Marland, Oklahoma Property Taxes
The median property tax rate in Marland, Oklahoma is 0.68%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $32,974 in Marland, the typical annual property tax bill amounts to $215, far below the national median of $2,690. Property taxes in Marland are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Marland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Marland or another part of Noble County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marland, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$224
-$2,350
Ownwell’s MARLAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MARLAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MARLAND 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 Marland, Oklahoma
Property taxes in Marland, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Marland is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Marland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marland 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 Marland's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74644 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Marland provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marland Tax Rate
0.68%
Average Noble County Tax Rate
0.91%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marland, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74644 | 0.28% | 0.57% | 0.68% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Marland, Oklahoma
In MARLAND, 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 Noble 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 MARLAND, 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 MARLAND helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $215 in the 74644 zip code, which also has the lowest median tax bill of $215.
Average Marland Assessed Value
$32,974
Average Noble County Assessed Value
$78,656
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marland, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74644 | $7,402 | $13,622 | $32,974 | $90,053 | $171,145 |
Source: Ownwell
Property Tax Bills Across Marland, Oklahoma
In Marland, located in Noble County, OK, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors such as property location, market trends, and improvements can influence the assessed value. For homeowners in Marland, the median home price is $32,974, resulting in an average tax bill of $215, which is significantly lower than the national median property tax rate of 0.99%. The tax bills vary widely, with the 25th percentile at $78 and the 90th percentile reaching $1,227. This variability means that while some homeowners might enjoy relatively low taxes, others could face higher bills depending on their property's assessed value and specific circumstances. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Marland Tax Bill
$215
Average Noble County Tax Bill
$666
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Marland, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74644 | $27 | $78 | $215 | $638 | $1,227 |
Source: Ownwell