Ralston, Pawnee County, Oklahoma Property Taxes
The median property tax rate in Ralston, OK is 0.55%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Ralston at $35,549, the typical annual property tax bill is $190, far below the national median of $2,690. Property taxes in Ralston 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 Ralston'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 Ralston or another part of Pawnee County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ralston, Pawnee County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$196
$181
Ownwell’s Ralston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ralston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ralston 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 Ralston, Pawnee County, Oklahoma
Property taxes in Ralston, Oklahoma, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ralston is 0.55%, which is below the U.S. national median of 0.99%. Local government entities within Ralston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ralston 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 Ralston's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74650 zip code has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Ralston 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 Ralston Tax Rate
0.55%
Average Pawnee County Tax Rate
0.99%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ralston, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74650 | 0.29% | 0.46% | 0.55% | 0.87% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Ralston, Pawnee County, Oklahoma
In Ralston, 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 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. 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 Ralston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 74650, with a median tax bill of $190, while the lowest is also 74650, with the same value.
Property Tax Assessment Values Across Ralston, Pawnee County, Oklahoma
Source: Ownwell
$27,950
$55,701
$83,452
Average Ralston Assessed Value
$35,549
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 Ralston, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74650 | $15,967 | $25,258 | $35,549 | $62,954 | $120,127 |
Source: Ownwell
Property Tax Bills Across Ralston, Pawnee County, Oklahoma
In Ralston, property tax bills are calculated based on the assessed value of a home, which is determined by the Pawnee County Assessor's Office. The assessed value is a percentage of the property's market value. For instance, with a median home price of $35,549, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $114, while those in the 75th percentile see bills closer to $482. At the 90th percentile, tax bills can reach up to $1,056. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting the quality of life in Ralston. Compared to the national median property tax rate of 0.99%, Ralston's tax rates provide a relatively affordable option for homeowners, though the exact amount can vary widely depending on individual property assessments and local levies.
Average Ralston Tax Bill
$190
Average Pawnee County Tax Bill
$656
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ralston, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74650 | $67 | $114 | $190 | $482 | $1,056 |
Source: Ownwell