Rose, Oklahoma Property Taxes
The median property tax rate in Rose, Oklahoma is 0.61%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $111,750 in Rose, the typical annual property tax bill amounts to $671, which is well below the national median of $2,690. Property taxes in Rose are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Rose’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 Rose or another part of Delaware County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rose, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$682
Ownwell’s ROSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROSE 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 Rose, Oklahoma
Property taxes in Rose, Oklahoma, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rose is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within Rose set these rates annually, and they can vary across different neighborhoods. Each year, Rose 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 Rose's effective property tax rate to other areas in Delaware County and the national median. For comparison, the zip code 74364 has the highest median property tax rate of 0.61%, while the lowest median tax rate is also 0.61%. Understanding how these areas compare with Rose provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rose Tax Rate
0.61%
Average Delaware County Tax Rate
0.78%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74364 | 0.33% | 0.49% | 0.61% | 0.80% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Rose, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in ROSE, Oklahoma. 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 Delaware 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 ROSE, 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. For instance, the median home price in ROSE is $111,750, with tax bills ranging from $311 at the 25th percentile to $2,078 at the 90th percentile. The zip code 74364 has the highest median tax bill at $671, which is also the lowest median tax bill in the area. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Rose Assessed Value
$111,750
Average Delaware County Assessed Value
$141,764
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rose, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74364 | $16,252 | $55,447 | $111,750 | $183,282 | $298,136 |
Source: Ownwell
Property Tax Bills Across Rose, Oklahoma
In Rose, located in Delaware County, OK, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. For instance, the median home price in Rose is $111,750. Property taxes are then levied using a rate set by local taxing authorities. The tax bill can vary significantly, with the 25th percentile at $311 and the 75th percentile reaching $1,156. At the high end, the 90th percentile sees tax bills of up to $2,078. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Rose experience a range of tax burdens, which can impact their financial planning and housing affordability. Compared to the national median property tax rate of 0.99%, Rose's tax rates reflect the local economic conditions and public service needs. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Rose Tax Bill
$671
Average Delaware County Tax Bill
$1,031
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74364 | $112 | $311 | $671 | $1,156 | $2,078 |
Source: Ownwell