Warner, Oklahoma Property Taxes
The median property tax rate in Warner, OK is 0.66%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Warner, the typical annual property tax bill is $596, well below the national median of $2,690. Property taxes in Warner 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 Warner'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 Warner or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warner, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$602
-$6,314
Ownwell’s Warner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warner 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 Warner, Oklahoma
Property taxes in Warner, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warner is 0.66%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Warner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warner 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 Warner's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74469 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Warner 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 Warner Tax Rate
0.66%
Average Muskogee County Tax Rate
0.91%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warner, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74469 | 0.35% | 0.51% | 0.66% | 0.87% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Warner, Oklahoma
In Warner, 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 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 Warner, 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 Warner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $596, found in the 74469 zip code.
Average Warner Assessed Value
$91,285
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 Warner, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74469 | $33,839 | $54,094 | $91,285 | $150,974 | $206,985 |
Source: Ownwell
Property Tax Bills Across Warner, Oklahoma
In Warner, located in Muskogee County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For Warner, the median home price is $91,285. Homeowners in this area can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is $304, while at the 75th percentile, it rises to $1,023, and at the 90th percentile, it can reach as high as $1,575. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life in Warner. Compared to the national median property tax rate of 0.99%, Warner's tax bills reflect the community's specific needs and values, providing a tailored approach to local governance and public service funding. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Warner Tax Bill
$596
Average Muskogee County Tax Bill
$663
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Warner, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74469 | $135 | $304 | $596 | $1,023 | $1,575 |
Source: Ownwell