Weleetka, Oklahoma Property Taxes
The median property tax rate in Weleetka, OK is 0.43%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Weleetka at $37,593, the typical annual property tax bill is approximately $154, well below the national median of $2,690. Property taxes in Weleetka are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Weleetka'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 Weleetka or another part of McIntosh County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weleetka, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$162
Ownwell’s Weleetka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weleetka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weleetka 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 Weleetka, Oklahoma
Property taxes in Weleetka, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weleetka is 0.43%, significantly lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Weleetka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weleetka 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 Weleetka's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74880 zip code has the highest median property tax rate of 0.43%, while the same zip code has the lowest median tax rate of 0.43%. Understanding how these cities compare with Weleetka 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 Weleetka Tax Rate
0.43%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weleetka, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74880 | 0.33% | 0.42% | 0.43% | 0.45% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Weleetka, Oklahoma
In Weleetka, 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's Office 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 Weleetka, 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 Weleetka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Weleetka are both $154, found in the zip code 74880.
Average Weleetka Assessed Value
$37,593
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 Weleetka, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74880 | $13,261 | $25,127 | $37,593 | $58,004 | $147,089 |
Source: Ownwell
Property Tax Bills Across Weleetka, Oklahoma
In Weleetka, located in McIntosh County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For instance, with a median home price of $37,593, the tax bill can vary significantly. The 25th percentile tax bill is around $112, while the 75th percentile reaches up to $157. For those at the higher end, the 90th percentile tax bill can be as high as $593. These tax bills are influenced by various factors, including local tax rates and any applicable exemptions. The highest and lowest median tax bills in the area are both reported at $154, indicating a relatively stable tax environment. Compared to the national median property tax rate of 0.99%, homeowners in Weleetka benefit from lower property tax bills, which can be a significant factor in home affordability and overall living costs. This lower tax burden can make homeownership more accessible and financially manageable for residents.
Average Weleetka Tax Bill
$154
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Weleetka, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74880 | $63 | $112 | $154 | $157 | $593 |
Source: Ownwell