Soper, Oklahoma Property Taxes
The median property tax rate in Soper, OK is 0.58%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $68,411 in Soper, the typical annual property tax bill amounts to $325, well below the national median of $2,690. Property taxes in Soper are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Soper'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 Soper or another part of Choctaw County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Soper, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$397
Ownwell’s Soper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soper 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 Soper, Oklahoma
Property taxes in Soper, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soper is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Soper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soper 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 Soper's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74759 zip code has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these areas compare with Soper provides valuable insights into the varying tax landscape across Choctaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Soper Tax Rate
0.58%
Average Choctaw County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soper, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74759 | 0.19% | 0.37% | 0.58% | 0.79% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Soper, Oklahoma
In Soper, 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 Choctaw 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 Soper, 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 Soper helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Soper are both $325, found in the 74759 zip code.
Average Soper Assessed Value
$68,411
Average Choctaw County Assessed Value
$60,068
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Soper, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74759 | $14,386 | $34,422 | $68,411 | $106,824 | $151,360 |
Source: Ownwell
Property Tax Bills Across Soper, Oklahoma
In Soper, located in Choctaw County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Soper is $68,411. Property tax rates are applied to the assessed value to determine the tax bill. For instance, the median property tax bill in Soper is $325, with the 25th percentile at $140 and the 75th percentile at $654. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Soper benefit from relatively low property tax rates compared to the national median of 0.99%. This lower tax burden can make homeownership more affordable, potentially increasing the attractiveness of the area for buyers. However, the exact amount can vary significantly based on the specific valuation and any changes in local tax policies.
Average Soper Tax Bill
$325
Average Choctaw County Tax Bill
$370
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Soper, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74759 | $2 | $140 | $325 | $654 | $1,041 |
Source: Ownwell