Atoka, Coal County, Oklahoma Property Taxes
The median property tax rate in Atoka, OK is 0.77%, which is lower than both the national median of 0.99% and Oklahoma's state median of 0.97%. With the median home value in Atoka at $42,769, the typical annual property tax bill comes to $307, significantly below the national median of $2,690. Property taxes in Atoka are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Atoka's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Atoka or another part of Coal County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Atoka, Coal County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$329
$306
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, Coal County, Oklahoma
Property taxes in Atoka, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atoka is 0.77%, which is lower than 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. Understanding how Atoka compares with other regions provides valuable insights into the varying tax landscape across Coal County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atoka Tax Rate
0.77%
Average Coal County Tax Rate
0.60%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atoka, Coal County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74525 | 0.57% | 0.67% | 0.77% | 0.89% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Atoka, Coal 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 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 Atoka, 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 found in the 74525 zip code, amounting to $307, while the lowest median tax bill is also $307 in the same zip code.
Property Tax Assessment Values Across Atoka, Coal County, Oklahoma
Source: Ownwell
$42,769
$84,013
$125,256
Average Atoka Assessed Value
$42,769
Average Coal County Assessed Value
$69,824
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atoka, Coal County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74525 | $13,209 | $25,442 | $42,769 | $58,033 | $91,482 |
Source: Ownwell
Property Tax Bills Across Atoka, Coal County, Oklahoma
In Atoka, located in Coal County, OK, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. The median home price in Atoka is $42,769. Property taxes are determined by multiplying the assessed value by the local tax rate. For homeowners in Atoka, tax bills can vary significantly. The 25th percentile tax bill is $139, while the 75th percentile tax bill is $391, and the 90th percentile tax bill reaches up to $746. These tax bills reflect the varying values of properties within the region. The highest median tax bill recorded in the area is $307, which is consistent across the zip code 74525. Compared to the national median property tax rate of 0.99%, Atoka's property taxes are relatively lower, making it a more affordable place for homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Atoka Tax Bill
$307
Average Coal County Tax Bill
$407
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Atoka, Coal County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74525 | $118 | $139 | $307 | $391 | $746 |
Source: Ownwell