Pittsburg, Oklahoma Property Taxes
The median property tax rate in Pittsburg, OK is 0.82%, 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 $48,143 in Pittsburg, the typical annual property tax bill amounts to $350, significantly below the national median of $2,690. Property taxes in Pittsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Pittsburg'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 Pittsburg 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
Pittsburg, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$395
Ownwell’s Pittsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsburg 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 Pittsburg, Oklahoma
Property taxes in Pittsburg, Oklahoma, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsburg is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Pittsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsburg 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 Pittsburg's effective property tax rate to other areas and the national median. For comparison, the zip code 74560 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Pittsburg provides valuable insights into the varying tax landscape across Pittsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pittsburg Tax Rate
0.82%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsburg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74560 | 0.43% | 0.65% | 0.82% | 0.96% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Pittsburg, Oklahoma
In Pittsburg, 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 Pittsburg 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 Pittsburg, 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 Pittsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pittsburg is found in zip code 74560, standing at $350.
Average Pittsburg Assessed Value
$48,143
Average Pittsburg County Assessed Value
$87,046
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pittsburg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74560 | $16,920 | $27,950 | $48,143 | $80,000 | $116,146 |
Source: Ownwell
Property Tax Bills Across Pittsburg, Oklahoma
In Pittsburg, OK, property tax bills are calculated based on the assessed value of a property, which is typically a fraction of its market value. The median home price in Pittsburg is $48,143, significantly lower than the national median. Property taxes are then determined by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Pittsburg can expect their tax bills to vary widely, with the 25th percentile at $196 and the 75th percentile at $621. At the 90th percentile, tax bills can reach up to $954. The highest median tax bill in the area is $350, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Pittsburg.
Average Pittsburg Tax Bill
$350
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsburg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74560 | $104 | $196 | $350 | $621 | $954 |
Source: Ownwell