Hardesty, Texas County, Oklahoma Property Taxes
The median property tax rate in Hardesty, OK is 0.45%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Hardesty at $69,960, the typical annual property tax bill is $316, well below the national median of $2,690. Property taxes in Hardesty 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 Hardesty'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 Hardesty 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
Hardesty, Texas County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$315
$292
Ownwell’s Haresty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haresty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haresty 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 Hardesty, Texas County, Oklahoma
Property taxes in Hardesty, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hardesty is 0.45%, significantly lower than the U.S. national median of 0.99%. Local government entities within Hardesty set these rates annually, and they can vary across different neighborhoods. Each year, Hardesty 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 Hardesty's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73944 zip code has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Hardesty provides valuable insights into the varying tax landscape across Texas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hardesty Tax Rate
0.45%
Average Texas County Tax Rate
0.69%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardesty, Texas County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73944 | 0.24% | 0.33% | 0.45% | 0.69% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Hardesty, Texas County, Oklahoma
In Hardesty, 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 Texas 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 Hardesty, 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 Hardesty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hardesty's zip code 73944 are both $316.
Property Tax Assessment Values Across Hardesty, Texas County, Oklahoma
Source: Ownwell
$69,960
$95,504
$121,048
Average Hardesty Assessed Value
$69,960
Average Texas County Assessed Value
$112,882
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardesty, Texas County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73944 | $29,054 | $48,240 | $69,960 | $102,684 | $181,426 |
Source: Ownwell
Property Tax Bills Across Hardesty, Texas County, Oklahoma
In Hardesty, located in Texas County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Hardesty is $69,960. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Hardesty can expect a range of property tax bills. The 25th percentile tax bill is $174, while at the 75th percentile, it is $524. For those at the 90th percentile, the tax bill can reach up to $730. This variability affects homeowners differently, depending on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Hardesty's property tax bills reflect the local economic conditions and property values. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Hardesty Tax Bill
$316
Average Texas County Tax Bill
$698
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardesty, Texas County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73944 | $125 | $174 | $316 | $524 | $730 |
Source: Ownwell