Mannford, Pawnee County, Oklahoma Property Taxes
The median property tax rate in Mannford, OK is 1.00%, slightly above both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Mannford, the typical annual property tax bill reaches $722, which is significantly lower than the national median of $2,690. Property taxes in Mannford 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 Mannford'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 Mannford 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
Mannford, Pawnee County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$792
$734
Ownwell’s MANNFORD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MANNFORD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MANNFORD 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 Mannford, Pawnee County, Oklahoma
Property taxes in Mannford, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mannford is 0.86%, lower than both the Oklahoma state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Mannford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mannford 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 Mannford's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74044 zip code has the highest median property tax rate of 0.86%, while the 74044 zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Mannford provides valuable insights into the varying tax landscape across Pawnee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mannford Tax Rate
1.00%
Average Pawnee County Tax Rate
0.99%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mannford, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74044 | 0.58% | 0.78% | 1.00% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Mannford, Pawnee County, Oklahoma
In Mannford, 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 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 Mannford, 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 Mannford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $722, found in the 74044 zip code.
Property Tax Assessment Values Across Mannford, Pawnee County, Oklahoma
Source: Ownwell
$27,950
$55,701
$83,452
Average Mannford Assessed Value
$79,151
Average Pawnee County Assessed Value
$70,521
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mannford, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74044 | $21,589 | $37,374 | $79,151 | $127,900 | $217,094 |
Source: Ownwell
Property Tax Bills Across Mannford, Pawnee County, Oklahoma
In Mannford, located in Pawnee County, OK, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is typically a fraction of the market value, determined by local tax authorities. Various factors influence the tax bill, including property size, location, and any applicable exemptions. The median home price in Mannford is $79,151, and property tax rates are relatively low compared to the national median property tax rate of 0.99%. For homeowners in Mannford, the property tax bill can range significantly. The 25th percentile tax bill is around $350, while the 75th percentile reaches up to $1,247. The highest median tax bill recorded in the area is $722, which is still modest compared to many other regions. These taxes contribute to essential public services such as schools, infrastructure, and emergency services. Understanding how property tax bills are calculated helps homeowners budget more effectively and take advantage of any available exemptions to reduce their tax burden.
Average Mannford Tax Bill
$722
Average Pawnee County Tax Bill
$656
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mannford, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74044 | $142 | $350 | $722 | $1,247 | $2,159 |
Source: Ownwell