Asher, Oklahoma Property Taxes
The median property tax rate in Asher, OK is 0.86%, 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 Asher at $34,335, the typical annual property tax bill is $295, significantly below the national median of $2,690. Property taxes in Asher are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Asher'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 Asher or another part of McIntosh County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Asher, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$295
Ownwell’s Asher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Asher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Asher 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 Asher, Oklahoma
Property taxes in Asher, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Asher is 0.86%, which is below the U.S. national median of 0.99%. Local government entities within Asher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Asher 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 Asher's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74826 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these areas compare with Asher 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 Asher Tax Rate
0.86%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Asher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74826 | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Asher, Oklahoma
In Asher, 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 Asher, 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 Asher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Asher are both $295.00, specifically in the 74826 zip code.
Average Asher Assessed Value
$34,335
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 Asher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74826 | $34,335 | $34,335 | $34,335 | $34,335 | $34,335 |
Source: Ownwell
Property Tax Bills Across Asher, Oklahoma
In Asher, McIntosh County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For example, with a median home price of $34,335, the tax bill is determined by multiplying the assessed value by the local tax rate. The property tax rate in Asher is relatively low compared to the national median property tax rate of 0.99%. Factors such as property improvements, location, and overall market conditions can influence the assessed value. In Asher, the median property tax bill is $295, which remains consistent across various percentiles, indicating a stable tax environment. For homeowners, this means predictable yearly expenses, making it easier to budget for property-related costs. Low property taxes can also make homeownership more affordable and attractive, potentially boosting the local real estate market. Understanding how these factors interplay helps homeowners plan their finances effectively and make informed decisions about property investments.
Average Asher Tax Bill
$295
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Asher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74826 | $295 | $295 | $295 | $295 | $295 |
Source: Ownwell