Weleetka, Okmulgee County, Oklahoma Property Taxes
The median property tax rate in Weleetka, OK is 0.61%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Weleetka at $82,622, the typical annual property tax bill amounts to $519, well below the national median of $2,690. Property taxes in Weleetka are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weleetka'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 Weleetka or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weleetka, Okmulgee County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$504
$468
Ownwell’s Weleetka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weleetka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weleetka 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 Weleetka, Okmulgee County, Oklahoma
Property taxes in Weleetka, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weleetka is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within Weleetka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weleetka 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 Weleetka's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74880 zip code has the highest median property tax rate of 0.61%, while the 74880 zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Weleetka 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 Weleetka Tax Rate
0.61%
Average Okmulgee County Tax Rate
0.92%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weleetka, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74880 | 0.19% | 0.44% | 0.61% | 0.93% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Weleetka, Okmulgee County, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weleetka, Oklahoma. 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 Weleetka, 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 Weleetka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Weleetka is $82,622, with tax bills ranging from $250 at the 25th percentile to $1,460 at the 90th percentile. The zip code 74880 has the highest and lowest median tax bill, both at $519.
Property Tax Assessment Values Across Weleetka, Okmulgee County, Oklahoma
Source: Ownwell
$33,277
$77,767
$122,256
Average Weleetka Assessed Value
$82,622
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 Weleetka, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74880 | $32,965 | $45,768 | $82,622 | $138,012 | $184,691 |
Source: Ownwell
Property Tax Bills Across Weleetka, Okmulgee County, Oklahoma
In Weleetka, located in Okmulgee County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Weleetka is $82,622. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in Weleetka can expect a range of tax bills. For instance, the 25th percentile tax bill is about $250, while the 75th percentile reaches $976. At the higher end, the 90th percentile tax bill is $1,460. The median tax bill in the area is $519, which is relatively lower compared to the national median property tax rate of 0.99%. This lower tax burden can be a significant advantage for homeowners, making Weleetka an attractive place for those looking for affordable property taxes.
Average Weleetka Tax Bill
$519
Average Okmulgee County Tax Bill
$510
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Weleetka, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74880 | $68 | $250 | $519 | $976 | $1,460 |
Source: Ownwell