Henryetta, Mcintosh County, Oklahoma Property Taxes
The median property tax rate in Henryetta, OK is 0.71%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $58,633 in Henryetta, the typical annual property tax bill is approximately $392, well below the national median of $2,690. Property taxes in Henryetta are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Henryetta'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 Henryetta or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Henryetta, Mcintosh County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$416
$386
Ownwell’s Henryetta Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with a quick and easy way to estimate their annual property taxes in Henryetta. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Henryetta to give you a clear picture of your potential tax bill. This valuable tool is designed to help you understand your tax liabilities better. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Henryetta, Mcintosh County, Oklahoma
Property taxes in Henryetta, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henryetta is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Henryetta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henryetta 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 Henryetta's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74437 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Henryetta 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 Henryetta Tax Rate
0.71%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henryetta, Mcintosh County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74437 | 0.37% | 0.56% | 0.71% | 0.97% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Henryetta, Mcintosh County, Oklahoma
In Henryetta, 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 Henryetta, 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 Henryetta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $58,633, with the 25th percentile tax bill at $200 and the 75th percentile at $826. The highest and lowest median tax bills, both at $392, are found in zip code 74437.
Property Tax Assessment Values Across Henryetta, Mcintosh County, Oklahoma
Source: Ownwell
$39,757
$87,108
$134,458
Average Henryetta Assessed Value
$58,633
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 Henryetta, Mcintosh County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74437 | $8,060 | $25,220 | $58,633 | $93,215 | $157,042 |
Source: Ownwell
Property Tax Bills Across Henryetta, Mcintosh County, Oklahoma
In Henryetta, 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. The median home price in Henryetta is $58,633. Property taxes are determined by multiplying the assessed value by the local tax rate. For instance, homeowners in the 25th percentile can expect a tax bill around $200, while those in the 75th percentile might see a bill closer to $826. At the 90th percentile, the tax bill can reach up to $1,305. Several factors influence the tax bill, including the property's market value, the assessment ratio, and the local tax rate. These taxes fund essential community services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Henryetta offers relatively affordable property taxes. This affordability can be a significant advantage for homeowners, making it easier to manage yearly expenses and invest in their property.
Average Henryetta Tax Bill
$392
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Henryetta, Mcintosh County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74437 | $91 | $200 | $392 | $826 | $1,305 |
Source: Ownwell