Pawhuska, Oklahoma Property Taxes
The median property tax rate in Pawhuska, OK is 1.01%, slightly above both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $50,327 in Pawhuska, the typical annual property tax bill is $456, which is significantly lower than the national median of $2,690. Property taxes in Pawhuska are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pawhuska'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 Pawhuska or another part of Osage County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pawhuska, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$508
Ownwell’s Pawhuska Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pawhuska with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pawhuska 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 Pawhuska, Oklahoma
Property taxes in Pawhuska, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pawhuska is 1.01%, higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Pawhuska set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pawhuska 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 Pawhuska's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74056 zip code has the highest median property tax rate of 1.01%, while the 74056 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Pawhuska provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pawhuska Tax Rate
1.01%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pawhuska, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74056 | 0.54% | 0.76% | 1.01% | 1.14% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Pawhuska, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pawhuska, 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 Osage 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 Pawhuska, 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 Pawhuska helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pawhuska is $50,327, with the 25th percentile tax bill at $218 and the 75th percentile at $905. The highest and lowest median tax bills are both in the 74056 zip code, at $456.
Average Pawhuska Assessed Value
$50,327
Average Osage County Assessed Value
$85,955
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pawhuska, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74056 | $10,731 | $25,004 | $50,327 | $96,748 | $161,205 |
Source: Ownwell
Property Tax Bills Across Pawhuska, Oklahoma
In Pawhuska, Osage County, OK, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property improvements, location, and market trends can influence the assessed value. For example, with a median home price of $50,327, homeowners can expect varying tax bills. The 25th percentile tax bill is around $218, while the 75th percentile reaches approximately $905. At the higher end, the 90th percentile tax bill can be as much as $1,646. Notably, the highest median tax bill in the 74056 zip code stands at $456. These property taxes fund essential services like schools, infrastructure, and emergency services, directly impacting homeowners' financial planning and community resources. Compared to the national median property tax rate of 0.99%, Pawhuska's rates offer a unique perspective on local taxation and its effects on residents.
Average Pawhuska Tax Bill
$456
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pawhuska, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74056 | $81 | $218 | $456 | $905 | $1,646 |
Source: Ownwell