Nardin, Kay County, Oklahoma Property Taxes
The median property tax rate in Nardin, OK is 0.76%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $116,366 in Nardin, the typical annual property tax bill is $872, well below the national median of $2,690. Property taxes in Nardin are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Nardin's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in Nardin or another part of Kay County, a thorough understanding of the local property tax system is essential for optimizing your financial planning and investments.
Last Updated June 14, 2024
Nardin, Kay County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$884
$821
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, Kay County, 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 both the Oklahoma state median and 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 74646 zip code has the highest median property tax rate of 0.76%, while the 74646 zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Nardin provides valuable insights into the varying tax landscape across Kay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nardin Tax Rate
0.76%
Average Kay County Tax Rate
0.75%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nardin, Kay County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74646 | 0.42% | 0.59% | 0.76% | 0.97% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Nardin, Kay County, Oklahoma
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Nardin, OK. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Kay 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. 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. The median home price in Nardin is $116,366, with tax bills ranging significantly. For example, the highest median tax bill is $872.00 in zip code 74646, which also has the lowest median tax bill at the same amount. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Nardin, Kay County, Oklahoma
Source: Ownwell
$44,569
$99,335
$154,100
Average Nardin Assessed Value
$116,366
Average Kay County Assessed Value
$73,378
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nardin, Kay County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74646 | $32,536 | $50,773 | $116,366 | $176,218 | $211,617 |
Source: Ownwell
Property Tax Bills Across Nardin, Kay County, Oklahoma
In Nardin, Kay County, OK, property tax bills are calculated based on the assessed value of your home, which is derived from a percentage of the market value. The median home price in Nardin is $116,366. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and exemptions can influence the final amount. For instance, tax bills in the 25th percentile are around $380, while those in the 75th percentile reach approximately $1,422, and the 90th percentile can go up to $1,665. These tax bills directly impact homeowners by contributing to the funding of essential public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Nardin's tax rates can vary, providing a different financial landscape for residents. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly, ensuring they can meet their obligations without financial strain.
Average Nardin Tax Bill
$872
Average Kay County Tax Bill
$552
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Nardin, Kay County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74646 | $165 | $380 | $872 | $1,422 | $1,665 |
Source: Ownwell