Pontotoc County, Oklahoma Property Taxes
The median property tax rate in Pontotoc County is 0.93%, which is slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $99,145 in Pontotoc County, the typical annual property tax bill amounts to $821, significantly below the national median of $2,690. Property taxes in Pontotoc County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Pontotoc County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Ada or another part of Pontotoc County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pontotoc County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$922
$856
Ownwell’s Pontotoc County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pontotoc County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pontotoc County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pontotoc County, Oklahoma
Property taxes in Pontotoc County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pontotoc County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Pontotoc County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pontotoc County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Pontotoc County's effective property tax rate with other areas in Oklahoma and the national median. For comparison, the city of Byars has one of the higher property tax rates in Oklahoma at 1.05%, while the city of Fittstown boasts one of the lowest at 0.75%. Analyzing how Pontotoc County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pontotoc County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pontotoc County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ada | 0.46% | 0.69% | 0.94% | 1.13% | 1.24% |
| Allen | 0.42% | 0.61% | 0.88% | 1.11% | 1.12% |
| Byars | 0.60% | 0.86% | 1.05% | 1.12% | 1.31% |
| Byng | N/A | N/A | N/A | N/A | N/A |
| Fittstown | 0.39% | 0.59% | 0.75% | 1.05% | 1.10% |
| Fitzhugh | 0.49% | 0.68% | 0.94% | 1.10% | 1.15% |
| Francis | 0.33% | 0.71% | 0.87% | 0.94% | 0.94% |
| Konawa | N/A | N/A | N/A | N/A | N/A |
| Roff | 0.39% | 0.58% | 0.84% | 1.09% | 1.15% |
| Stonewall | 0.34% | 0.53% | 0.77% | 0.98% | 1.10% |
| Stratford | 0.41% | 0.57% | 0.81% | 1.08% | 1.12% |
| Tupelo | 0.42% | 0.52% | 0.75% | 0.88% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Pontotoc County, Oklahoma
In Pontotoc County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pontotoc County Appraisal District. The assessed value, however, 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 in Pontotoc County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. In Pontotoc County, the median home price is $99,145. Cities within the county show a range in tax bills, with Byng having the highest median tax bill at $2,270 and Francis the lowest at $273. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Pontotoc County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Pontotoc County, Oklahoma
Source: Ownwell
$37,087
$78,952
$120,816
Average Pontotoc County Assessed Value
$99,145
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pontotoc County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ada | $32,507 | $57,954 | $103,891 | $173,138 | $256,655 |
| Allen | $17,759 | $32,178 | $63,881 | $110,000 | $183,528 |
| Byars | $40,279 | $53,042 | $86,122 | $122,023 | $171,392 |
| Byng | N/A | N/A | N/A | N/A | N/A |
| Fittstown | $22,880 | $45,932 | $81,017 | $113,139 | $143,328 |
| Fitzhugh | $35,418 | $57,805 | $107,632 | $188,678 | $253,807 |
| Francis | $18,688 | $28,938 | $37,087 | $68,255 | $75,016 |
| Konawa | N/A | N/A | N/A | N/A | N/A |
| Roff | $21,463 | $35,830 | $77,768 | $143,127 | $216,196 |
| Stonewall | $27,854 | $52,947 | $87,424 | $153,008 | $244,889 |
| Stratford | $30,327 | $64,065 | $120,816 | $179,758 | $232,207 |
| Tupelo | $79,785 | $98,912 | $114,110 | $138,127 | $151,049 |
Source: Ownwell
Property Tax Bills Across Pontotoc County, Oklahoma
In Pontotoc County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this county is $99,145. Local tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, home size, and improvements can influence the assessed value and, consequently, the tax bill. For example, the tax bill at the 25th percentile is $411, while at the 75th percentile, it is $1,570, and at the 90th percentile, it reaches $2,490. These figures illustrate the range of property taxes homeowners might expect. In comparison, the national median property tax rate is 0.99%, which helps put these local figures into perspective. The highest median tax bill in the county is in Byng at $2,270, whereas the lowest is in Francis at $273. Understanding these factors is crucial for homeowners to anticipate their property tax obligations and manage their finances accordingly.
Average Pontotoc County Tax Bill
$821
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pontotoc County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ada | $234 | $449 | $885 | $1,657 | $2,582 |
| Allen | $132 | $248 | $478 | $911 | $1,569 |
| Byars | $344 | $510 | $805 | $1,170 | $2,207 |
| Byng | N/A | N/A | N/A | N/A | N/A |
| Fittstown | $216 | $369 | $516 | $896 | $1,278 |
| Fitzhugh | $258 | $478 | $964 | $1,682 | $2,318 |
| Francis | $38 | $197 | $273 | $577 | $708 |
| Konawa | N/A | N/A | N/A | N/A | N/A |
| Roff | $142 | $258 | $598 | $1,115 | $1,973 |
| Stonewall | $148 | $312 | $607 | $1,163 | $2,283 |
| Stratford | $199 | $368 | $854 | $1,568 | $2,255 |
| Tupelo | $388 | $614 | $852 | $986 | $1,089 |
Source: Ownwell