Mannsville, Oklahoma Property Taxes
The median property tax rate in Mannsville, OK is 0.36%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Mannsville at $129,439, the typical annual property tax bill amounts to $460, which is well below the national median of $2,690. Property taxes in Mannsville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mannsville'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 Mannsville 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
Mannsville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$466
Ownwell’s Mannsville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mannsville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Mannsville to provide an accurate estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities effectively. For those interested in more detailed insights, neighborhood-level trends are available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Mannsville, Oklahoma
Property taxes in Mannsville, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mannsville is 0.36%, significantly lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Mannsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mannsville 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 Mannsville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the highest median property tax rate in Oklahoma is in zip code 73116 with a rate of 1.5%, while the lowest median tax rate is in zip code 73001 with a rate of 0.25%. Understanding how these cities compare with Mannsville provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mannsville Tax Rate
0.36%
Average Carter County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Mannsville, Oklahoma
In Mannsville, 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 Carter 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 Mannsville, 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 Mannsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mannsville is $129,439, with the highest and lowest median tax bills both being $460 in the 73447 zip code.
Average Mannsville Assessed Value
$129,439
Average Carter County Assessed Value
$117,168
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | $129,439 | $129,439 | $129,439 | $129,439 | $129,439 |
Source: Ownwell
Property Tax Bills Across Mannsville, Oklahoma
In Mannsville, located in Carter County, OK, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this assessed value. Homeowners in Mannsville experience a median property tax rate of 0.36%, significantly lower than the national median property tax rate of 0.99%. For instance, with a median home price of $129,439, the typical tax bill comes out to approximately $460 annually. This amount remains consistent across various percentiles, including the 25th, 75th, and 90th, highlighting a uniform tax structure within the region. Several factors influence the property tax bill, including the assessed value of the property, local government budgets, and specific exemptions or deductions that may apply. For homeowners, this relatively low property tax rate can mean substantial savings compared to other regions, making Mannsville an attractive location for those looking to minimize their annual tax expenses. This financial benefit can have a positive impact on household budgets, allowing residents to allocate funds to other necessities or investments.
Average Mannsville Tax Bill
$460
Average Carter County Tax Bill
$941
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | $460 | $460 | $460 | $460 | $460 |
Source: Ownwell