Langley, Mayes County, Oklahoma Property Taxes
The median property tax rate in Langley, OK is 0.67%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $63,166 in Langley, the typical annual property tax bill amounts to $404, significantly below the national median of $2,690. Property taxes in Langley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Langley'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 Langley 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
Langley, Mayes County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$423
$393
Ownwell’s Langley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langley 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 Langley, Mayes County, Oklahoma
Property taxes in Langley, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Langley is 0.67%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Langley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langley 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 Langley's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74350 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Langley provides valuable insights into the varying tax landscape across Mayes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Langley Tax Rate
0.67%
Average Mayes County Tax Rate
0.66%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Langley, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74350 | 0.34% | 0.59% | 0.67% | 0.78% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Langley, Mayes County, Oklahoma
In Langley, 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 Mayes 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 Langley, 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 Langley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 74350, amounting to $404, while the lowest median tax bill is also $404 in the same zip code.
Property Tax Assessment Values Across Langley, Mayes County, Oklahoma
Source: Ownwell
$63,166
$311,123
$559,080
Average Langley Assessed Value
$63,166
Average Mayes County Assessed Value
$160,424
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Langley, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74350 | $26,611 | $34,928 | $63,166 | $83,719 | $160,814 |
Source: Ownwell
Property Tax Bills Across Langley, Mayes County, Oklahoma
In Langley, located in Mayes County, OK, property tax bills are calculated based on the assessed value of the 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. For homeowners, this means that the higher the assessed value of their property, the higher their tax bill will be. Several factors influence the assessed value, including property size, location, and market conditions. For instance, in Langley, the median home price is $63,166. Homeowners can expect tax bills to vary significantly, with the 25th percentile at $188 and the 75th percentile reaching $702. At the 90th percentile, tax bills can go up to $954. This variation shows how property characteristics and market trends can impact tax obligations. Compared to the national median property tax rate of 0.99%, Langley's tax rates offer a relatively affordable option for homeowners, making it a financially appealing place to own property.
Average Langley Tax Bill
$404
Average Mayes County Tax Bill
$998
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Langley, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74350 | $142 | $188 | $404 | $702 | $954 |
Source: Ownwell