Longdale, Oklahoma Property Taxes
The median property tax rate in Longdale, OK is 0.76%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value in Longdale of $87,904, the typical annual property tax bill amounts to $655, significantly below the national median of $2,690. Property taxes in Longdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Longdale'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 Longdale or another part of Major County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Longdale, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$668
Ownwell’s Longdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longdale 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 Longdale, Oklahoma
Property taxes in Longdale, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Longdale is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Longdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longdale 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 Longdale's effective property tax rate to other regions in Oklahoma and the national median. For comparison, the 73755 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Longdale provides valuable insights into the varying tax landscape across Major County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longdale Tax Rate
0.76%
Average Major County Tax Rate
0.83%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longdale, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | 0.47% | 0.59% | 0.76% | 0.86% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Longdale, Oklahoma
In Longdale, 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 Major County Appraisal District 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 Longdale, 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. The median home price in Longdale is $87,904, with tax bills ranging from $344 at the 25th percentile to $2,096 at the 90th percentile. The zip code with the highest and lowest median tax bill is 73755, with a median tax bill of $655. 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 Longdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Longdale Assessed Value
$87,904
Average Major County Assessed Value
$92,366
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longdale, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | $29,125 | $52,786 | $87,904 | $135,103 | $259,403 |
Source: Ownwell
Property Tax Bills Across Longdale, Oklahoma
Property tax bills in Longdale, located in Major County, OK, are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $87,904, homeowners in Longdale can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $344, while at the 75th percentile, they can reach up to $1,086. The highest median tax bill recorded in the area is $655, indicating that there is considerable variation depending on specific property values and applicable exemptions. These tax bills directly impact homeowners by influencing their annual housing costs. Higher assessed values and tax rates can lead to substantial yearly expenses, while lower values and rates provide some financial relief. Homeowners must stay informed about their property’s assessed value and any available exemptions to manage their tax liabilities effectively.
Average Longdale Tax Bill
$655
Average Major County Tax Bill
$720
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Longdale, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | $192 | $344 | $655 | $1,086 | $2,096 |
Source: Ownwell