Oologah, Rogers County, Oklahoma Property Taxes
The median property tax rate in Oologah, Oklahoma is 1.06%, slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Oologah at $172,565, the typical annual property tax bill reaches $1,767, which is lower than the national median of $2,690. Property taxes in Oologah 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 Oologah'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 Oologah 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
Oologah, Rogers County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,829
$1,697
Ownwell’s Oologah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oologah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oologah 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 Oologah, Rogers County, Oklahoma
Property taxes in Oologah, Oklahoma, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Oologah is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Oologah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oologah 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 Oologah's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74053 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Oologah provides valuable insights into the varying tax landscape across Rogers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oologah Tax Rate
1.06%
Average Rogers County Tax Rate
0.95%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oologah, Rogers County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74053 | 0.78% | 0.97% | 1.06% | 1.13% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Oologah, Rogers County, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oologah, 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 Rogers County Assessor's Office 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 Oologah, 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 median home price in Oologah is $172,565, with tax bills ranging from $999 at the 25th percentile to $3,862 at the 90th percentile. The zip code 74053 has the highest median tax bill at $1,767. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Oologah, Rogers County, Oklahoma
Source: Ownwell
$74,955
$170,552
$266,148
Average Oologah Assessed Value
$172,565
Average Rogers County Assessed Value
$177,436
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oologah, Rogers County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74053 | $59,576 | $102,642 | $172,565 | $258,999 | $375,000 |
Source: Ownwell
Property Tax Bills Across Oologah, Rogers County, Oklahoma
In Oologah, Rogers County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $172,565, homeowners can expect varying tax bills depending on the specific assessed value and applicable exemptions. The 25th percentile tax bill in Oologah is $999, while the 75th percentile reaches $2,670, and the 90th percentile can be as high as $3,862. These variations reflect differences in property values, exemptions, and specific tax rates applied within the county. Compared to the national median property tax rate of 0.99%, Oologah's property tax rates can significantly impact homeowners' finances, influencing decisions on buying, selling, or holding onto property. Understanding these factors is crucial for homeowners to anticipate their annual tax liabilities and plan their budgets accordingly.
Average Oologah Tax Bill
$1,767
Average Rogers County Tax Bill
$1,648
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Oologah, Rogers County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74053 | $474 | $999 | $1,767 | $2,670 | $3,862 |
Source: Ownwell