Barnsdall, Oklahoma Property Taxes
The median property tax rate in Barnsdall, OK is 1.03%, slightly above both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $47,279 in Barnsdall, the typical annual property tax bill is $419, which is considerably lower than the national median of $2,690. Property taxes in Barnsdall 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 Barnsdall'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 Barnsdall or another part of Osage County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barnsdall, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$487
Ownwell’s Barnsdall Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Barnsdall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnsdall to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more localized trends, scrolling down reveals detailed neighborhood-level information. Your property’s assessed value is determined by Osage County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Barnsdall, Oklahoma
Property taxes in Barnsdall, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnsdall is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Barnsdall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnsdall 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 Barnsdall's effective property tax rate to other areas in Osage County and the national median. For comparison, the 74002 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Barnsdall 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 Barnsdall Tax Rate
1.03%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnsdall, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74002 | 0.60% | 0.85% | 1.03% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Barnsdall, Oklahoma
In Barnsdall, 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 Osage 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 Barnsdall, 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 Barnsdall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $419, found in the zip code 74002.
Average Barnsdall Assessed Value
$47,279
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 Barnsdall, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74002 | $5,930 | $21,640 | $47,279 | $96,011 | $157,000 |
Source: Ownwell
Property Tax Bills Across Barnsdall, Oklahoma
In Barnsdall, located in Osage County, OK, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Barnsdall is $47,279. Property taxes here are relatively low compared to the national median property tax rate of 0.99%. Homeowners in Barnsdall can expect a tax bill ranging from $194 at the 25th percentile to $943 at the 75th percentile, with the 90th percentile reaching up to $1,594. The highest and lowest median tax bills in the area both stand at $419 in the 74002 zip code. These property tax bills are influenced by various factors, including local government budgets, school funding requirements, and public service needs. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual housing costs. Keeping an eye on assessed values and potential exemptions can help manage and potentially reduce these expenses.
Average Barnsdall Tax Bill
$419
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnsdall, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74002 | $56 | $194 | $419 | $943 | $1,594 |
Source: Ownwell