Mannsville, Oklahoma Property Taxes
The median property tax rate in Mannsville, OK is 0.70%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Mannsville at $136,862, the typical annual property tax bill is $790, significantly below the national median of $2,690. Property taxes in Mannsville 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 Mannsville'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 Mannsville 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
Mannsville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$958
Ownwell’s Mannsville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mannsville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mannsville to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Mannsville, Oklahoma
Property taxes in Mannsville, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mannsville is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Mannsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mannsville 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 Mannsville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73447 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Mannsville provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Mannsville Tax Rate
0.70%
Average Marshall County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | 0.45% | 0.54% | 0.70% | 0.86% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Mannsville, Oklahoma
In Mannsville, 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 Marshall 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 Mannsville, 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 Mannsville 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 $790, found in the zip code 73447.
Average Mannsville Assessed Value
$136,862
Average Marshall County Assessed Value
$105,283
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | $94,093 | $110,132 | $136,862 | $163,592 | $179,631 |
Source: Ownwell
Property Tax Bills Across Mannsville, Oklahoma
In Mannsville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value. Once the assessed value is determined, the local tax rate is applied to calculate the annual property tax bill. The median home price in Mannsville is $136,862, and the tax rate in Marshall County is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Mannsville can expect a property tax bill that varies depending on their property's value. For instance, the tax bill at the 25th percentile is around $762, while at the 75th percentile, it is approximately $817. The tax bill at the 90th percentile reaches about $834. These tax bills impact homeowners by contributing to the overall cost of owning a home, influencing decisions on purchasing and maintaining property in the area.
Average Mannsville Tax Bill
$790
Average Marshall County Tax Bill
$670
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mannsville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73447 | $745 | $762 | $790 | $817 | $834 |
Source: Ownwell