Beggs, Okmulgee County, Oklahoma Property Taxes
The median property tax rate in Beggs, OK is 0.89%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Beggs at $103,481, the typical annual property tax bill is $837, significantly less than the national median of $2,690. Property taxes in Beggs are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Beggs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Beggs or another part of Okmulgee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beggs, Okmulgee County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$921
$855
Ownwell’s Beggs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beggs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beggs 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 Beggs, Okmulgee County, Oklahoma
Property taxes in Beggs, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beggs is 0.89%, lower than the U.S. national median of 0.99%. Local government entities within Beggs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beggs 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 Beggs' effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74421 zip code has the highest median property tax rate of 0.89%, while the 74421 zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Beggs provides valuable insights into the varying tax landscape across Okmulgee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beggs Tax Rate
0.89%
Average Okmulgee County Tax Rate
0.92%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beggs, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74421 | 0.48% | 0.68% | 0.89% | 1.07% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Beggs, Okmulgee County, Oklahoma
In Beggs, 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 Okmulgee 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 Beggs, 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 Beggs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74421 has the highest median tax bill at $837.00, which is significantly lower than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Beggs, Okmulgee County, Oklahoma
Source: Ownwell
$33,277
$77,767
$122,256
Average Beggs Assessed Value
$103,481
Average Okmulgee County Assessed Value
$63,421
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beggs, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74421 | $26,110 | $52,871 | $103,481 | $182,927 | $281,035 |
Source: Ownwell
Property Tax Bills Across Beggs, Okmulgee County, Oklahoma
In Beggs, located in Okmulgee County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Beggs is $103,481. Property tax rates in this region can vary, but they are generally influenced by local government budgets and funding needs for public services such as schools, infrastructure, and emergency services. Homeowners in Beggs typically see tax bills ranging from $398 at the 25th percentile to $1,592 at the 75th percentile, with the 90th percentile reaching up to $2,560. The highest median tax bill recorded in the area is $837, which is still below the national median property tax rate of 0.99%. These property taxes directly impact homeowners by contributing to the overall cost of owning a home. Lower property taxes in Beggs compared to the national average can make homeownership more affordable, potentially attracting more residents to the area.
Average Beggs Tax Bill
$837
Average Okmulgee County Tax Bill
$510
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Beggs, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74421 | $199 | $398 | $837 | $1,592 | $2,560 |
Source: Ownwell