Rosston, Oklahoma Property Taxes
The median property tax rate in Rosston, OK is 0.66%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Rosston at $94,068, the typical annual property tax bill amounts to $640, well below the national median of $2,690. Property taxes in Rosston 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 Rosston'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 Rosston 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
Rosston, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$621
Ownwell’s Rosston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosston 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 Rosston, Oklahoma
Property taxes in Rosston, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosston is 0.66%, notably lower than the U.S. national median of 0.99%. Local government entities within Rosston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosston 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 Rosston's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73855 has both the highest and lowest median property tax rate in the area, standing at 0.66%. Understanding how these cities compare with Rosston provides valuable insights into the varying tax landscape across Harper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosston Tax Rate
0.66%
Average Harper County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73855 | 0.59% | 0.61% | 0.66% | 0.70% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Rosston, Oklahoma
In Rosston, 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 Harper 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 Rosston, 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 Rosston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $640 in the zip code 73855, reflecting the uniformity in property tax assessments within the area.
Average Rosston Assessed Value
$94,068
Average Harper County Assessed Value
$57,434
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73855 | $75,893 | $82,709 | $94,068 | $105,428 | $112,244 |
Source: Ownwell
Property Tax Bills Across Rosston, Oklahoma
In Rosston, located in Harper 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 Rosston is $94,068. The property tax rate is applied to this assessed value to determine the annual tax bill. For example, at the 25th percentile, homeowners can expect a tax bill of around $523, while at the 75th percentile, the bill rises to approximately $758. The highest median tax bill recorded in the area is $640, which is consistent across the zip code 73855. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life in Rosston. Compared to the national median property tax rate of 0.99%, Rosston's rates offer a relatively affordable option for homeowners, ensuring that they contribute to community services without facing excessively high property taxes.
Average Rosston Tax Bill
$640
Average Harper County Tax Bill
$402
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosston, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73855 | $453 | $523 | $640 | $758 | $828 |
Source: Ownwell