Daisy, Oklahoma Property Taxes
The median property tax rate in Daisy, OK is 0.67%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value in Daisy, the typical annual property tax bill is $232, well below the national median of $2,690. Property taxes in Daisy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Daisy'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 Daisy 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
Daisy, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$279
-$2,925
Ownwell’s Daisy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daisy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daisy 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 Daisy, Oklahoma
Property taxes in Daisy, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Daisy is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Daisy set these rates annually, and they can vary across different neighborhoods. Each year, Daisy 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 Daisy's effective property tax rate to other regions and the national median. For comparison, the zip code 74540 has both the highest and lowest median property tax rate of 0.67%. Understanding how these areas compare with Daisy provides valuable insights into the varying tax landscape across Pushmataha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daisy Tax Rate
0.67%
Average Pushmataha County Tax Rate
0.56%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daisy, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74540 | 0.48% | 0.59% | 0.67% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Daisy, Oklahoma
In Daisy, 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 Pushmataha 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 Daisy, 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. The highest median tax bill in Daisy is $232.00 in zip code 74540, while the lowest median tax bill is also $232.00 in the same zip code. Being aware of these valuation processes in Daisy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Daisy Assessed Value
$41,655
Average Pushmataha County Assessed Value
$75,969
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daisy, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74540 | $16,742 | $23,006 | $41,655 | $72,480 | $94,490 |
Source: Ownwell
Property Tax Bills Across Daisy, Oklahoma
In Daisy, Pushmataha County, OK, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. For homeowners in Daisy, the median home price is $41,655. The property tax rate in Pushmataha County is derived from local government budgets and voter-approved measures. The national median property tax rate is 0.99%, but local rates can vary. Homeowners in Daisy can expect their tax bills to fall within a range depending on their property's assessed value. For example, the 25th percentile tax bill is approximately $141, while the 75th percentile tax bill is around $385. Those at the higher end, in the 90th percentile, might see tax bills as high as $622. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, understanding how these taxes are calculated and their impact on your finances is crucial for effective homeownership and budgeting.
Average Daisy Tax Bill
$232
Average Pushmataha County Tax Bill
$395
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Daisy, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74540 | $92 | $141 | $232 | $385 | $622 |
Source: Ownwell