Bristow, Oklahoma Property Taxes
The median property tax rate in Bristow, OK is 0.81%, 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 $105,200 in Bristow, the typical annual property tax bill amounts to $783, significantly less than the national median of $2,690. Property taxes in Bristow are calculated based on the tax assessed value, which is often below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Bristow'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 Bristow or another part of Creek County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bristow, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$852
Ownwell’s BRISTOW Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in BRISTOW with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BRISTOW to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bristow, Oklahoma
Property taxes in Bristow, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bristow is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Bristow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bristow 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 Bristow's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74010 zip code has both the highest and lowest median property tax rate of 0.81%. Understanding how these areas compare with Bristow provides valuable insights into the varying tax landscape across Creek County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bristow Tax Rate
0.81%
Average Creek County Tax Rate
0.88%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bristow, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74010 | 0.41% | 0.59% | 0.81% | 0.99% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Bristow, Oklahoma
In Bristow, 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 Creek 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 Bristow, 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 Bristow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bristow, the highest median tax bill is $783.00 in zip code 74010, which is significantly lower than the national median property tax rate of 0.99%.
Average Bristow Assessed Value
$105,200
Average Creek County Assessed Value
$130,263
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bristow, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74010 | $35,230 | $61,282 | $105,200 | $180,222 | $283,849 |
Source: Ownwell
Property Tax Bills Across Bristow, Oklahoma
Property tax bills in Bristow, located in Creek County, OK, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Bristow is $105,200. To determine the tax bill, local tax rates are applied to the assessed value, reflecting the funding needs of public services like schools and infrastructure. Homeowners in Bristow can expect a range of tax bills. The 25th percentile tax bill is around $413, while the 75th percentile reaches up to $1,511. For those at the higher end, the 90th percentile tax bill can be as much as $2,510. The median tax bill in the area is $783, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable, but it also means fewer resources for community services. Understanding these factors helps homeowners plan their finances and anticipate annual property tax expenses.
Average Bristow Tax Bill
$783
Average Creek County Tax Bill
$1,080
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Bristow, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74010 | $210 | $413 | $783 | $1,511 | $2,510 |
Source: Ownwell