Talihina, Oklahoma Property Taxes
The median property tax rate in Talihina, OK is 0.56%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $70,999 in Talihina, the typical annual property tax bill is $412, well below the national median of $2,690. Property taxes in Talihina are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Talihina'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 Talihina or another part of Pushmataha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Talihina, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$398
-$4,167
Ownwell’s Talihina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Talihina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Talihina 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 Talihina, Oklahoma
Property taxes in Talihina, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talihina is 0.56%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Talihina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Talihina 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 Talihina's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74571 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Talihina 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 Talihina Tax Rate
0.56%
Average Pushmataha County Tax Rate
0.56%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Talihina, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74571 | 0.30% | 0.44% | 0.56% | 0.75% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Talihina, Oklahoma
In Talihina, 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 Talihina, 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 Talihina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 74571, with a median tax bill of $412.
Average Talihina Assessed Value
$70,999
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 Talihina, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74571 | $27,301 | $47,097 | $70,999 | $108,484 | $191,973 |
Source: Ownwell
Property Tax Bills Across Talihina, Oklahoma
In Talihina, located in Pushmataha County, OK, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Various factors influence the assessed value, including the home's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Talihina, the property tax rate is notably lower than the national median of 0.99%. The median home price in this area is $70,999, resulting in a median tax bill of $412. Depending on the property, tax bills can range significantly. For instance, the 25th percentile tax bill is $239, while the 75th percentile tax bill reaches $571. At the higher end, the 90th percentile tax bill can be as much as $1,299. These property taxes fund essential local services, such as schools, public safety, and infrastructure, making them a crucial aspect of homeownership in Talihina.
Average Talihina Tax Bill
$412
Average Pushmataha County Tax Bill
$395
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Talihina, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74571 | $105 | $239 | $412 | $571 | $1,299 |
Source: Ownwell