Atoka, Atoka County, Oklahoma Property Taxes
The median property tax rate in Atoka, OK is 0.72%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Atoka at $84,038, the typical annual property tax bill amounts to $576, significantly below the national median of $2,690. Property taxes in Atoka are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Atoka's property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're in the heart of Atoka or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atoka, Atoka County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$605
$561
Ownwell’s Atoka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atoka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atoka 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 Atoka, Atoka County, Oklahoma
Property taxes in Atoka, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atoka is 0.72%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Atoka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atoka 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 Atoka's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74525 has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Atoka provides valuable insights into the varying tax landscape across Atoka County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atoka Tax Rate
0.72%
Average Atoka County Tax Rate
0.71%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atoka, Atoka County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74525 | 0.36% | 0.53% | 0.72% | 0.89% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Atoka, Atoka County, Oklahoma
In Atoka, 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 local 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. 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 Atoka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Atoka is $576 in the 74525 zip code, while the lowest median tax bill is also $576 in the same zip code.
Property Tax Assessment Values Across Atoka, Atoka County, Oklahoma
Source: Ownwell
$63,198
$111,717
$160,236
Average Atoka Assessed Value
$84,038
Average Atoka County Assessed Value
$86,760
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atoka, Atoka County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74525 | $25,792 | $46,446 | $84,038 | $143,058 | $228,278 |
Source: Ownwell
Property Tax Bills Across Atoka, Atoka County, Oklahoma
In Atoka, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For a median home price of $84,038 in Atoka, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is $278, while the 75th percentile reaches $1,051, and the 90th percentile can go up to $1,935. These taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in Atoka may find their tax bills influenced by factors such as property improvements, changes in market conditions, and local tax rates. When compared to the national median property tax rate of 0.99%, Atoka's tax rates can be considered relatively moderate. However, the impact on homeowners varies, with some experiencing higher tax bills depending on their property's assessed value and specific circumstances.
Average Atoka Tax Bill
$576
Average Atoka County Tax Bill
$584
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Atoka, Atoka County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74525 | $140 | $278 | $576 | $1,051 | $1,935 |
Source: Ownwell