Burneyville, Love County, Oklahoma Property Taxes

Name: Property Tax Bills Across Burneyville, Love County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Burneyville, OK effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Burneyville, OK home value: $89,052
Median annual Burneyville, OK tax bill: $582, $1,818 lower than the national median property tax bill of $2,400.

How are property taxes in Love County calculated?

Property taxes in Burneyville, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Burneyville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Burneyville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Burneyville, Love County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$719

$668

Ownwell’s Burneyville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burneyville with just two data points.

By entering your property's estimated assessed value, our calculator applies Burneyville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Love County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Burneyville, Love County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Burneyville, located in Love County, the effective property tax rate is 0.70%. This rate is consistent across the county, making it both the highest and lowest median tax rate in the area. When compared to the national median property tax rate of 1.02%, Burneyville's rate is significantly lower, offering property owners a more affordable tax burden. The national median property tax bill is $2400, which further highlights the potential for savings in Burneyville.

For property owners in Oklahoma, understanding these rates is crucial for financial planning. By appealing or seeking exemptions, homeowners can potentially reduce their property tax liabilities even further, ensuring they are not overpaying.

Property Tax Rates Across Burneyville, Love County, Oklahoma

Source: Ownwell

0.63%

0.84%

1.05%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Burneyville Tax Rate

0.72%

Median Effective Love County Tax Rate

0.89%

Median Effective Oklahoma Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Burneyville, Love County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73430	0.47%	0.59%	0.72%	0.83%	0.89%

Source: Ownwell

Property Tax Assessment Values Across Burneyville, Love County, Oklahoma

When examining property taxes in Burneyville, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Love County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Love County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Burneyville. For example, the median home price in Burneyville is $89,052, with tax bills ranging significantly across the county. Zip code 73430 has the highest median home price at $89,052.

Property Tax Assessment Values Across Burneyville, Love County, Oklahoma

Source: Ownwell

$46,345

$92,788

$139,231

Median Burneyville Market Value

$99,910

Median Love County Market Value

$95,390

Median Oklahoma Market Value

$160,842

Median United States Market Value

$235,294

Property Tax Assessment Values Across Burneyville, Love County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73430	$30,726	$47,870	$99,910	$178,758	$239,417

Source: Ownwell

Property Tax Bills Across Burneyville, Love County, Oklahoma

In Burneyville, located in Love County, OK, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value. With a median home price of $89,052, the property tax bill varies widely. For instance, the 25th percentile tax bill is $285, while the 75th percentile reaches $1,166, and the 90th percentile can be as high as $1,694. Compared to the national median property tax bill of $2,400, Burneyville homeowners generally experience lower tax burdens. However, these taxes can still significantly impact homeowners' finances, especially if the home value increases or the local tax rate changes. Ownwell offers expert assistance to help homeowners potentially reduce their property tax bills by reviewing assessments for errors and filing appeals. By leveraging local market data and knowledge of tax regulations, Ownwell can identify opportunities for savings, ensuring homeowners pay only what they owe.

Property Tax Bills Across Burneyville, Love County, Oklahoma

Source: Ownwell

$294

$858

$1,421

Median Burneyville Tax Bill

$642

Median Love County Tax Bill

$853

Median Oklahoma Tax Bill

$1,339

Median United States Tax Bill

$2,400

Property Tax Bills Across Burneyville, Love County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73430	$192	$300	$642	$1,237	$1,831

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Love Tax Assessor
Website	www.actdatascout.com