Council Hill, Oklahoma Property Taxes
The median property tax rate in Council Hill, OK is 0.87%, 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 Council Hill at $86,621, the typical annual property tax bill is $642, well below the national median of $2,690. Property taxes in Council Hill are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Council Hill'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 Council Hill or another part of McIntosh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Council Hill, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$754
Ownwell’s Council Hill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Council Hill with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Council Hill to provide an estimated property tax bill. This valuable tool offers a clear understanding of potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by McIntosh County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Council Hill, Oklahoma
Property taxes in Council Hill, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Council Hill is 0.87%, which is below the U.S. national median of 0.99%. Local government entities within Council Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Council Hill 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 Council Hill's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74428 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Council Hill 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 Council Hill Tax Rate
0.87%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Council Hill, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74428 | 0.45% | 0.70% | 0.87% | 0.99% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Council Hill, Oklahoma
In Council Hill, 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 Appraisal District 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. Assessment notices in Council Hill 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. The median home price in Council Hill is $86,621, with tax bills ranging from $340 at the 25th percentile to $1,788 at the 90th percentile. Notably, the zip code 74428 has the highest median tax bill at $642. By understanding 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 Council Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Council Hill Assessed Value
$86,621
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 Council Hill, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74428 | $23,602 | $43,115 | $86,621 | $144,367 | $197,288 |
Source: Ownwell
Property Tax Bills Across Council Hill, Oklahoma
In Council Hill, located in McIntosh County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that a higher market value results in a higher assessed value, and consequently, a higher property tax bill. The median home price in Council Hill is $86,621, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the market value of the home, local tax rates, and any applicable exemptions or deductions. Homeowners in Council Hill experience a range of property tax bills, with the 25th percentile paying around $340 annually and the 75th percentile paying up to $1,193. For those at the 90th percentile, the tax bill can reach $1,788. Compared to the national median property tax rate of 0.99%, Council Hill’s property taxes provide a significant consideration for homeowners budgeting for annual expenses.
Average Council Hill Tax Bill
$642
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Council Hill, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74428 | $170 | $340 | $642 | $1,193 | $1,788 |
Source: Ownwell