Battiest, Oklahoma Property Taxes
The median property tax rate in Battiest, OK is 0.91%, 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 Battiest at $71,570, the typical annual property tax bill is $654, significantly below the national median of $2,690. Property taxes in Battiest are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Battiest'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 Battiest or another part of McCurtain County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Battiest, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$651
Ownwell’s Battiest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Battiest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Battiest 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 Battiest, Oklahoma
Property taxes in Battiest, Oklahoma, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Battiest is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Battiest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Battiest 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 Battiest's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74722 has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Battiest provides valuable insights into the varying tax landscape across McCurtain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Battiest Tax Rate
0.91%
Average Mccurtain County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Battiest, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74722 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Battiest, Oklahoma
In Battiest, 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 McCurtain 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. In Battiest, 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. For example, the median home price in Battiest is $71,570. The tax bill can vary significantly, with the 25th percentile at $584 and the 75th percentile at $723. The highest and lowest median tax bills are both $654, found in the 74722 zip code. 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 Battiest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Battiest Assessed Value
$71,570
Average Mccurtain County Assessed Value
$64,043
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Battiest, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74722 | $59,441 | $63,990 | $71,570 | $79,150 | $83,699 |
Source: Ownwell
Property Tax Bills Across Battiest, Oklahoma
In Battiest, McCurtain County, OK, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. This assessed value is then multiplied by the county's tax rate to calculate the annual tax bill. For homeowners in Battiest, the median home price is $71,570, and property tax bills can vary significantly. The tax bill at the 25th percentile is $584, while at the 75th percentile, it rises to $723. At the 90th percentile, homeowners might pay around $764. These figures show that even within the same area, tax bills can differ based on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Battiest offers relatively affordable property taxes, which can be a significant factor for homeowners considering their overall expenses. Lower property tax bills can provide financial relief and potentially increase the attractiveness of owning property in this region.
Average Battiest Tax Bill
$654
Average Mccurtain County Tax Bill
$440
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Battiest, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74722 | $543 | $584 | $654 | $723 | $764 |
Source: Ownwell