Wynona, Osage County, Oklahoma Property Taxes
The median property tax rate in Wynona, OK is 0.89%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Wynona at $61,450, the typical annual property tax bill amounts to $492, significantly below the national median of $2,690. Property taxes in Wynona are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Wynona's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wynona or another part of Osage County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wynona, Osage County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$547
$508
Ownwell’s Wynona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wynona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wynona 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 Wynona, Osage County, Oklahoma
Property taxes in Wynona, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wynona is 0.89%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Wynona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wynona 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 Wynona's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74084 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Wynona 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 Wynona Tax Rate
0.89%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wynona, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74084 | 0.46% | 0.66% | 0.89% | 0.95% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Wynona, Osage County, Oklahoma
In Wynona, 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 Wynona, 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. For instance, the median home price in Wynona is $61,450, with tax bills ranging from $318 at the 25th percentile to $1,759 at the 90th percentile. The zip code 74084 has the highest and lowest median tax bill, both at $492. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wynona, Osage County, Oklahoma
Source: Ownwell
$28,048
$120,397
$212,746
Average Wynona Assessed Value
$61,450
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 Wynona, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74084 | $13,880 | $38,202 | $61,450 | $125,597 | $199,545 |
Source: Ownwell
Property Tax Bills Across Wynona, Osage County, Oklahoma
In Wynona, located in Osage County, OK, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. Homeowners in this region typically see a median property tax bill of $492.00, which is significantly lower than the national median property tax rate of 0.99%. Various factors influence the tax bill, including the home's location, size, and any improvements made. For instance, homes in the 25th percentile have tax bills around $318, while those in the 75th percentile can go up to $1,084, and in the 90th percentile, it can reach as high as $1,759. These variations affect homeowners differently, making it crucial for them to understand their property's assessed value and the applicable tax rate. Lower property tax bills can make homeownership more affordable in Wynona compared to many other regions in the country.
Average Wynona Tax Bill
$492
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Wynona, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74084 | $100 | $318 | $492 | $1,084 | $1,759 |
Source: Ownwell