Mannsville, Oklahoma Property Taxes
The median property tax rate in Mannsville, OK is 0.85%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $64,458 in Mannsville, the typical annual property tax bill amounts to $453, significantly below the national median of $2,690. Property taxes in Mannsville are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Mannsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're located in the heart of Mannsville or another part of Johnston County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mannsville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$548
Ownwell’s Mannsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mannsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mannsville 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 Mannsville, Oklahoma
Property taxes in Mannsville, Oklahoma, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mannsville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Mannsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mannsville 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 Mannsville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73447 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Mannsville provides valuable insights into the varying tax landscape across Johnston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mannsville Tax Rate
0.85%
Average Johnston County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | 0.43% | 0.60% | 0.85% | 0.95% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Mannsville, Oklahoma
In Mannsville, 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 Johnston 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 Mannsville, 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 Mannsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 73447 in Mannsville has both the highest and lowest median tax bills at $453.
Average Mannsville Assessed Value
$64,458
Average Johnston County Assessed Value
$84,611
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | $20,542 | $34,519 | $64,458 | $100,990 | $159,104 |
Source: Ownwell
Property Tax Bills Across Mannsville, Oklahoma
In Mannsville, located in Johnston County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, with a median home price of $64,458 in Mannsville, the property tax rates can vary significantly. Homeowners in the 25th percentile pay around $259 annually, while those in the 75th percentile face bills of approximately $727. At the 90th percentile, the tax bill can reach up to $1,367. Comparatively, the highest median tax bill in the area is $453, found in the 73447 zip code. These variations impact homeowners differently, affecting their overall financial planning and housing affordability. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Mannsville Tax Bill
$453
Average Johnston County Tax Bill
$521
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | $144 | $259 | $453 | $727 | $1,367 |
Source: Ownwell