Aline, Woods County, Oklahoma Property Taxes
The median property tax rate in Aline, OK is 0.54%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Aline at $184,451, the typical annual property tax bill amounts to $990, which is well below the national median of $2,690. Property taxes in Aline 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 Aline'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 Aline or another part of Woods County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aline, Woods County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$996
$924
Ownwell’s Aline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aline 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 Aline, Woods County, Oklahoma
Property taxes in Aline, Oklahoma, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Aline is 0.54%, which is significantly lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Aline set these rates annually, and they can vary across different neighborhoods. Each year, Aline 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 Aline's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73716 has both the highest and lowest median property tax rate of 0.54%. Understanding how these areas compare with Aline provides valuable insights into the varying tax landscape across Woods County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aline Tax Rate
0.54%
Average Woods County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aline, Woods County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73716 | 0.36% | 0.49% | 0.54% | 0.66% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Aline, Woods County, Oklahoma
In Aline, 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 Woods 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 Aline, 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 Aline is $184,451, with tax bills ranging from $490 at the 25th percentile to $1,818 at the 90th percentile. 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 Aline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Aline, Woods County, Oklahoma
Source: Ownwell
$54,915
$119,683
$184,451
Average Aline Assessed Value
$184,451
Average Woods County Assessed Value
$89,049
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aline, Woods County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73716 | $61,929 | $98,432 | $184,451 | $229,111 | $275,785 |
Source: Ownwell
Property Tax Bills Across Aline, Woods County, Oklahoma
In Aline, OK, within Woods County, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of its market value. Local tax rates are then applied to this assessed value to determine the annual tax bill. For homeowners in Aline, the median home price is $184,451, and the property tax rate is aligned with the national median of 0.99%. Tax bills can vary significantly, with the 25th percentile at $490 and the 75th percentile reaching $1,226. At the higher end, the 90th percentile tax bill can be as much as $1,818. The highest and lowest median tax bills in the area are both recorded at $990, indicating a consistent tax rate across different properties. These property taxes fund essential local services such as schools, emergency services, and infrastructure, directly impacting the quality of life for homeowners. Understanding these factors helps homeowners budget effectively and anticipate their annual financial obligations.
Average Aline Tax Bill
$990
Average Woods County Tax Bill
$565
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Aline, Woods County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73716 | $269 | $490 | $990 | $1,226 | $1,818 |
Source: Ownwell