Moyers, Oklahoma Property Taxes
The median property tax rate in Moyers, OK is 0.55%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Moyers, the typical annual property tax bill reaches $452, significantly below the national median of $2,690. Property taxes in Moyers 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 Moyers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moyers 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
Moyers, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$481
-$5,041
Ownwell’s Moyers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moyers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moyers 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 Moyers, Oklahoma
Property taxes in Moyers, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moyers is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Moyers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moyers 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 Moyers' effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74557 has both the highest and lowest median property tax rate in the region at 0.55%. Understanding how these areas compare with Moyers 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 Moyers Tax Rate
0.55%
Average Pushmataha County Tax Rate
0.56%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moyers, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74557 | 0.30% | 0.42% | 0.55% | 0.76% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Moyers, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moyers, Oklahoma. 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 Moyers, 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. The median home price is $87,464, with tax bills ranging from $275 at the 25th percentile to $1,343 at the 90th percentile. The highest and lowest median tax bills are both $452, located in the 74557 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moyers Assessed Value
$87,464
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 Moyers, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74557 | $42,496 | $61,710 | $87,464 | $137,925 | $181,269 |
Source: Ownwell
Property Tax Bills Across Moyers, Oklahoma
In Moyers, OK, within Pushmataha County, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by county assessors. For instance, the median home price in Moyers is $87,464. Homeowners in this area see a range of tax bills, with the 25th percentile at $275, the 75th percentile at $851, and the 90th percentile reaching $1,343. Several factors influence the property tax bill, including the property's market value, any applicable exemptions, and the local tax rate. These taxes fund essential public services such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Moyers offers a relatively lower tax burden, which can be a significant advantage for homeowners. This lower tax rate makes homeownership more affordable and can positively impact the overall cost of living in the area.
Average Moyers Tax Bill
$452
Average Pushmataha County Tax Bill
$395
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Moyers, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74557 | $154 | $275 | $452 | $851 | $1,343 |
Source: Ownwell