Quapaw, Oklahoma Property Taxes
The median property tax rate in Quapaw, OK, is 0.77%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $77,204 in Quapaw, the typical annual property tax bill is around $527, significantly less than the national median of $2,690. Property taxes in Quapaw 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 Quapaw'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 Quapaw 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
Quapaw, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$594
Ownwell’s Quapaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quapaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quapaw 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 Quapaw, Oklahoma
Property taxes in Quapaw, Oklahoma, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Quapaw is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Quapaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quapaw 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 Quapaw's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74363 has the same median property tax rate of 0.77%. Understanding how these areas compare with Quapaw provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quapaw Tax Rate
0.77%
Average Ottawa County Tax Rate
0.80%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quapaw, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74363 | 0.35% | 0.56% | 0.77% | 0.93% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Quapaw, Oklahoma
In Quapaw, 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 Ottawa 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 Quapaw, 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. For example, the highest median tax bill is $527 in zip code 74363. Being aware of these valuation processes in Quapaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Quapaw Assessed Value
$77,204
Average Ottawa County Assessed Value
$84,000
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quapaw, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74363 | $23,142 | $46,072 | $77,204 | $124,322 | $180,017 |
Source: Ownwell
Property Tax Bills Across Quapaw, Oklahoma
In Quapaw, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that the tax bill is directly influenced by the home's assessed value, which is determined by local assessors. Several factors are considered when determining the assessed value, including the property's location, size, and condition. For instance, in Quapaw, the median home price is $77,204. Homeowners can expect tax bills within a range, with the 25th percentile at $273 and the 75th percentile at $916. At the higher end, the 90th percentile tax bill reaches $1,414. These figures reflect the variability in assessed values and the corresponding tax obligations that homeowners face. The highest and lowest median tax bills in the region are both recorded at $527 in the 74363 zip code, demonstrating a level of consistency within certain areas of Ottawa County. Understanding these factors can help homeowners anticipate their property tax responsibilities and plan accordingly.
Average Quapaw Tax Bill
$527
Average Ottawa County Tax Bill
$593
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Quapaw, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74363 | $142 | $273 | $527 | $916 | $1,414 |
Source: Ownwell