Webbers Falls, Oklahoma Property Taxes
The median property tax rate in Webbers Falls, OK is 0.63%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Webbers Falls at $86,889, the typical annual property tax bill is $513, well below the national median of $2,690. Property taxes in Webbers Falls are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Webbers Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Webbers Falls or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Webbers Falls, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$547
-$5,737
Ownwell’s Webbers Falls Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Webbers Falls with ease. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Webbers Falls to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities clearly. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Webbers Falls, Oklahoma
Property taxes in Webbers Falls, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webbers Falls is 0.63%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Webbers Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webbers Falls 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 Webbers Falls' effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74470 has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Webbers Falls 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 Webbers Falls Tax Rate
0.63%
Average Muskogee County Tax Rate
0.91%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Webbers Falls, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74470 | 0.21% | 0.42% | 0.63% | 0.89% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Webbers Falls, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Webbers Falls, 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 Webbers Falls, 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 Webbers Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $513, found in the 74470 zip code.
Average Webbers Falls Assessed Value
$86,889
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 Webbers Falls, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74470 | $26,968 | $48,408 | $86,889 | $152,281 | $229,101 |
Source: Ownwell
Property Tax Bills Across Webbers Falls, Oklahoma
In Webbers Falls, located in Muskogee County, OK, property tax bills are determined based on the assessed value of a property. This assessed value is a percentage of the property's market value, which is periodically evaluated by local tax assessors. The tax rate applied to this assessed value is then used to calculate the annual property tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. For instance, the median home price in Webbers Falls is $86,889. Tax bills in the area show significant variation, with the 25th percentile at $233, the 75th percentile at $1,042, and the 90th percentile reaching $1,782. Compared to the national median property tax rate of 0.99%, homeowners in Webbers Falls may find their tax bills relatively manageable. However, the impact on homeowners can vary widely depending on the specific assessed value of their property and the local tax rate applied. This variability underscores the importance of understanding local property tax regulations to anticipate annual tax obligations accurately.
Average Webbers Falls Tax Bill
$513
Average Muskogee County Tax Bill
$663
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Webbers Falls, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74470 | $66 | $233 | $513 | $1,042 | $1,782 |
Source: Ownwell