Pittsburg, Oklahoma Property Taxes
The median property tax rate in Pittsburg, OK is 0.60%, significantly lower than the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $87,256 in Pittsburg, the typical annual property tax bill is $606, far below the national median of $2,690. Property taxes in Pittsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pittsburg'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 Pittsburg or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pittsburg, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$524
Ownwell’s Pittsburg Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pittsburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pittsburg to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed information, scroll down to explore neighborhood-level trends. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pittsburg, Oklahoma
Property taxes in Pittsburg, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsburg is 0.63%, significantly lower than the U.S. national median of 0.99%. Local government entities within Pittsburg set these rates annually, and they can vary across different neighborhoods. Each year, Pittsburg 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 Pittsburg's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74560 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Pittsburg provides valuable insights into the varying tax landscape across Pittsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pittsburg Tax Rate
0.60%
Average Atoka County Tax Rate
0.71%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsburg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74560 | 0.46% | 0.53% | 0.60% | 0.68% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Pittsburg, Oklahoma
In Pittsburg, 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. In Pittsburg, 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 Pittsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74560 has the highest median tax bill at $606.00, while the lowest median tax bill is also $606.00 in the same zip code.
Average Pittsburg Assessed Value
$87,256
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 Pittsburg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74560 | $30,536 | $33,127 | $87,256 | $169,450 | $179,002 |
Source: Ownwell
Property Tax Bills Across Pittsburg, Oklahoma
In Pittsburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically represents a percentage of the property's market value. Several factors influence this assessment, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. For instance, if a home in Pittsburg is valued at the median home price of $87,256, the tax bill can vary significantly. Homeowners in the lower 25th percentile might see tax bills around $163, while those in the 75th percentile could face bills up to $1,047. In some cases, tax bills can reach as high as $1,240, particularly for properties in the highest median tax bill area. These tax bills can substantially impact homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Pittsburg's property taxes can be relatively moderate, but they still represent a significant expense for homeowners.
Average Pittsburg Tax Bill
$606
Average Atoka County Tax Bill
$584
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsburg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74560 | $136 | $163 | $606 | $1,047 | $1,240 |
Source: Ownwell