Wyandotte, Oklahoma Property Taxes
The median property tax rate in Wyandotte, Oklahoma is 0.72%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $91,828 in Wyandotte, the typical annual property tax bill is around $540, significantly below the national median of $2,690. Property taxes in Wyandotte are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Wyandotte's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to notable annual savings. Whether you're in the heart of Wyandotte or another part of Ottawa County, familiarizing yourself with the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wyandotte, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$661
Ownwell’s Wyandotte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wyandotte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wyandotte 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 Wyandotte, Oklahoma
Property taxes in Wyandotte, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyandotte is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Wyandotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyandotte 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 Wyandotte's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74370 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Wyandotte 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 Wyandotte Tax Rate
0.72%
Average Ottawa County Tax Rate
0.80%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyandotte, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74370 | 0.31% | 0.48% | 0.72% | 0.87% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Wyandotte, Oklahoma
In Wyandotte, 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 Wyandotte, 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 Wyandotte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wyandotte are both $540, specifically in the 74370 zip code.
Average Wyandotte Assessed Value
$91,828
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 Wyandotte, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74370 | $22,468 | $49,154 | $91,828 | $147,058 | $213,248 |
Source: Ownwell
Property Tax Bills Across Wyandotte, Oklahoma
Property tax bills in Wyandotte, Ottawa County, OK, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Wyandotte is $91,828. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and changes in local tax rates can influence the assessed value. Homeowners in Wyandotte can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $257, while the 75th percentile tax bill reaches around $993. At the 90th percentile, tax bills can soar to $1,682. The highest median tax bill in the area is $540, which aligns with the lowest median tax bill in the same zip code, 74370. These property taxes directly impact homeowners by affecting their annual expenses and potentially influencing decisions about property improvements or sales. Comparing this to the national median property tax rate of 0.99%, Wyandotte's tax rates and bills provide a unique perspective on local property taxation.
Average Wyandotte Tax Bill
$540
Average Ottawa County Tax Bill
$593
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyandotte, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74370 | $137 | $257 | $540 | $993 | $1,682 |
Source: Ownwell