Seiling, Oklahoma Property Taxes
The median property tax rate in Seiling, OK is 0.65%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Seiling at $179,648, the typical annual property tax bill amounts to $1,148, significantly below the national median of $2,690. Property taxes in Seiling 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 Seiling'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 Seiling 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
Seiling, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,168
Ownwell’s Seiling Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Seiling. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Seiling to provide an accurate estimate of your property tax bill. This helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by Major County, is essential for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Seiling, Oklahoma
Property taxes in Seiling, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seiling is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Seiling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seiling 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 Seiling's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the area with the highest median property tax rate in Seiling has a rate of 0.65%, while the area with the lowest median tax rate also stands at 0.65%. Understanding how these cities compare with Seiling 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 Seiling Tax Rate
0.65%
Average Major County Tax Rate
0.83%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seiling, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73663 | 0.62% | 0.64% | 0.65% | 0.82% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Seiling, Oklahoma
In Seiling, 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 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 Seiling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Seiling is $1,148, both found in the 73663 zip code.
Average Seiling Assessed Value
$179,648
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 Seiling, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73663 | $105,874 | $115,689 | $179,648 | $278,270 | $478,958 |
Source: Ownwell
Property Tax Bills Across Seiling, Oklahoma
In Seiling, located in Major County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Seiling is $179,648. Local tax assessors determine this value, and the tax rate is applied to it. The tax rate, known as the mill rate, is set by local government entities and varies annually based on budgetary needs. Homeowners in Seiling can expect their property tax bills to fall within a range, with the 25th percentile at $742 and the 75th percentile at $2,314. For those in the 90th percentile, tax bills can go up to $4,369. This variability is influenced by factors such as property size, location, and any applicable exemptions. Comparatively, the national median property tax rate is 0.99%, making Seiling's property tax environment relatively moderate. Understanding these factors helps homeowners anticipate their tax responsibilities and plan accordingly.
Average Seiling Tax Bill
$1,148
Average Major County Tax Bill
$720
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Seiling, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73663 | $685 | $742 | $1,148 | $2,314 | $4,369 |
Source: Ownwell