Amber, Oklahoma Property Taxes
The median property tax rate in Amber, OK is 0.66%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Amber at $15,805, the typical annual property tax bill reaches $104, significantly below the national median of $2,690. Property taxes in Amber 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 Amber'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 Amber 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
Amber, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$104
Ownwell’s Amber Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amber with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amber 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 Amber, Oklahoma
Property taxes in Amber, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amber is 0.66%, lower than the U.S. national median of 0.99%. Local government entities within Amber set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amber 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 Amber's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 73004 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Amber provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amber Tax Rate
0.66%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amber, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73004 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Amber, Oklahoma
In Amber, 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 McIntosh 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 Amber, 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. Notably, the zip code 73004 has both the highest and lowest median tax bills, amounting to $104. 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 Amber helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Amber Assessed Value
$15,805
Average Mcintosh County Assessed Value
$81,769
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amber, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73004 | $15,805 | $15,805 | $15,805 | $15,805 | $15,805 |
Source: Ownwell
Property Tax Bills Across Amber, Oklahoma
In Amber, located in McIntosh County, Oklahoma, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, which is determined by the county assessor. Factors such as the property's location, size, and condition play a significant role in determining its assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Amber, the median home price is $15,805, and the typical property tax bill hovers around $104, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can be a relief for homeowners, making Amber an attractive place for property investment. However, it's crucial for homeowners to stay informed about their property's assessed value and any potential changes in local tax rates, as these factors directly impact their annual tax obligations.
Average Amber Tax Bill
$104
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Amber, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73004 | $104 | $104 | $104 | $104 | $104 |
Source: Ownwell