Pocasset, Grady County, Oklahoma Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Pocasset’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.

In Pocasset, located in Grady County, the effective property tax rate is 0.84%. This rate is consistent across Grady County, making it both the highest and lowest within the region. When compared to the national median property tax rate of 1.02%, Pocasset's rate is notably lower. The national median property tax bill stands at $2400, which provides a useful benchmark for understanding local property tax burdens. Understanding these comparisons can help property owners in Pocasset make informed decisions about their property tax obligations and potential savings through appeals or exemptions.

In Pocasset, located in Grady County, OK, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, and this rate can vary depending on local policies. The median home price in Pocasset is $130,052, which influences the property tax bill. Homeowners in Pocasset typically pay a median property tax bill of $1,023, which is significantly below the national median of $2,400. However, tax bills can range from $516 at the 25th percentile to $3,130 at the 90th percentile, reflecting variations in property values and assessment rates.

For homeowners seeking to reduce their property tax bills, Ownwell offers valuable services. By providing expert property tax appeal and exemption services, Ownwell can help homeowners identify discrepancies in their assessments or qualify for exemptions, potentially lowering their tax bills. With a deep understanding of local tax laws, Ownwell ensures homeowners in Pocasset only pay their fair share, offering peace of mind and potential savings.