton, 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 Haskell 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. In Quinton, 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 Quinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 74561 has the highest and lowest median tax bill, both standing at $406.
Average Quinton Assessed Value
$59,513
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 Quinton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74561 | $19,088 | $35,821 | $59,513 | $91,628 | $134,253 |
Source: Ownwell
Property Tax Bills Across Quinton, Oklahoma
In Quinton, located in Haskell County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $59,513, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property location, home improvements, and local tax levies significantly influence the final tax bill. In Quinton, the 25th percentile tax bill is around $190, while the 75th percentile tax bill reaches $725. At the 90th percentile, homeowners might pay up to $1,077. Comparatively, the national median property tax rate is 0.99%, and Quinton's tax bills reflect the local economic conditions and property values. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and long-term property investment decisions. By staying informed, residents can better manage their property tax obligations.
Average Quinton Tax Bill
$406
Average Haskell County Tax Bill
$400
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Quinton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74561 | $84 | $190 | $406 | $725 | $1,077 |
Source: Ownwell