Bartlesville, Osage County, Oklahoma Property Taxes
The median property tax rate in Bartlesville, OK is 0.92%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Bartlesville at $124,518, the typical annual property tax bill is about $1,096, which is significantly below the national median of $2,690. Property taxes in Bartlesville are calculated based on the tax assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bartlesville'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 Bartlesville 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
Bartlesville, Osage County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,146
$1,063
Ownwell’s Bartlesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bartlesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bartlesville 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 Bartlesville, Osage County, Oklahoma
Property taxes in Bartlesville, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bartlesville is 0.87%, which is lower than both the Oklahoma state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Bartlesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bartlesville 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 Bartlesville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74003 zip code has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Bartlesville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bartlesville Tax Rate
0.92%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bartlesville, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74003 | 0.63% | 0.81% | 0.92% | 1.12% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Bartlesville, Osage County, Oklahoma
In Bartlesville, 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 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 Bartlesville, 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 Bartlesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74003 has both the highest and lowest median tax bill at $1096.
Property Tax Assessment Values Across Bartlesville, Osage County, Oklahoma
Source: Ownwell
$28,048
$120,397
$212,746
Average Bartlesville Assessed Value
$124,518
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 Bartlesville, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74003 | $20,895 | $61,554 | $124,518 | $185,560 | $267,430 |
Source: Ownwell
Property Tax Bills Across Bartlesville, Osage County, Oklahoma
In Bartlesville, property tax bills are determined based on the assessed value of a home and the local tax rate. The process begins with an assessment of the property's market value, which is then adjusted to an assessed value for tax purposes. This assessed value is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Bartlesville can expect a range of tax bills, with the 25th percentile at $498 and the 75th percentile reaching $1,838. The highest median tax bill in the area is $1,096, found in the 74003 zip code. Compared to the national median property tax rate of 0.99%, Bartlesville offers a relatively affordable tax environment. This can significantly impact homeowners by providing financial relief and making homeownership more accessible. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Bartlesville Tax Bill
$1,096
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Bartlesville, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74003 | $158 | $498 | $1,096 | $1,838 | $2,769 |
Source: Ownwell