Vian, Oklahoma Property Taxes
The median property tax rate in Vian, OK is 0.95%, slightly below both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Vian at $64,150, the typical annual property tax bill is $556, significantly lower than the national median of $2,690. Property taxes in Vian are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Vian'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 Vian 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
Vian, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$609
Ownwell’s Vian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vian 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 Vian, Oklahoma
Property taxes in Vian, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vian is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Vian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vian 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 Vian's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74962 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Vian provides valuable insights into the varying tax landscape across Sequoyah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vian Tax Rate
0.95%
Average Sequoyah County Tax Rate
0.74%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vian, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74962 | 0.44% | 0.71% | 0.95% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Vian, Oklahoma
In Vian, 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 Sequoyah County Appraisal District 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 Vian, 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 Vian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Vian is $64,150, with the highest and lowest median tax bills both at $556 in zip code 74962.
Average Vian Assessed Value
$64,150
Average Sequoyah County Assessed Value
$80,752
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vian, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74962 | $18,450 | $36,688 | $64,150 | $117,025 | $202,172 |
Source: Ownwell
Property Tax Bills Across Vian, Oklahoma
In Vian, located in Sequoyah County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including property location, size, and improvements. For instance, the median home price in Vian is $64,150, and property tax bills can vary significantly within the area. Homeowners in the 25th percentile pay around $279 annually, while those in the 75th percentile face bills of approximately $1,046. At the higher end, the 90th percentile sees tax bills reaching $1,951. These variations reflect differences in property values and local tax rates, impacting homeowners' financial obligations. Compared to the national median property tax rate of 0.99%, Vian’s rates offer a unique perspective on property tax burdens within the region.
Average Vian Tax Bill
$556
Average Sequoyah County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Vian, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74962 | $130 | $279 | $556 | $1,046 | $1,951 |
Source: Ownwell