Coyle, Logan County, Oklahoma Property Taxes
The median property tax rate in Coyle, OK is 0.68%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Coyle at $63,255, the typical annual property tax bill amounts to $328, well below the national median of $2,690. Property taxes in Coyle are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Coyle'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 Coyle or another part of Logan County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coyle, Logan County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$430
$399
Ownwell’s Coyle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coyle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coyle 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 Coyle, Logan County, Oklahoma
Property taxes in Coyle, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coyle is 0.68%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Coyle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coyle 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 Coyle's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73027 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Coyle provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coyle Tax Rate
0.68%
Average Logan County Tax Rate
0.98%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coyle, Logan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73027 | 0.25% | 0.46% | 0.68% | 0.83% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Coyle, Logan County, Oklahoma
In Coyle, 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 Logan 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. Being aware of these valuation processes in Coyle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 73027 in Coyle has both the highest and lowest median tax bills at $328.
Property Tax Assessment Values Across Coyle, Logan County, Oklahoma
Source: Ownwell
$45,774
$190,891
$336,008
Average Coyle Assessed Value
$63,255
Average Logan County Assessed Value
$165,842
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coyle, Logan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73027 | $16,536 | $30,089 | $63,255 | $127,630 | $210,895 |
Source: Ownwell
Property Tax Bills Across Coyle, Logan County, Oklahoma
In Coyle, Logan County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Coyle is $63,255, and property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. Homeowners in Coyle see a range of tax bills, with the 25th percentile paying around $154 annually and the 75th percentile paying approximately $817. Those at the 90th percentile experience tax bills as high as $1,695. Despite these variations, the median tax bill remains consistent at $328, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services, such as schools and public safety, directly impacting the community's quality of life. Consequently, understanding how property taxes are calculated helps homeowners manage their finances and anticipate annual expenses.
Average Coyle Tax Bill
$328
Average Logan County Tax Bill
$1,451
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Coyle, Logan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73027 | $71 | $154 | $328 | $817 | $1,695 |
Source: Ownwell