Bluejacket, Ottawa County, Oklahoma Property Taxes
The median property tax rate in Bluejacket, OK is 0.78%, 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 Bluejacket at $159,092, the typical annual property tax bill is $1,082, falling below the national median of $2,690. Property taxes in Bluejacket are calculated based on the tax assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural use. Understanding Bluejacket'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 Bluejacket or another part of Ottawa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bluejacket, Ottawa County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,241
$1,152
Ownwell’s Bluejacket Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluejacket with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluejacket 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 Ottawa County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bluejacket, Ottawa County, Oklahoma
Property taxes in Bluejacket, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluejacket is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Bluejacket set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluejacket 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 Bluejacket's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74333 zip code has the highest median property tax rate of 0.78%, while the same 74333 zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Bluejacket provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluejacket Tax Rate
0.78%
Average Ottawa County Tax Rate
0.80%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluejacket, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74333 | 0.55% | 0.63% | 0.78% | 0.87% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Bluejacket, Ottawa County, Oklahoma
In Bluejacket, 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 Ottawa 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 Bluejacket, 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 Bluejacket helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bills in Bluejacket is 74333, with a median tax bill of $1,082.
Property Tax Assessment Values Across Bluejacket, Ottawa County, Oklahoma
Source: Ownwell
$38,912
$99,002
$159,092
Average Bluejacket Assessed Value
$159,092
Average Ottawa County Assessed Value
$84,000
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluejacket, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74333 | $44,881 | $88,948 | $159,092 | $258,910 | $275,734 |
Source: Ownwell
Property Tax Bills Across Bluejacket, Ottawa County, Oklahoma
In Bluejacket, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For a median home priced at $159,092, various factors such as property location, improvements, and local tax rates come into play. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Bluejacket experience a range of tax bills, with those at the 25th percentile paying around $588 and those at the 75th percentile paying approximately $1,959. The 90th percentile sees tax bills reaching up to $2,329. Compared to the national median property tax rate of 0.99%, Bluejacket's rates can vary significantly based on specific property assessments and local tax policies. These taxes are crucial as they fund essential local services, but they can also impact the affordability and overall cost of homeownership in the area.
Average Bluejacket Tax Bill
$1,082
Average Ottawa County Tax Bill
$593
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluejacket, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74333 | $236 | $588 | $1,082 | $1,959 | $2,329 |
Source: Ownwell