Del City, Oklahoma Property Taxes
The median property tax rate in Del City, OK is 0.86%, 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 $161,178 in Del City, the typical annual property tax bill comes to $1,391, significantly below the national median of $2,690. Property taxes in Del City are calculated based on the assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Del City's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Del City or elsewhere in the region, familiarizing yourself with the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Del City, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,386
Ownwell’s Del City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Del City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Del City 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 Del City, Oklahoma
Property taxes in Del City, Oklahoma, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Del City is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Del City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Del City 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 Del City's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73115 has the highest median property tax rate of 0.86%, while the same zip code 73115 also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Del City 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 Del City 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 Del City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73115 | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Del City, Oklahoma
In Del City, 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 Del City, 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. The median home price in Del City is $161,178, with median tax bills ranging from $1,391 in zip code 73115. 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 Del City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Del City Assessed Value
$161,178
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 Del City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73115 | $161,178 | $161,178 | $161,178 | $161,178 | $161,178 |
Source: Ownwell
Property Tax Bills Across Del City, Oklahoma
In Del City, located in McIntosh County, Oklahoma, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the market value. Homeowners in Del City can expect a median property tax rate that may vary, but generally, the tax bills are consistent across the region. For instance, the median home price in Del City is $161,178, and the median property tax bill is $1,391, which remains the same across various percentiles. This consistency simplifies budgeting for homeowners as they can anticipate their annual tax obligations with more certainty. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Del City's property tax rate provides a relatively predictable financial landscape for homeowners. This stability in tax bills can significantly affect homeowners by offering a clear understanding of their financial responsibilities, thereby aiding in long-term financial planning.
Average Del City Tax Bill
$1,391
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Del City, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73115 | $1,391 | $1,391 | $1,391 | $1,391 | $1,391 |
Source: Ownwell