Bartlesville, Nowata County, Oklahoma Property Taxes
The median property tax rate in Bartlesville, OK is 0.67%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $76,496, the typical annual property tax bill in Bartlesville is approximately $242, far below the national median of $2,690. Property taxes in Bartlesville are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bartlesville'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 Bartlesville or another part of the city, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bartlesville, Nowata County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$513
$476
Ownwell’s Bartlesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bartlesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bartlesville 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 Bartlesville, Nowata County, Oklahoma
Property taxes in Bartlesville, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bartlesville is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Bartlesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bartlesville 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 Bartlesville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74006 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Bartlesville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bartlesville Tax Rate
0.67%
Average Nowata County Tax Rate
0.83%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bartlesville, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74006 | 0.15% | 0.61% | 0.67% | 0.91% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Bartlesville, Nowata County, Oklahoma
In Bartlesville, 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 local appraisal district 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 Bartlesville, 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 Bartlesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bartlesville is $76,496, with tax bills ranging from $168 at the 25th percentile to $1,501 at the 90th percentile. The highest and lowest median tax bills are both $242 in the 74006 zip code.
Property Tax Assessment Values Across Bartlesville, Nowata County, Oklahoma
Source: Ownwell
$47,188
$97,325
$147,462
Average Bartlesville Assessed Value
$76,496
Average Nowata County Assessed Value
$71,248
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bartlesville, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74006 | $16,608 | $33,454 | $76,496 | $140,078 | $212,576 |
Source: Ownwell
Property Tax Bills Across Bartlesville, Nowata County, Oklahoma
In Bartlesville, located in Nowata County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $76,496, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $168, while those in the 75th percentile face bills close to $904. At the 90th percentile, the tax bill can reach up to $1,501. Several factors influence the tax bill, including the home's market value, local tax rates, and any applicable exemptions. The highest median tax bill recorded in the area is $242, found in the 74006 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial, as property taxes represent a significant portion of homeownership costs and can impact overall affordability. Compared to the national median property tax rate of 0.99%, Bartlesville's rates offer a relatively affordable option for residents.
Average Bartlesville Tax Bill
$242
Average Nowata County Tax Bill
$541
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Bartlesville, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74006 | $3 | $168 | $242 | $904 | $1,501 |
Source: Ownwell