Nash, Oklahoma Property Taxes
The median property tax rate in NASH, OK 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 $72,700 in NASH, the typical annual property tax bill amounts to $636, significantly below the national median of $2,690. Property taxes in NASH are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding NASH'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 NASH 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
Nash, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$632
Ownwell’s NASH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NASH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NASH 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 Nash, Oklahoma
Property taxes in NASH, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in NASH is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within NASH set these rates annually, and they can vary significantly across different neighborhoods. Each year, NASH 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 NASH's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73761 zip code has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with NASH 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 Nash Tax Rate
0.87%
Average Alfalfa County Tax Rate
0.87%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nash, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Nash, Oklahoma
In NASH, 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 Alfalfa 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 NASH, 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 NASH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 73761 at $636, which is also the lowest median tax bill in the area.
Average Nash Assessed Value
$72,700
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 Nash, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | $72,700 | $72,700 | $72,700 | $72,700 | $72,700 |
Source: Ownwell
Property Tax Bills Across Nash, Oklahoma
In the city of Nash, located in Alfalfa County, OK, property tax bills are calculated based on the assessed value of a property. The median home price in Nash is $72,700, and the property tax rate is applied to this assessed value to determine the tax bill. For Nash, the tax bill is quite consistent, with the 25th, 75th, and 90th percentiles all showing a tax bill of $636 annually. This uniformity indicates a stable and predictable property tax environment for homeowners. Factors considered in determining the tax bill include the assessed value of the property, which is influenced by the market value and any applicable exemptions or deductions. Homeowners in Nash benefit from a relatively low property tax rate compared to the national median of 0.99%, making it an affordable place to own property. This lower tax burden can significantly affect homeowners by reducing their annual expenses and making homeownership more accessible and sustainable.
Average Nash Tax Bill
$636
Average Alfalfa County Tax Bill
$402
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Nash, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | $636 | $636 | $636 | $636 | $636 |
Source: Ownwell