Asher, Oklahoma Property Taxes
The median property tax rate in Asher, Oklahoma is 0.87%, 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 $61,462, the typical annual property tax bill in Asher is $448, significantly less than the national median of $2,690. Property taxes in Asher are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Asher's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether in Asher or another part of Pottawatomie County, a thorough grasp of the local property tax system can offer considerable financial benefits.
Last Updated June 14, 2024
Asher, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$535
Ownwell’s Asher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Asher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Asher 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 Asher, Oklahoma
Property taxes in Asher, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Asher is 0.87%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Asher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Asher 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 Asher's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74826 zip code has the highest median property tax rate of 0.87%, while the 74826 zip code has the lowest median tax rate of 0.87%. Understanding how these cities compare with Asher provides valuable insights into the varying tax landscape across Pottawatomie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Asher Tax Rate
0.87%
Average Pottawatomie County Tax Rate
1.04%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Asher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74826 | 0.35% | 0.55% | 0.87% | 1.12% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Asher, Oklahoma
In Asher, 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 Pottawatomie 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 Asher, 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 Asher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Asher are both $448, occurring in the 74826 zip code.
Average Asher Assessed Value
$61,462
Average Pottawatomie County Assessed Value
$87,932
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Asher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74826 | $14,133 | $33,726 | $61,462 | $111,001 | $182,867 |
Source: Ownwell
Property Tax Bills Across Asher, Oklahoma
In Asher, located in Pottawatomie County, Oklahoma, 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 Asher is $61,462. Property taxes are influenced by various factors including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Asher typically see tax bills ranging from $220 at the 25th percentile to $1,597 at the 90th percentile. The median property tax bill stands at $448, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable in Asher compared to other regions. However, it is crucial for homeowners to stay informed about potential changes in property values and tax rates, as these can impact their annual tax bills.
Average Asher Tax Bill
$448
Average Pottawatomie County Tax Bill
$764
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Asher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74826 | $81 | $220 | $448 | $862 | $1,597 |
Source: Ownwell