Skedee, Pawnee County, Oklahoma Property Taxes
The median property tax rate in Skedee, OK is 0.73%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $27,950 in Skedee, the typical annual property tax bill amounts to $192, significantly below the national median of $2,690. Property taxes in Skedee are calculated based on the assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Skedee'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 Skedee or elsewhere in Pawnee County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Skedee, Pawnee County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$204
$189
Ownwell’s Skedee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skedee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skedee 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 Skedee, Pawnee County, Oklahoma
Property taxes in Skedee, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Skedee is 0.73%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Skedee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skedee 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 Skedee's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74058 has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Skedee 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 Skedee Tax Rate
0.73%
Average Pawnee County Tax Rate
0.99%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skedee, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74058 | 0.23% | 0.51% | 0.73% | 0.82% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Skedee, Pawnee County, Oklahoma
In Skedee, 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. In Skedee, 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 Skedee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74058 has both the highest and lowest median tax bill of $192.
Property Tax Assessment Values Across Skedee, Pawnee County, Oklahoma
Source: Ownwell
$27,950
$55,701
$83,452
Average Skedee Assessed Value
$27,950
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 Skedee, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74058 | $18,799 | $21,592 | $27,950 | $58,506 | $80,968 |
Source: Ownwell
Property Tax Bills Across Skedee, Pawnee County, Oklahoma
In Skedee, located in Pawnee County, OK, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and is a percentage of the home's market value. Homeowners in Skedee can expect their tax bills to vary significantly, with the 25th percentile tax bill being around $98 and the 75th percentile tax bill reaching $416. At the 90th percentile, tax bills can go up to $699. These variations are influenced by factors such as property size, location, and any applicable exemptions. The highest median tax bill in Skedee is $192, which is significantly lower than the national median property tax rate of 0.99%. This lower tax rate can be advantageous for homeowners, making Skedee an attractive place to own property. However, it's essential for homeowners to stay informed about their property's assessed value and any changes in local tax rates to manage their financial planning effectively.
Average Skedee Tax Bill
$192
Average Pawnee County Tax Bill
$656
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Skedee, Pawnee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74058 | $49 | $98 | $192 | $416 | $699 |
Source: Ownwell