Shattuck, Ellis County, Oklahoma Property Taxes
The median property tax rate in Shattuck, OK is 1.03%, slightly above both the national median of 0.99% and Oklahoma's state median of 0.97%. With a median home value of $61,403 in Shattuck, the typical annual property tax bill amounts to $573, which is significantly lower than the national median of $2,690. Property taxes in Shattuck are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Shattuck'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 Shattuck or another part of Ellis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shattuck, Ellis County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$632
$587
Ownwell’s Shattuck Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Shattuck with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Shattuck to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for financial planning. For those interested in trends at a neighborhood level, more localized information is available below. Your property’s assessed value is determined by Ellis County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Shattuck, Ellis County, Oklahoma
Property taxes in Shattuck, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shattuck is 0.74%, lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Shattuck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shattuck 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 Shattuck's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73858 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 Shattuck provides valuable insights into the varying tax landscape across Ellis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shattuck Tax Rate
1.03%
Average Ellis County Tax Rate
0.89%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shattuck, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73858 | 0.66% | 0.85% | 1.03% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Shattuck, Ellis County, Oklahoma
In Shattuck, 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 Ellis 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. 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 Shattuck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 73858 in Shattuck has the highest median tax bill at $573.
Property Tax Assessment Values Across Shattuck, Ellis County, Oklahoma
Source: Ownwell
$53,439
$93,547
$133,654
Average Shattuck Assessed Value
$61,403
Average Ellis County Assessed Value
$64,405
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shattuck, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73858 | $23,672 | $37,614 | $61,403 | $107,015 | $170,549 |
Source: Ownwell
Property Tax Bills Across Shattuck, Ellis County, Oklahoma
In Shattuck, located in Ellis County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The median home price here is $61,403. Homeowners can expect their tax bills to vary significantly depending on several factors, including the assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is $347, while at the 75th percentile, it rises to $1,070, and at the 90th percentile, it can reach $1,707. These tax bills are influenced by the property's assessed value, which is determined by the county assessor, and the local tax rate. The highest and lowest median tax bill in Shattuck both stand at $573. Compared to the national median property tax rate of 0.99%, Shattuck's property tax rate offers a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Shattuck Tax Bill
$573
Average Ellis County Tax Bill
$539
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Shattuck, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73858 | $207 | $347 | $573 | $1,070 | $1,707 |
Source: Ownwell