Ringling, Jefferson County, Oklahoma Property Taxes
The median property tax rate in Ringling, OK is 0.91%, which is slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $39,478 in Ringling, the typical annual property tax bill is $339, significantly below the national median of $2,690. Property taxes in Ringling are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ringling'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 Ringling or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ringling, Jefferson County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$359
$333
Ownwell’s Ringling Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ringling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ringling to project your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Jefferson County for tax purposes, reflects the value used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Ringling, Jefferson County, Oklahoma
Property taxes in Ringling, Oklahoma, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Ringling is 0.75%, which is lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Ringling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ringling 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 Ringling's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73456 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Ringling provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ringling Tax Rate
0.91%
Average Jefferson County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ringling, Jefferson County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73456 | 0.61% | 0.76% | 0.91% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Ringling, Jefferson County, Oklahoma
In Ringling, 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 Jefferson 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 Ringling, 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 Ringling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ringling both fall at $339, specifically in the zip code 73456.
Property Tax Assessment Values Across Ringling, Jefferson County, Oklahoma
Source: Ownwell
$33,098
$53,306
$73,514
Average Ringling Assessed Value
$39,478
Average Jefferson County Assessed Value
$43,058
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ringling, Jefferson County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73456 | $14,170 | $22,124 | $39,478 | $80,166 | $164,586 |
Source: Ownwell
Property Tax Bills Across Ringling, Jefferson County, Oklahoma
In Ringling, located in Jefferson 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 Ringling is $39,478. The tax rate is applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile of tax bills pay around $183 annually, while those in the 75th percentile pay approximately $694. The 90th percentile sees tax bills as high as $1,491. These figures are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ringling's tax rates can significantly impact homeowners, especially those in higher-value homes. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Ringling Tax Bill
$339
Average Jefferson County Tax Bill
$362
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ringling, Jefferson County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73456 | $108 | $183 | $339 | $694 | $1,491 |
Source: Ownwell