Sawyer, Oklahoma Property Taxes
The median property tax rate in Sawyer, OK is 0.57%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $90,345 in Sawyer, the typical annual property tax bill is $452, well below the national median of $2,690. Property taxes in Sawyer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sawyer'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 Sawyer or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sawyer, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$515
Ownwell’s Sawyer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sawyer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sawyer 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 Sawyer, Oklahoma
Property taxes in Sawyer, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sawyer is 0.57%, which is below the U.S. national median of 0.99%. Local government entities within Sawyer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sawyer 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 Sawyer's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74756 has both the highest and lowest median property tax rate of 0.57%, matching Sawyer's rate. Understanding how these areas compare with Sawyer provides valuable insights into the varying tax landscape across Choctaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sawyer Tax Rate
0.57%
Average Choctaw County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sawyer, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74756 | 0.19% | 0.35% | 0.57% | 0.74% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Sawyer, Oklahoma
In Sawyer, 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 Choctaw 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 Sawyer, 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. For instance, the highest median tax bill in Sawyer is $452 in the 74756 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sawyer Assessed Value
$90,345
Average Choctaw County Assessed Value
$60,068
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sawyer, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74756 | $24,313 | $48,160 | $90,345 | $152,191 | $239,277 |
Source: Ownwell
Property Tax Bills Across Sawyer, Oklahoma
In Sawyer, Choctaw County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Sawyer typically see a range of property tax bills, reflecting the varying home values in the area. The tax bill is influenced by several factors, including the assessed value of the property and the local tax rate. For instance, the median home price in Sawyer is $90,345. Homeowners at the 25th percentile pay around $198 annually, while those at the 75th percentile pay approximately $837. At the 90th percentile, the tax bill can go up to $1,545. These property taxes contribute to essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Sawyer's rates offer a relatively affordable option for homeowners, ensuring they receive valuable services while maintaining manageable tax obligations.
Average Sawyer Tax Bill
$452
Average Choctaw County Tax Bill
$370
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Sawyer, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74756 | $78 | $198 | $452 | $837 | $1,545 |
Source: Ownwell