Mooreland, Woodward County, Oklahoma Property Taxes
The median property tax rate in Mooreland, OK is 0.65%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $103,349 in Mooreland, the typical annual property tax bill amounts to $623, significantly below the national median of $2,690. Property taxes in Mooreland are calculated based on the assessed value, which is generally less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mooreland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mooreland or another part of Woodward County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mooreland, Woodward County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$672
$623
Ownwell’s Mooreland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mooreland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mooreland 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 Mooreland, Woodward County, Oklahoma
Property taxes in Mooreland, Oklahoma, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mooreland is 0.65%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Mooreland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mooreland 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 Mooreland's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73852 has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Mooreland provides valuable insights into the varying tax landscape across Woodward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mooreland Tax Rate
0.65%
Average Woodward County Tax Rate
0.75%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mooreland, Woodward County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73852 | 0.36% | 0.49% | 0.65% | 0.86% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Mooreland, Woodward County, Oklahoma
In Mooreland, 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 Woodward 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 Mooreland, 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. The median home price in Mooreland is $103,349, with tax bills ranging from $343 at the 25th percentile to $1,653 at the 90th percentile. The zip code with the highest median tax bill is 73852, at $623. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mooreland, Woodward County, Oklahoma
Source: Ownwell
$50,630
$98,804
$146,978
Average Mooreland Assessed Value
$103,349
Average Woodward County Assessed Value
$96,888
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mooreland, Woodward County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73852 | $40,312 | $64,049 | $103,349 | $151,510 | $225,715 |
Source: Ownwell
Property Tax Bills Across Mooreland, Woodward County, Oklahoma
In Mooreland, located in Woodward County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Mooreland is $103,349. To determine the tax bill, local tax rates are applied to this assessed value. Various factors, such as property improvements and changes in market conditions, can influence the assessed value. Homeowners in Mooreland can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is around $343, while at the 75th percentile, it rises to approximately $1,052. At the 90th percentile, it can reach up to $1,653. When compared to the national median property tax rate of 0.99%, Mooreland's tax bills offer a range of financial impacts on homeowners, depending on their property's assessed value. This variation highlights the importance of understanding local tax assessments and planning accordingly.
Average Mooreland Tax Bill
$623
Average Woodward County Tax Bill
$683
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mooreland, Woodward County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73852 | $203 | $343 | $623 | $1,052 | $1,653 |
Source: Ownwell