Avant, Oklahoma Property Taxes
The median property tax rate in Avant, OK is 0.95%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $28,048 in Avant, the typical annual property tax bill is $202, significantly below the national median of $2,690. Property taxes in Avant 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 Avant'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 Avant 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
Avant, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$266
Ownwell’s AVANT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AVANT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AVANT 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 Avant, Oklahoma
Property taxes in Avant, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avant is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Avant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avant 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 Avant's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74001 has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Avant provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avant Tax Rate
0.95%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avant, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74001 | 0.58% | 0.78% | 0.95% | 0.95% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Avant, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Avant, 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 Osage 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 Avant, 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 Avant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Avant, the median home price is $28,048. The zip code with the highest and lowest median tax bill is 74001, with a median tax bill of $202. By staying informed, homeowners can better manage their property tax obligations.
Average Avant Assessed Value
$28,048
Average Osage County Assessed Value
$85,955
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avant, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74001 | $4,488 | $11,460 | $28,048 | $55,491 | $84,093 |
Source: Ownwell
Property Tax Bills Across Avant, Oklahoma
In Avant, located in Osage County, OK, property tax bills are calculated based on the assessed value of the home, which is a fraction of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors, including property size, location, and condition, influence the assessed value. For homeowners in Avant, the median home price is $28,048. Tax bills can vary significantly, with the 25th percentile at $89 and the 75th percentile reaching $440. At the 90th percentile, homeowners could see tax bills as high as $701. The highest and lowest median tax bills in the area are both $202, tied to the zip code 74001. Compared to the national median property tax rate of 0.99%, Avant's property tax rates are relatively modest, providing some financial relief to homeowners. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Avant Tax Bill
$202
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Avant, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74001 | $43 | $89 | $202 | $440 | $701 |
Source: Ownwell