Quinton, Oklahoma Property Taxes
The median property tax rate in Quinton, OK is 0.65%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Quinton, the typical annual property tax bill reaches $397, well below the national median of $2,690. Property taxes in Quinton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Quinton'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 Quinton or another part of Pittsburg County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quinton, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$391
Ownwell’s Quinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quinton 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 Quinton, Oklahoma
Property taxes in Quinton, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Quinton is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Quinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quinton 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 Quinton's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74561 has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Quinton 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 Quinton Tax Rate
0.65%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quinton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74561 | 0.33% | 0.48% | 0.65% | 0.84% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Quinton, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Quinton, 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 Pittsburg County Assessor's Office 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 Quinton, 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. For instance, the median home price in Quinton is $60,173, with tax bills ranging from $192 at the 25th percentile to $1,104 at the 90th percentile. The zip code 74561 has the highest and lowest median tax bill at $397. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Quinton Assessed Value
$60,173
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 Quinton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74561 | $22,795 | $31,674 | $60,173 | $108,268 | $170,617 |
Source: Ownwell
Property Tax Bills Across Quinton, Oklahoma
In Quinton, Pittsburg County, OK, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Quinton is $60,173. 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 exemptions play a significant role in the final amount. For homeowners in Quinton, the tax bill can vary considerably. At the 25th percentile, the tax bill is approximately $192, while at the 75th percentile, it rises to around $689. For those at the 90th percentile, the tax bill can reach up to $1,104. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of the local tax landscape. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly. Accurate assessments ensure fair taxation, which is essential for funding local services and infrastructure.
Average Quinton Tax Bill
$397
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Quinton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74561 | $108 | $192 | $397 | $689 | $1,104 |
Source: Ownwell