Kiowa, Oklahoma Property Taxes
The median property tax rate in Kiowa, OK is 0.57%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $67,881 in Kiowa, the typical annual property tax bill amounts to $342, much less than the national median of $2,690. Property taxes in Kiowa are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Kiowa'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 Kiowa or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kiowa, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$387
Ownwell’s Kiowa Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kiowa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kiowa to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in observing trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kiowa, Oklahoma
Property taxes in Kiowa, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kiowa is 0.57%, significantly lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Kiowa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kiowa 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 Kiowa's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74553 zip code has the highest median property tax rate of 0.57%, while the 74553 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Kiowa provides valuable insights into the varying tax landscape across Pittsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kiowa Tax Rate
0.57%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kiowa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74553 | 0.28% | 0.38% | 0.57% | 0.76% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Kiowa, Oklahoma
In Kiowa, 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 Pittsburg 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 Kiowa, 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 Kiowa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74553 has the highest and lowest median tax bill at $342.
Average Kiowa Assessed Value
$67,881
Average Pittsburg County Assessed Value
$87,046
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kiowa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74553 | $23,055 | $33,718 | $67,881 | $108,628 | $164,327 |
Source: Ownwell
Property Tax Bills Across Kiowa, Oklahoma
In Kiowa, situated in Pittsburg County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Kiowa can expect their tax bills to vary significantly, with the 25th percentile at $149 and the 75th percentile reaching $666. For those in the 90th percentile, tax bills can go up to $1089. The median home price in Kiowa is $67,881, and the local property tax rate is relatively modest compared to the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. For homeowners, understanding these factors is crucial as it directly impacts their annual financial obligations. Effective property tax management can lead to significant savings and ensure that homeowners are not overpaying on their tax bills.
Average Kiowa Tax Bill
$342
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Kiowa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74553 | $80 | $149 | $342 | $666 | $1,089 |
Source: Ownwell