Wanette, Pottawatomie County, Oklahoma Property Taxes
The median property tax rate in Wanette, OK is 0.68%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Wanette at $75,500, the typical annual property tax bill reaches $406, significantly below the national median of $2,690. Property taxes in Wanette are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wanette'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 Wanette 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
Wanette, Pottawatomie County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$513
$476
Ownwell’s Wanette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wanette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wanette 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 Wanette, Pottawatomie County, Oklahoma
Property taxes in Wanette, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wanette is 0.68%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Wanette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wanette 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 Wanette's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74878 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Wanette 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 Wanette Tax Rate
0.68%
Average Pottawatomie County Tax Rate
1.04%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wanette, Pottawatomie County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74878 | 0.24% | 0.42% | 0.68% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Wanette, Pottawatomie County, Oklahoma
In Wanette, 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 Wanette, 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 Wanette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $75,500, with tax bills ranging from $187 at the 25th percentile to $1,284 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 74878, with a tax bill of $406.
Property Tax Assessment Values Across Wanette, Pottawatomie County, Oklahoma
Source: Ownwell
$42,283
$88,610
$134,936
Average Wanette Assessed Value
$75,500
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 Wanette, Pottawatomie County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74878 | $18,265 | $37,756 | $75,500 | $122,276 | $200,344 |
Source: Ownwell
Property Tax Bills Across Wanette, Pottawatomie County, Oklahoma
In Wanette, located in Pottawatomie County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Wanette is $75,500. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property improvements, local tax rates, and any applicable exemptions. For example, homeowners in Wanette might see tax bills ranging from $187 at the 25th percentile to $1,284 at the 90th percentile. The median tax bill in the area stands at $406, which is significantly lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to the cost of owning a home and funding local services such as schools and infrastructure. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Wanette Tax Bill
$406
Average Pottawatomie County Tax Bill
$764
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Wanette, Pottawatomie County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74878 | $76 | $187 | $406 | $775 | $1,284 |
Source: Ownwell