Ochelata, Oklahoma Property Taxes
The median property tax rate in Ochelata, OK is 1.08%, slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $212,746 in Ochelata, the typical annual property tax bill is $2,276, which is below the national median of $2,690. Property taxes in Ochelata are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ochelata'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 Ochelata 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
Ochelata, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,298
Ownwell’s Ochelata Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Ochelata. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Ochelata to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed information at the neighborhood level, additional localized data is available. Your property’s assessed value, determined by Osage County, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Ochelata, Oklahoma
Property taxes in Ochelata, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ochelata is 1.08%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ochelata set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ochelata 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 Ochelata's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74051 zip code has the highest median property tax rate of 1.08%, which is the same as the lowest median tax rate in the same zip code. Understanding how these cities compare with Ochelata 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 Ochelata Tax Rate
1.08%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ochelata, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74051 | 0.66% | 1.02% | 1.08% | 1.10% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Ochelata, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ochelata, 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 Ochelata, 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 Ochelata helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74051 has both the highest and lowest median tax bill at $2,276, which is above the national median property tax rate of 0.99%.
Average Ochelata Assessed Value
$212,746
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 Ochelata, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74051 | $82,669 | $154,002 | $212,746 | $318,026 | $405,196 |
Source: Ownwell
Property Tax Bills Across Ochelata, Oklahoma
In Ochelata, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value. For homeowners in Osage County, the median home price is $212,746. Property tax rates in this area can vary, but they are generally calculated by multiplying the assessed value by the local tax rate. For example, homeowners in the 25th percentile pay around $991 annually, while those in the 75th percentile face bills closer to $3,471. At the 90th percentile, tax bills can reach up to $4,428. The highest and lowest median tax bills in the area both stand at $2,276, indicating a consistent tax burden across different properties. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life in Ochelata. Homeowners need to budget for these expenses as part of their overall housing costs.
Average Ochelata Tax Bill
$2,276
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ochelata, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74051 | $696 | $991 | $2,276 | $3,471 | $4,428 |
Source: Ownwell