Council Hill, Oklahoma Property Taxes
The median property tax rate in Council Hill, Oklahoma is 0.56%, considerably 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 $86,074, the typical annual property tax bill reaches $467, significantly below the national median of $2,690. Property taxes in Council Hill are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the 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 Muskogee 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
0.56%
Estimate Property Tax Bill
$482
-$5,052
Ownwell’s Council Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Council Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Council Hill 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 Council Hill, Oklahoma
Property taxes in Council Hill, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Council Hill is 0.56%, which is lower than both the Oklahoma state median and 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 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Council Hill provides valuable insights into the varying tax landscape across Muskogee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Council Hill Tax Rate
0.56%
Average Muskogee County Tax Rate
0.91%
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 | 0.22% | 0.37% | 0.56% | 0.77% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Council Hill, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Council Hill, Oklahoma. 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 Muskogee 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 Council Hill, 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 Council Hill is $86,074, with tax bills ranging from $190 at the 25th percentile to $1,446 at the 90th percentile. The zip code 74428 has the highest and lowest median tax bill, both at $467. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Council Hill Assessed Value
$86,074
Average Muskogee County Assessed Value
$87,404
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 | $27,420 | $40,083 | $86,074 | $146,478 | $213,274 |
Source: Ownwell
Property Tax Bills Across Council Hill, Oklahoma
In Council Hill, located in Muskogee 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 Council Hill stands at $86,074. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors like property size, location, and improvements can influence the assessed value, thereby affecting the tax amount. Homeowners in Council Hill can expect their property tax bills to vary. For instance, the 25th percentile tax bill is $190, while the 75th percentile reaches $923. At the higher end, the 90th percentile tax bill is $1,446. These figures indicate a range of tax burdens depending on the property's assessed value and specific characteristics. Compared to the national median property tax rate of 0.99%, Council Hill offers relatively affordable property taxes, providing some financial relief to homeowners. The highest and lowest median tax bills in the area are both $467, indicating a consistent tax environment across different properties.
Average Council Hill Tax Bill
$467
Average Muskogee County Tax Bill
$663
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 | $75 | $190 | $467 | $923 | $1,446 |
Source: Ownwell