Daisy, Oklahoma Property Taxes
The median property tax rate in Daisy, OK is 0.72%, 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 $98,534 in Daisy, the typical annual property tax bill amounts to $599, significantly below the national median of $2,690. Property taxes in Daisy are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Daisy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Daisy or another part of Atoka County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daisy, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$709
Ownwell’s Daisy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Daisy using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Daisy to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more granular insights, you can scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Daisy, Oklahoma
Property taxes in Daisy, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daisy is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Daisy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daisy 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. Understanding how Daisy's effective property tax rate compares to other areas in Atoka County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daisy 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 Daisy, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74540 | 0.37% | 0.50% | 0.72% | 0.87% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Daisy, Oklahoma
In Daisy, 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 Atoka 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 Daisy, 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. The median home price in Daisy is $98,534, with tax bills ranging from $352 at the 25th percentile to $2,015 at the 90th percentile. 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 Daisy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Daisy Assessed Value
$98,534
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 Daisy, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74540 | $42,836 | $66,632 | $98,534 | $142,610 | $203,071 |
Source: Ownwell
Property Tax Bills Across Daisy, Oklahoma
In Daisy, located in Atoka County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $98,534, homeowners can expect to pay a property tax bill that varies significantly depending on their property's assessed value and the specific tax rate applied by the county. Several factors influence the final tax bill, including property location, local government budgets, and specific exemptions that may apply. In Daisy, the 25th percentile tax bill is $352, indicating that a quarter of the homeowners pay less than this amount. The 75th percentile tax bill is $1,157, showing a broad range in what homeowners might owe. For those at the higher end, the 90th percentile tax bill reaches up to $2,015. These property taxes significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Comparing this to the national median property tax rate of 0.99%, Daisy's tax rates and bills offer a unique perspective on property tax burdens within the region.
Average Daisy Tax Bill
$599
Average Atoka County Tax Bill
$584
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Daisy, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74540 | $186 | $352 | $599 | $1,157 | $2,015 |
Source: Ownwell