Nowata, Nowata County, Oklahoma Property Taxes
Median Nowata, OK effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Nowata, OK home value: $70,212
Median annual Nowata, OK tax bill: $541, $1,859 lower than the national median property tax bill of $2,400.
How are property taxes in Nowata County calculated?
Property taxes in Nowata, 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 Nowata’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nowata, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nowata, Nowata County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$576
$534
Property Tax Rates Across Nowata, Nowata County, Oklahoma
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 Nowata Tax Rate
0.82%
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 Nowata County Tax Rate
0.83%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nowata, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74048 | 0.35% | 0.56% | 0.82% | 1.09% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Nowata, Nowata County, Oklahoma
When examining property taxes in Nowata, 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 Nowata County Assessor's Office 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.
In Nowata County, assessment notices are sent 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 Nowata. For example, the median home price in Nowata is $70,212, with tax bills ranging significantly across the county. ZIP code 74048 has the highest median home price at $70,212.
Property Tax Assessment Values Across Nowata, Nowata County, Oklahoma
Source: Ownwell
$47,188
$97,325
$147,462
Median Nowata Market Value
$70,212
Median Nowata County Market Value
$71,248
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nowata, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74048 | $22,539 | $40,454 | $70,212 | $133,386 | $225,348 |
Source: Ownwell
Property Tax Bills Across Nowata, Nowata County, Oklahoma
In Nowata, OK, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of its market value. The local tax rate is then applied to this assessed value, determining the annual property tax bill. Factors influencing the tax bill include changes in assessed property values and local tax rates. Homeowners in Nowata experience a range of tax bills, with the 25th percentile at $276 and the 75th percentile reaching $1,044. The highest median tax bill in the area is $541, significantly lower than the national median property tax bill of $2,400, reflecting the region's lower property values and tax rates.
These property taxes can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. Ownwell assists homeowners by providing property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying on their property taxes, offering peace of mind and potential savings.
Median Nowata Tax Bill
$541
Median Nowata County Tax Bill
$541
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Nowata, Nowata County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74048 | $129 | $276 | $541 | $1,044 | $1,967 |
Source: Ownwell