Eagletown, Oklahoma Property Taxes
The median property tax rate in Eagletown, OK is 0.63%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Eagletown at $33,464, the typical annual property tax bill is $203, far below the national median of $2,690. Property taxes in Eagletown are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Eagletown'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 Eagletown or another part of McCurtain County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eagletown, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$211
Ownwell’s Eagletown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagletown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagletown 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 Eagletown, Oklahoma
Property taxes in Eagletown, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagletown is 0.63%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Eagletown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagletown 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 Eagletown's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74734 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Eagletown 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 Eagletown Tax Rate
0.63%
Average Mccurtain County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagletown, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74734 | 0.22% | 0.42% | 0.63% | 0.85% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Eagletown, Oklahoma
In Eagletown, 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 Eagletown, 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 Eagletown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74734 has both the highest and lowest median tax bill at $203, reflecting the unique property tax landscape in the area.
Average Eagletown Assessed Value
$33,464
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 Eagletown, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74734 | $13,039 | $20,526 | $33,464 | $59,023 | $115,498 |
Source: Ownwell
Property Tax Bills Across Eagletown, Oklahoma
Property tax bills in Eagletown, McCurtain County, OK, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the tax bill. In Eagletown, the median home price is $33,464. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $106 and the 75th percentile reaching $404. At the higher end, the 90th percentile tax bill is $837. These figures illustrate the range of property tax burdens faced by homeowners in the area. Compared to the national median property tax rate of 0.99%, Eagletown's property taxes are relatively modest. However, the exact impact on homeowners will depend on individual property values and the specific tax rate applied. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Eagletown Tax Bill
$203
Average Mccurtain County Tax Bill
$440
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagletown, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74734 | $39 | $106 | $203 | $404 | $837 |
Source: Ownwell