Pickens, Oklahoma Property Taxes
The median property tax rate in Pickens, OK is 0.83%, 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 $30,869 in Pickens, the typical annual property tax bill is around $240, significantly below the national median of $2,690. Property taxes in Pickens are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Pickens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pickens or another part of the city, getting a grasp on the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pickens, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$256
Ownwell’s Pickens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickens 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 Pickens, Oklahoma
Property taxes in Pickens, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickens is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Pickens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickens 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 Pickens' effective property tax rate to other cities in Oklahoma and the national median. For comparison, the zip code 74752 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Pickens 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 Pickens Tax Rate
0.83%
Average Mccurtain County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickens, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74752 | 0.76% | 0.79% | 0.83% | 0.87% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Pickens, Oklahoma
In Pickens, 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's Office 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 Pickens, 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 Pickens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pickens, the highest and lowest median tax bills are both $240, found in zip code 74752.
Average Pickens Assessed Value
$30,869
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 Pickens, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74752 | $15,180 | $21,064 | $30,869 | $40,674 | $46,558 |
Source: Ownwell
Property Tax Bills Across Pickens, Oklahoma
In Pickens, McCurtain County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Pickens is $30,869. Property taxes are then derived by applying the local tax rate to this assessed value. For homeowners in Pickens, the tax bill can vary significantly. At the 25th percentile, the tax bill is $171, while at the 75th percentile, it rises to $309. Those at the 90th percentile see a tax bill of $350. Several factors influence these tax bills, including the property’s assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Pickens benefit from relatively lower tax bills. This lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes may receive less revenue. Understanding these factors can help homeowners better plan their finances and anticipate annual expenses.
Average Pickens Tax Bill
$240
Average Mccurtain County Tax Bill
$440
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickens, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74752 | $130 | $171 | $240 | $309 | $350 |
Source: Ownwell