Whitesboro, Oklahoma Property Taxes
The median property tax rate in Whitesboro, OK is 0.57%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Whitesboro at $82,089, the typical annual property tax bill reaches $436, falling significantly below the national median of $2,690. Property taxes in Whitesboro 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 Whitesboro'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 Whitesboro 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
Whitesboro, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$468
Ownwell’s Whitesboro Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Whitesboro with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Whitesboro to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Whitesboro, Oklahoma
Property taxes in Whitesboro, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitesboro is 0.57%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Whitesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitesboro 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 Whitesboro's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74577 zip code has the highest median property tax rate of 0.57%, while the 74577 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Whitesboro provides valuable insights into the varying tax landscape across Le Flore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitesboro Tax Rate
0.57%
Average Le Flore County Tax Rate
0.80%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitesboro, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74577 | 0.34% | 0.45% | 0.57% | 0.69% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Whitesboro, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Whitesboro, Oklahoma. 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 Le Flore 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 Whitesboro, 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 Whitesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $436.00, found in the 74577 zip code.
Average Whitesboro Assessed Value
$82,089
Average Le Flore County Assessed Value
$72,264
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitesboro, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74577 | $39,416 | $56,845 | $82,089 | $106,505 | $172,389 |
Source: Ownwell
Property Tax Bills Across Whitesboro, Oklahoma
In Whitesboro, Le Flore County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and any applicable exemptions play a significant role in the calculation. For example, a median home price in Whitesboro is $82,089, and homeowners can expect tax bills to vary widely. At the 25th percentile, tax bills are around $253, while at the 75th percentile, they reach approximately $720. The highest median tax bill in the area is $436, located in zip code 74577. These variations in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Whitesboro to understand how their local rates and assessed values affect their annual tax obligations.
Average Whitesboro Tax Bill
$436
Average Le Flore County Tax Bill
$517
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitesboro, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74577 | $184 | $253 | $436 | $720 | $961 |
Source: Ownwell