Aline, Alfalfa County, Oklahoma Property Taxes
The median property tax rate in Aline, OK is 0.80%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Aline, the typical annual property tax bill amounts to $364, significantly below the national median of $2,690. Property taxes in Aline are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Aline'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 Aline or another part of Alfalfa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aline, Alfalfa County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$443
$411
Ownwell’s Aline Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Aline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aline 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 Aline, Alfalfa County, Oklahoma
Property taxes in Aline, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aline is 0.80%, which is below the U.S. national median of 0.99%. Local government entities within Aline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aline 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 Aline's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73716 has both the highest and lowest median property tax rate in the county at 0.80%, matching Aline's rate. Understanding how these areas compare with Aline provides valuable insights into the varying tax landscape across Alfalfa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aline Tax Rate
0.80%
Average Alfalfa County Tax Rate
0.87%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aline, Alfalfa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73716 | 0.36% | 0.58% | 0.80% | 0.95% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Aline, Alfalfa County, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aline, 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 Alfalfa 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 Aline, 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 instance, the highest median tax bill in Aline is $364 in the 73716 zip code, while the lowest median tax bill is also $364 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Aline, Alfalfa County, Oklahoma
Source: Ownwell
$28,479
$70,767
$113,054
Average Aline Assessed Value
$55,385
Average Alfalfa County Assessed Value
$48,960
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aline, Alfalfa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73716 | $18,600 | $26,203 | $55,385 | $101,186 | $158,006 |
Source: Ownwell
Property Tax Bills Across Aline, Alfalfa County, Oklahoma
In Aline, Alfalfa County, OK, property tax bills are determined by a combination of the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $55,385, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $183 annually, while those in the 75th percentile pay approximately $889. At the 90th percentile, the tax bill can reach up to $1,448. The local tax rate in Aline is influenced by various factors, including the county’s budgetary needs, school funding, and other municipal services. Compared to the national median property tax rate of 0.99%, Aline's rates reflect the specific financial requirements and property values of the area. This system ensures that property taxes are fairly distributed based on property values, but it also means that fluctuations in the real estate market can directly impact homeowners' annual tax bills.
Average Aline Tax Bill
$364
Average Alfalfa County Tax Bill
$402
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Aline, Alfalfa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73716 | $77 | $183 | $364 | $889 | $1,448 |
Source: Ownwell