Purcell, Oklahoma Property Taxes
The median property tax rate in Purcell, OK is 0.78%, 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 $53,345 in Purcell, the typical annual property tax bill amounts to $415, significantly less than the national median of $2,690. Property taxes in Purcell are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Purcell'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 Purcell or another part of McIntosh County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Purcell, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$416
Ownwell’s Purcell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purcell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purcell 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 Purcell, Oklahoma
Property taxes in Purcell, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purcell is 0.78%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Purcell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purcell 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 Purcell's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73080 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Purcell 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 Purcell Tax Rate
0.78%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purcell, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73080 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Purcell, Oklahoma
In Purcell, 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 Purcell, 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 Purcell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $415 in the 73080 zip code.
Average Purcell Assessed Value
$53,345
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 Purcell, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73080 | $53,345 | $53,345 | $53,345 | $53,345 | $53,345 |
Source: Ownwell
Property Tax Bills Across Purcell, Oklahoma
In Purcell, located in McIntosh County, OK, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The city uses a uniform tax rate applied to this assessed value to determine the annual tax bill. For homeowners in Purcell, the median home price is $53,345, and the property tax rate is 0.99%, aligning with the national median property tax rate. Several factors influence the final tax bill, including property improvements, changes in market conditions, and local government budgets. For instance, if the assessed value of a home is $53,345, the tax bill would be approximately $415 annually. This figure is consistent across various percentiles, indicating a stable tax rate within the region. Homeowners in Purcell benefit from relatively predictable property tax bills, allowing for better financial planning. Despite variations in home values, the uniformity in tax bills helps maintain an equitable system for all residents.
Average Purcell Tax Bill
$415
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Purcell, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73080 | $415 | $415 | $415 | $415 | $415 |
Source: Ownwell