Longdale, Dewey County, Oklahoma Property Taxes
The median property tax rate in Longdale, OK is 0.74%, notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Longdale at $88,223, the typical annual property tax bill amounts to $508, significantly under the national median of $2,690. Property taxes in Longdale are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Longdale'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 Longdale or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Longdale, Dewey County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$653
$606
Ownwell’s Longdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longdale 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 Longdale, Dewey County, Oklahoma
Property taxes in Longdale, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longdale is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Longdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longdale 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 Longdale's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73755 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Longdale provides valuable insights into the varying tax landscape across Dewey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longdale Tax Rate
0.74%
Average Dewey County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longdale, Dewey County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | 0.48% | 0.62% | 0.74% | 0.88% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Longdale, Dewey County, Oklahoma
In Longdale, 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 Dewey 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 Longdale, 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. For instance, the highest median tax bill in Longdale is $508 in the 73755 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Longdale, Dewey County, Oklahoma
Source: Ownwell
$48,154
$76,899
$105,644
Average Longdale Assessed Value
$88,223
Average Dewey County Assessed Value
$78,646
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longdale, Dewey County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | $35,945 | $49,064 | $88,223 | $177,958 | $273,165 |
Source: Ownwell
Property Tax Bills Across Longdale, Dewey County, Oklahoma
In Longdale, Dewey 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 Longdale is $88,223. Local tax authorities determine the assessed value, and the tax rate is applied to this value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For homeowners in Longdale, the tax bill can vary significantly. The 25th percentile tax bill is around $282, while the 75th percentile tax bill reaches up to $1,478. At the 90th percentile, it can be as high as $2,320. The highest median tax bill in the area is $508, which is relatively low compared to the national median property tax rate of 0.99%. These taxes fund essential local services, including schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Longdale Tax Bill
$508
Average Dewey County Tax Bill
$505
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Longdale, Dewey County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73755 | $266 | $282 | $508 | $1,478 | $2,320 |
Source: Ownwell