Nash, Grant County, Oklahoma Property Taxes
The median property tax rate in NASH, OK is 0.59%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in NASH at $97,112, the typical annual property tax bill reaches $494, significantly below the national median of $2,690. Property taxes in NASH are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding NASH'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 NASH or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nash, Grant County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$573
$532
Ownwell’s NASH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NASH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NASH 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 Nash, Grant County, Oklahoma
Property taxes in Nash, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nash is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Nash set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nash 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 Nash's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73761 has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Nash 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 Nash Tax Rate
0.59%
Average Grant County Tax Rate
0.60%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nash, Grant County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | 0.27% | 0.39% | 0.59% | 0.75% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Nash, Grant County, Oklahoma
In NASH, 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 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 NASH, 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 NASH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In NASH, the highest median tax bill is $494 in the 73761 zip code, which is significantly lower than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Nash, Grant County, Oklahoma
Source: Ownwell
$69,612
$123,583
$177,554
Average Nash Assessed Value
$97,112
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 Nash, Grant County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | $28,388 | $53,492 | $97,112 | $149,015 | $208,280 |
Source: Ownwell
Property Tax Bills Across Nash, Grant County, Oklahoma
In NASH, located in Grant 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 this area is $97,112. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $246 and the 75th percentile reaching $926. For those at the 90th percentile, tax bills can go as high as $1,702. Several factors influence the final tax bill, including property location, improvements, and exemptions. Homeowners in the zip code 73761 experience a median tax bill of $494, which is the highest in the county. These variations affect homeowners differently, impacting their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, NASH's property taxes can be relatively manageable, but individual circumstances will vary widely. Understanding these factors helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Nash Tax Bill
$494
Average Grant County Tax Bill
$460
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Nash, Grant County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73761 | $125 | $246 | $494 | $926 | $1,702 |
Source: Ownwell