Konawa, Oklahoma Property Taxes
The median property tax rate in Konawa, OK is 0.92%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $24,917 in Konawa, the typical annual property tax bill amounts to $228, significantly below the national median of $2,690. Property taxes in Konawa are calculated based on the assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Konawa's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Konawa or another part of McIntosh County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Konawa, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$229
Ownwell’s Konawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Konawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Konawa 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 Konawa, Oklahoma
Property taxes in Konawa, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Konawa is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Konawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Konawa 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 Konawa's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74849 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Konawa provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Konawa Tax Rate
0.92%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Konawa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Konawa, Oklahoma
In Konawa, 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 McIntosh 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 Konawa, 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 Konawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 74849, both at $228.
Average Konawa Assessed Value
$24,917
Average Mcintosh County Assessed Value
$81,769
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Konawa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | $24,917 | $24,917 | $24,917 | $24,917 | $24,917 |
Source: Ownwell
Property Tax Bills Across Konawa, Oklahoma
In Konawa, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Konawa stands at $24,917. Property taxes are then determined by applying the local tax rate to this assessed value. In McIntosh County, where Konawa is located, the median property tax bill is $228, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For homeowners in Konawa, this relatively low property tax burden can make homeownership more affordable. It also means that changes in property values or tax rates can have a noticeable impact on annual expenses. Understanding these factors can help homeowners better plan their finances and anticipate future tax liabilities.
Average Konawa Tax Bill
$228
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Konawa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | $228 | $228 | $228 | $228 | $228 |
Source: Ownwell