Skiatook, Tulsa County, Oklahoma Property Taxes
The median property tax rate in Skiatook, OK is 1.22%, which is higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Skiatook, the typical annual property tax bill reaches $1,318, which is below the national median of $2,690. Property taxes in Skiatook 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 Skiatook'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 Skiatook or another part of Tulsa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Skiatook, Tulsa County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,380
$1,281
Ownwell’s Skiatook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skiatook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skiatook 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 Skiatook, Tulsa County, Oklahoma
Property taxes in Skiatook, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Skiatook is 1.22%, significantly higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Skiatook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skiatook 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 Skiatook's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74070 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Skiatook provides valuable insights into the varying tax landscape across Tulsa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Skiatook Tax Rate
1.22%
Average Tulsa County Tax Rate
1.31%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skiatook, Tulsa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74070 | 0.91% | 1.12% | 1.22% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Skiatook, Tulsa County, Oklahoma
In Skiatook, 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 Tulsa 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 Skiatook, 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 Skiatook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74070 has the highest and lowest median tax bill, both at $1,318.
Property Tax Assessment Values Across Skiatook, Tulsa County, Oklahoma
Source: Ownwell
$19,238
$162,439
$305,640
Average Skiatook Assessed Value
$113,131
Average Tulsa County Assessed Value
$152,469
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Skiatook, Tulsa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74070 | $38,301 | $67,326 | $113,131 | $243,360 | $319,137 |
Source: Ownwell
Property Tax Bills Across Skiatook, Tulsa County, Oklahoma
In Skiatook, located in Tulsa County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For instance, with a median home price of $113,131, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $728, while those in the 75th percentile may see bills up to $2,904. At the 90th percentile, tax bills can reach $3,880. Several factors influence the final tax bill, including the home's location, size, and condition, as well as the local tax rate set by the county. This rate is applied to the assessed value to determine the annual property tax. Homeowners in Skiatook should be aware that their tax bills can vary widely, impacting their annual financial planning. The highest and lowest median tax bills in the area are both $1,318, indicating a relatively consistent tax environment compared to the national median property tax rate of 0.99%.
Average Skiatook Tax Bill
$1,318
Average Tulsa County Tax Bill
$1,876
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Skiatook, Tulsa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74070 | $407 | $728 | $1,318 | $2,904 | $3,880 |
Source: Ownwell