Wardville, Oklahoma Property Taxes
The median property tax rate in Wardville, Oklahoma is 0.76%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Wardville at $56,992, the typical annual property tax bill is $401, significantly less than the national median of $2,690. Property taxes in Wardville 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. By understanding Wardville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Wardville or another part of the city, being well-informed about the local property tax system will be beneficial.
Last Updated June 14, 2024
Wardville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$433
Ownwell’s Wardville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wardville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wardville 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 Wardville, Oklahoma
Property taxes in Wardville, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wardville is 0.85%, which is higher than both the Oklahoma state median of 0.74% and the U.S. national median of 0.99%. Local government entities within Wardville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wardville 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 Wardville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code with the highest median property tax rate in the area is 74576, which has a rate of 0.85%, identical to Wardville's rate. Understanding how these cities compare with Wardville 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 Wardville Tax Rate
0.76%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wardville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74576 | 0.60% | 0.70% | 0.76% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Wardville, Oklahoma
In Wardville, 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 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. 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 Wardville 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 $401.00, found in zip code 74576.
Average Wardville Assessed Value
$56,992
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 Wardville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74576 | $19,193 | $38,313 | $56,992 | $95,569 | $168,489 |
Source: Ownwell
Property Tax Bills Across Wardville, Oklahoma
In Wardville, located in Pittsburg County, OK, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is calculated by local tax authorities. Several factors influence this assessment, including the home's location, size, and condition. Homeowners in Wardville experience a range of property tax bills. For instance, the 25th percentile tax bill is $232, while the 75th percentile tax bill reaches $745. At the higher end, the 90th percentile tax bill is $1,355. The highest and lowest median tax bills in the area are both $401, indicating some consistency within certain zip codes. Compared to the national median property tax rate of 0.99%, Wardville's property tax rates can significantly impact homeowners, particularly those with homes valued above the median home price of $56,992. These tax bills contribute to essential public services but can also represent a substantial annual expense for residents.
Average Wardville Tax Bill
$401
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Wardville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74576 | $158 | $232 | $401 | $745 | $1,355 |
Source: Ownwell