Snow, Oklahoma Property Taxes
The median property tax rate in Snow, OK is 0.51%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Snow at $66,377, the typical annual property tax bill reaches $225, significantly below the national median of $2,690. Property taxes in Snow are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Snow'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 Snow 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
Snow, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$339
-$3,548
Ownwell’s SNOW Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SNOW with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SNOW 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 Snow, Oklahoma
Property taxes in Snow, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snow is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Snow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snow 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 Snow's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74567 has both the highest and lowest median property tax rate in the county, standing at 0.51%. Understanding how these areas compare with Snow 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 Snow Tax Rate
0.51%
Average Pushmataha County Tax Rate
0.56%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snow, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74567 | 0.20% | 0.32% | 0.51% | 0.65% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Snow, Oklahoma
In SNOW, 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 SNOW, 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 SNOW helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74567 has both the highest and lowest median tax bill at $225.
Average Snow Assessed Value
$66,377
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 Snow, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74567 | $16,449 | $35,378 | $66,377 | $88,237 | $141,764 |
Source: Ownwell
Property Tax Bills Across Snow, Oklahoma
In the city of Snow, located in Pushmataha County, Oklahoma, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value, which is determined by the county assessor. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the market value of the property, local tax rates, and any applicable exemptions or deductions. For example, the median home price in Snow is $66,377, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $113, while those at the 75th percentile could see bills as high as $459. For those at the 90th percentile, the tax bill can reach up to $771. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting homeowners by influencing the quality and availability of these services.
Average Snow Tax Bill
$225
Average Pushmataha County Tax Bill
$395
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Snow, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74567 | $83 | $113 | $225 | $459 | $771 |
Source: Ownwell