Warner, Oklahoma Property Taxes
The median property tax rate in Warner, OK is 0.78%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Warner, the typical annual property tax bill reaches $634, significantly below the national median of $2,690. Property taxes in Warner 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 Warner'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 Warner or another part of McIntosh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warner, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$630
Ownwell’s Warner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warner 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 Warner, Oklahoma
Property taxes in Warner, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warner is 0.78%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Warner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warner 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 Warner's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74469 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Warner 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 Warner Tax Rate
0.78%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warner, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74469 | 0.44% | 0.70% | 0.78% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Warner, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warner, Oklahoma. 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. Assessment notices in Warner 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. In Warner, the zip code 74469 has the highest median tax bill at $634, while the lowest median tax bill also stands at $634. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warner Assessed Value
$80,783
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 Warner, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74469 | $22,339 | $45,660 | $80,783 | $135,061 | $191,538 |
Source: Ownwell
Property Tax Bills Across Warner, Oklahoma
In Warner, located in McIntosh County, OK, 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 Warner is $80,783, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as local tax rates, property assessments, and any applicable exemptions play a crucial role in the final calculation. Homeowners in Warner can expect a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $376, while the 75th percentile tax bill reaches approximately $1200. Those in the 90th percentile may see tax bills as high as $1629. Compared to the national median property tax rate of 0.99%, Warner's rates may provide some relief to homeowners. Understanding these factors is essential for homeowners to anticipate their annual property tax obligations and manage their finances effectively.
Average Warner Tax Bill
$634
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Warner, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74469 | $296 | $376 | $634 | $1,200 | $1,629 |
Source: Ownwell