Porter, Wagoner County, Oklahoma Property Taxes
The median property tax rate in Porter, OK is 0.69%, lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value in Porter of $132,131, the typical annual property tax bill is $748, significantly below the national median of $2,690. Property taxes in Porter are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Porter’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 Porter 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
Porter, Wagoner County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$912
$846
Ownwell’s Porter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Porter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Porter 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 Porter, Wagoner County, Oklahoma
Property taxes in Porter, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Porter is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Porter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Porter 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. Understanding how Porter compares with other regions provides valuable insights into the varying tax landscape across Wagoner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Porter Tax Rate
0.69%
Average Wagoner County Tax Rate
0.86%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Porter, Wagoner County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74454 | 0.28% | 0.49% | 0.69% | 0.87% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Porter, Wagoner County, Oklahoma
In Porter, 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 Wagoner County Assessor's Office 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 Porter, 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 Porter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74454 has the highest and lowest median tax bill of $748.
Property Tax Assessment Values Across Porter, Wagoner County, Oklahoma
Source: Ownwell
$20,490
$136,441
$252,392
Average Porter Assessed Value
$132,131
Average Wagoner County Assessed Value
$214,676
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Porter, Wagoner County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74454 | $22,942 | $60,156 | $132,131 | $239,184 | $339,283 |
Source: Ownwell
Property Tax Bills Across Porter, Wagoner County, Oklahoma
In Porter, located in Wagoner County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Porter can expect their property tax bills to vary significantly depending on their property's assessed value. The median home price in Porter is $132,131, and property tax bills range from $319 at the 25th percentile to $1,629 at the 75th percentile, with the 90th percentile reaching up to $2,648. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The local tax rate is applied to the assessed value to determine the final tax bill. For homeowners, higher property taxes can impact monthly mortgage payments and overall affordability. Comparing these figures to the national median property tax rate of 0.99%, Porter's tax rates and bills are relatively moderate, providing a balanced environment for property owners.
Average Porter Tax Bill
$748
Average Wagoner County Tax Bill
$1,718
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Porter, Wagoner County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74454 | $123 | $319 | $748 | $1,629 | $2,648 |
Source: Ownwell