Konawa, Oklahoma Property Taxes
The median property tax rate in Konawa, OK is 0.54%, significantly lower than both the national median of 0.99% and Oklahoma's state median of 0.97%. With a median home value of $82,238 in Konawa, the typical annual property tax bill is $422, well below the national median of $2,690. Property taxes in Konawa are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Konawa'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 Konawa or elsewhere in Pottawatomie County, grasping the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Konawa, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$444
Ownwell’s Konawa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Konawa with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Konawa to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for what lies ahead. For those interested in more granular insights at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Konawa, Oklahoma
Property taxes in Konawa, Oklahoma, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Konawa is 0.54%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Konawa set these rates annually, and they can vary across different neighborhoods. Each year, Konawa 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 Konawa's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74849 has both the highest and lowest median property tax rate of 0.54%. Understanding how these areas compare with Konawa provides valuable insights into the varying tax landscape across Pottawatomie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Konawa Tax Rate
0.54%
Average Pottawatomie County Tax Rate
1.04%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Konawa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | 0.28% | 0.39% | 0.54% | 0.81% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Konawa, Oklahoma
In Konawa, 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 Pottawatomie 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 Konawa, 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 Konawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Konawa are both $422, as seen in the zip code 74849.
Average Konawa Assessed Value
$82,238
Average Pottawatomie County Assessed Value
$87,932
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Konawa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | $31,990 | $49,808 | $82,238 | $153,693 | $226,908 |
Source: Ownwell
Property Tax Bills Across Konawa, Oklahoma
In Konawa, located in Pottawatomie County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. Homeowners in Konawa are subject to a median property tax rate significantly lower than the national median of 0.99%. For instance, the median home price in Konawa is $82,238, and the property tax bills range broadly. At the 25th percentile, homeowners might pay around $234, while those in the 75th percentile could see tax bills up to $931. For the top 10% of property values, tax bills can reach as high as $1,683. Factors influencing these tax bills include the assessed property value and local tax rates, which are determined by county and city budgets to fund public services. For homeowners, these taxes impact their annual financial planning and the overall cost of owning property in Konawa. The highest and lowest median tax bills in the area are both $422, reflecting the uniformity within the zip code 74849.
Average Konawa Tax Bill
$422
Average Pottawatomie County Tax Bill
$764
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Konawa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | $97 | $234 | $422 | $931 | $1,683 |
Source: Ownwell