Konawa, Seminole County, Oklahoma Property Taxes
The median property tax rate in Konawa, OK is 0.49%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Konawa, the typical annual property tax bill reaches $296, significantly below the national median of $2,690. Property taxes in Konawa 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 Konawa'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 Konawa 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
Konawa, Seminole County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$314
$292
Ownwell’s Konawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Konawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Konawa 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 Konawa, Seminole County, Oklahoma
Property taxes in Konawa, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Konawa is 0.49%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Konawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Konawa 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 Konawa's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74849 zip code in Konawa has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Konawa provides valuable insights into the varying tax landscape across Seminole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Konawa Tax Rate
0.49%
Average Seminole County Tax Rate
0.75%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Konawa, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | 0.28% | 0.39% | 0.49% | 0.67% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Konawa, Seminole County, Oklahoma
In Konawa, 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 Seminole 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 Konawa, 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. The median home price in Konawa is $64,143, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $150, while the 75th percentile reaches $597, and the 90th percentile can go up to $974. Notably, the highest and lowest median tax bills are both $296 in zip code 74849. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Konawa, Seminole County, Oklahoma
Source: Ownwell
$48,388
$82,567
$116,746
Average Konawa Assessed Value
$64,143
Average Seminole County Assessed Value
$62,317
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Konawa, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | $20,583 | $33,293 | $64,143 | $115,319 | $175,795 |
Source: Ownwell
Property Tax Bills Across Konawa, Seminole County, Oklahoma
In Konawa, located in Seminole County, OK, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a fraction of the home's market value, calculated by local assessors. For instance, with a median home price of $64,143, homeowners can expect varying tax bills based on their property's assessed value and the applicable tax rate. Factors influencing the tax bill include property characteristics, market conditions, and any applicable exemptions. The tax bill in Konawa ranges significantly, with the 25th percentile at $150 and the 75th percentile at $597, reflecting the diversity in property values and assessments. Homeowners in the 90th percentile face tax bills up to $974. Compared to the national median property tax rate of 0.99%, Konawa's property tax rates can be relatively manageable, but they still impact household budgets. Understanding these factors helps homeowners anticipate and plan for their annual property tax obligations.
Average Konawa Tax Bill
$296
Average Seminole County Tax Bill
$442
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Konawa, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74849 | $87 | $150 | $296 | $597 | $974 |
Source: Ownwell