Shidler, Oklahoma Property Taxes
The median property tax rate in Shidler, OK is 0.95%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Shidler at $81,277, the typical annual property tax bill amounts to $758, which is significantly below the national median of $2,690. Property taxes in Shidler 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 Shidler'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 Shidler 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
Shidler, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$772
$717
Ownwell’s Shidler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shidler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shidler 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 Shidler, Oklahoma
Property taxes in Shidler, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shidler is 0.95%, which is lower than the U.S. national median of 0.99%. Local government entities within Shidler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shidler 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 Shidler's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74652 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Shidler provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shidler Tax Rate
0.95%
Average Kay County Tax Rate
0.75%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shidler, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74652 | 0.70% | 0.77% | 0.95% | 1.02% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Shidler, Oklahoma
In Shidler, 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 Kay 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 Shidler, 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 Shidler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shidler are both $758, found in the 74652 zip code.
Average Shidler Assessed Value
$81,277
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 Shidler, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74652 | $46,053 | $75,063 | $81,277 | $99,080 | $182,635 |
Source: Ownwell
Property Tax Bills Across Shidler, Oklahoma
In Shidler, located in Kay County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate, or millage rate, is applied to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Shidler, the median home price is $81,277. Property tax bills can vary significantly, with the 25th percentile tax bill at $594 and the 75th percentile tax bill at $1,126. At the 90th percentile, tax bills can reach up to $1,588. The highest and lowest median tax bills in the area are both $758, specifically in the 74652 zip code. Compared to the national median property tax rate of 0.99%, Shidler's property tax rates can offer a more affordable option for homeowners, depending on the specific assessed value and applicable exemptions.
Average Shidler Tax Bill
$758
Average Kay County Tax Bill
$552
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Shidler, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74652 | $469 | $594 | $758 | $1,126 | $1,588 |
Source: Ownwell