Pawnee, Oklahoma Property Taxes
The median property tax rate in Pawnee, OK is 1.11%, higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Pawnee at $64,378, the typical annual property tax bill is $676, which is significantly lower than the national median of $2,690. Property taxes in Pawnee are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Pawnee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to meaningful annual savings. Whether you're in the heart of Pawnee or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pawnee, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$715
Ownwell’s Pawnee Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pawnee with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pawnee to estimate your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pawnee, Oklahoma
Property taxes in Pawnee, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pawnee is 1.11%, higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Pawnee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pawnee 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 Pawnee's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74058 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Pawnee 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 Pawnee Tax Rate
1.11%
Average Pawnee County Tax Rate
0.99%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pawnee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74058 | 0.68% | 0.91% | 1.11% | 1.25% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Pawnee, Oklahoma
In Pawnee, 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 Pawnee County Appraisal District 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 Pawnee, 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 Pawnee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 74058, with a median of $676, highlighting the range of property tax obligations within the area.
Average Pawnee Assessed Value
$64,378
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 Pawnee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74058 | $22,114 | $35,309 | $64,378 | $106,388 | $170,424 |
Source: Ownwell
Property Tax Bills Across Pawnee, Oklahoma
In Pawnee, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Pawnee stands at $64,378. Property taxes are then applied to this assessed value using the local tax rate. Homeowners in Pawnee can expect their tax bills to vary significantly; the 25th percentile tax bill is around $374, while the 75th percentile tax bill reaches $1,176, and the 90th percentile climbs to $1,998. Several factors influence a homeowner's tax bill, including the home's assessed value and any applicable exemptions or reductions. For instance, properties in the zip code 74058 have a median tax bill of $676. Compared to the national median property tax rate of 0.99%, Pawnee's property tax rates can be considered relatively moderate. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners manage their finances and anticipate annual tax obligations.
Average Pawnee Tax Bill
$676
Average Pawnee County Tax Bill
$656
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pawnee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74058 | $225 | $374 | $676 | $1,176 | $1,998 |
Source: Ownwell