Nashoba, Oklahoma Property Taxes
The median property tax rate in Nashoba, OK is 0.54%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $74,103 in Nashoba, the typical annual property tax bill is $426, which is well below the national median of $2,690. Property taxes in Nashoba are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Nashoba'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 Nashoba or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nashoba, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$400
-$4,194
Ownwell’s Nashoba Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nashoba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nashoba 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 Nashoba, Oklahoma
Property taxes in Nashoba, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashoba is 0.54%, significantly lower than the U.S. national median of 0.99%. Local government entities within Nashoba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nashoba 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 Nashoba's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74558 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these areas compare with Nashoba 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 Nashoba Tax Rate
0.54%
Average Pushmataha County Tax Rate
0.56%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashoba, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74558 | 0.29% | 0.40% | 0.54% | 0.66% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Nashoba, Oklahoma
In Nashoba, 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 Appraisal District 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 Nashoba, 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 Nashoba helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $426 in the 74558 zip code, while the lowest median tax bill is also $426 in the same zip code.
Average Nashoba Assessed Value
$74,103
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 Nashoba, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74558 | $36,809 | $50,512 | $74,103 | $132,751 | $177,772 |
Source: Ownwell
Property Tax Bills Across Nashoba, Oklahoma
In Nashoba, located in Pushmataha County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors such as the property's location, size, and any applicable exemptions influence the assessed value. For instance, the median home price in Nashoba is $74,103, and property tax bills can vary significantly. The 25th percentile tax bill stands at $222, while the 75th percentile reaches $639, and the 90th percentile can go up to $1,207. These variations mean that homeowners in Nashoba may experience different financial impacts based on their property's assessed value and applicable tax rates. Compared to the national median property tax rate of 0.99%, Nashoba's property tax rates reflect the local economic conditions and funding needs for public services. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan their finances accordingly.
Average Nashoba Tax Bill
$426
Average Pushmataha County Tax Bill
$395
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashoba, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74558 | $132 | $222 | $426 | $639 | $1,207 |
Source: Ownwell