Unincorporated, Oklahoma Property Taxes
The median property tax rate in Unincorporated, OK is 0.89%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Unincorporated at $169,874, the typical annual property tax bill is $1,172, which falls below the national median of $2,690. Property taxes in Unincorporated are calculated based on the tax assessed value, which often is less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Unincorporated'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 Unincorporated or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Unincorporated, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,512
Ownwell’s UNINCORPORATED Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNINCORPORATED with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNINCORPORATED 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 Unincorporated, Oklahoma
Property taxes in Unincorporated, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unincorporated is 0.89%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Unincorporated set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unincorporated 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 Unincorporated's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the highest median property tax rate in Oklahoma is found in zip code 73120 at 1.25%, while the lowest median tax rate is in zip code 73008 at 0.65%. Understanding how these cities compare with Unincorporated provides valuable insights into the varying tax landscape across Oklahoma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Unincorporated Tax Rate
0.89%
Average Oklahoma County Tax Rate
1.00%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unincorporated, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Unincorporated, Oklahoma
In UNINCORPORATED, 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 Oklahoma 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 UNINCORPORATED, 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. The median home price in this area is $169,874, with annual property tax bills ranging from $558 at the 25th percentile to $4,048 at the 90th percentile. Being aware of these valuation processes in UNINCORPORATED helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Unincorporated, Oklahoma
Source: Ownwell
$64,500
$428,500
$792,500
Average Unincorporated Assessed Value
$169,874
Average Oklahoma County Assessed Value
$192,500
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Unincorporated, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Unincorporated, Oklahoma
In UNINCORPORATED areas of Oklahoma County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means the county evaluates the property's worth and then applies the local tax rate to determine the tax bill. Factors such as the property's location, size, and condition influence its assessed value. Homeowners in Oklahoma County typically see a wide range of tax bills, with the 25th percentile at $558 and the 75th percentile reaching $2,941. At the higher end, the 90th percentile tax bill can go up to $4,048. These figures reflect the variability in property values and the applied tax rates within the county. Compared to the national median property tax rate of 0.99%, Oklahoma County offers a diverse range of tax bills that can significantly impact homeowners' finances. Understanding these factors helps homeowners anticipate their tax liabilities and plan accordingly.
Average Unincorporated Tax Bill
$1,172
Average Oklahoma County Tax Bill
$1,891
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Unincorporated, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell