S Coffeyville, Nowata County, Oklahoma Property Taxes
The median property tax rate in S Coffeyville, OK is 0.85%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in S Coffeyville at $69,993, the typical annual property tax bill amounts to $551, significantly less than the national median of $2,690. Property taxes in S Coffeyville are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding S Coffeyville'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 S Coffeyville or another part of Nowata County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
S Coffeyville, Nowata County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$595
$552
Ownwell’s S COFFEYVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in S COFFEYVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in S COFFEYVILLE 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 S Coffeyville, Nowata County, Oklahoma
Property taxes in S Coffeyville, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in S Coffeyville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within S Coffeyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, S Coffeyville 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 S Coffeyville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74072 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with S Coffeyville provides valuable insights into the varying tax landscape across Nowata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average S Coffeyville Tax Rate
0.85%
Average Nowata County Tax Rate
0.83%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across S Coffeyville, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74072 | 0.51% | 0.72% | 0.85% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across S Coffeyville, Nowata County, Oklahoma
In S Coffeyville, 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 Nowata County 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 S Coffeyville, 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 S Coffeyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $69,993, with the 25th percentile tax bill at $291 and the 75th percentile tax bill at $960.
Property Tax Assessment Values Across S Coffeyville, Nowata County, Oklahoma
Source: Ownwell
$47,188
$97,325
$147,462
Average S Coffeyville Assessed Value
$69,993
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 S Coffeyville, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74072 | $24,471 | $39,383 | $69,993 | $117,770 | $178,042 |
Source: Ownwell
Property Tax Bills Across S Coffeyville, Nowata County, Oklahoma
In S Coffeyville, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in this city is $69,993. To determine the tax bill, the assessed value is multiplied by the local tax rate, which is reflective of the county’s budget needs and other financial considerations. For homeowners in Nowata County, the median tax bill is $551, with the 25th percentile paying around $291 and the 75th percentile paying approximately $960. A variety of factors influence the final tax bill, including property location, home size, and any applicable exemptions. These taxes are essential for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in S Coffeyville may find their tax bills to be relatively manageable, which can make homeownership more affordable and appealing in this region.
Average S Coffeyville Tax Bill
$551
Average Nowata County Tax Bill
$541
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across S Coffeyville, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74072 | $176 | $291 | $551 | $960 | $1,533 |
Source: Ownwell