Nardin, Oklahoma Property Taxes
The median property tax rate in Nardin, OK is 0.76%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Nardin at $116,074, the typical annual property tax bill is about $790, significantly below the national median of $2,690. Property taxes in Nardin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nardin'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 Nardin or another part of Grant County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nardin, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$882
-$9,245
Ownwell’s Nardin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nardin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nardin 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 Nardin, Oklahoma
Property taxes in Nardin, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nardin is 0.76%, lower than the U.S. national median of 0.99%. Local government entities within Nardin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nardin 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 Nardin's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the ZIP code 74646 has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Nardin provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nardin Tax Rate
0.76%
Average Grant County Tax Rate
0.60%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nardin, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74646 | 0.58% | 0.65% | 0.76% | 0.82% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Nardin, Oklahoma
In Nardin, 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 Grant 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 Nardin, 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 Nardin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 74646 has the highest median tax bill of $790, which is also the lowest in the area.
Average Nardin Assessed Value
$116,074
Average Grant County Assessed Value
$83,486
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nardin, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74646 | $30,751 | $68,080 | $116,074 | $164,406 | $192,421 |
Source: Ownwell
Property Tax Bills Across Nardin, Oklahoma
In Nardin, located in Grant County, OK, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by the local assessor's office. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. For instance, the median home price in Nardin is $116,074, and the tax bills can vary significantly. Homeowners in the 25th percentile pay around $567, while those in the 75th percentile see bills of approximately $1,215. At the 90th percentile, the tax bill rises to about $1,350. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Nardin's property tax rates can be considered relatively moderate, providing essential community benefits without being overly burdensome.
Average Nardin Tax Bill
$790
Average Grant County Tax Bill
$460
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Nardin, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74646 | $369 | $567 | $790 | $1,215 | $1,350 |
Source: Ownwell