Osage County, OK Property Tax Search
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In-depth Osage County, OK Property Tax Information
Get in-depth information on all of the factors that affect your targeted property's taxes with a free account. Access a rundown of its value, tax rates and tax exemptions, like in the sample below.
Property Tax Calculation
Section X of the Oklahoma's State Constitution represents the main legal document regarding taxation in the State of Oklahoma. Property taxes are determined at local levels, being used for schools, fire and police protection, and other public services and benefits.
Osage County Assessor determines the market value for all taxable real property in the county. Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
| Land value | $15,050 | ||||||
| Improvement value | + | $87,613 | |||||
| Market value | = | $102,663 | |||||
Gross Assessed Value
Osage County Assessor is also responsible for establishing the assessed value of properties. Assessed value is calculated by multiplying taxable market value with assessment ratio, which, currently is 11%. The assessment process takes place every year.
| Land value | $1,764 | ||||||
| Improvement value | + | $8,294 | |||||
| Assessed value | = | $10,058 | |||||
Exemptions and Net Assessed Value
Net assessed value represents the gross assessed value less any tax exemptions that apply. Several exemptions are available in Osage County, which may lower the property's tax bill.
| Gross assessed value | $10,058 | ||||||
| Exemption value | - | $1,000 | |||||
| Net assessed value | = | $9,058 | |||||
Property Tax
Base tax is calculated by multiplying the property's net assessed value by the total millage rates applicable to it and is an estimate of what an owner not benefiting from any exemptions would pay. The rates are expressed as millages (i.e the actual rates multiplied by 1000).
| Tax description | Assessed value | Millage rate | Tax amount | ||
|---|---|---|---|---|---|
| Woodland | $10,058 | x | 75.3800 | = | $758.17 |
| Base tax | $10,058 | x | 75.3800 | = | $758 |
Current tax represents the amount the present owner pays including exemptions.
| Tax description | Taxable value | Millage rate | Tax amount | ||
|---|---|---|---|---|---|
| Current tax | $9,058 | x | 75.3800 | = | $683 |
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs, staid aid credit and special districts charges. For more information please visit the web pages of Osage County's Assessor, Treasurer or look up property's current valuation and tax situation.
Frequently Asked Questions on Property Taxes
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