Talala, Rogers County, Oklahoma Property Taxes
The median property tax rate in Talala, OK is 1.03%, slightly above the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Talala at $150,463, the typical annual property tax bill amounts to $1,460, which is lower than the national median of $2,690. Property taxes in Talala are determined based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Talala'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 Talala or another part of Rogers County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Talala, Rogers County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,550
$1,438
Ownwell’s Talala Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Talala with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Talala 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 Talala, Rogers County, Oklahoma
Property taxes in Talala, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talala is 0.74%, lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Talala set these rates annually, and they can vary significantly across different neighborhoods. Each year, Talala 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 Talala's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74080 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Talala 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 Talala Tax Rate
1.03%
Average Rogers County Tax Rate
0.95%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Talala, Rogers County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74080 | 0.70% | 0.91% | 1.03% | 1.11% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Talala, Rogers County, Oklahoma
In Talala, 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 Rogers 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 Talala, 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 Talala helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Talala is $150,463, with the highest and lowest median tax bills both at $1,460 in the 74080 zip code.
Property Tax Assessment Values Across Talala, Rogers County, Oklahoma
Source: Ownwell
$74,955
$170,552
$266,148
Average Talala Assessed Value
$150,463
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 Talala, Rogers County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74080 | $44,420 | $82,416 | $150,463 | $237,916 | $347,180 |
Source: Ownwell
Property Tax Bills Across Talala, Rogers County, Oklahoma
In Talala, located in Rogers County, OK, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, if a home in Talala has a median home price of $150,463, the property tax rate is applied to this value to calculate the tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Talala can expect their tax bills to vary significantly, with the 25th percentile tax bill at $709 and the 75th percentile reaching up to $2,426. The 90th percentile tax bill can go as high as $3,571. Comparatively, the highest and lowest median tax bills in the area are both recorded at $1,460 in the 74080 zip code. These variations can significantly impact homeowners' annual expenses, making it essential to understand how property taxes are calculated.
Average Talala Tax Bill
$1,460
Average Rogers County Tax Bill
$1,648
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Talala, Rogers County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74080 | $325 | $709 | $1,460 | $2,426 | $3,571 |
Source: Ownwell