Wyandotte, Oklahoma Property Taxes
The median property tax rate in Wyandotte, Oklahoma is 0.62%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $102,465 in Wyandotte, the typical annual property tax bill is $584, well below the national median of $2,690. Property taxes in Wyandotte 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 Wyandotte'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 Wyandotte 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
Wyandotte, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$635
Ownwell’s WYANDOTTE Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in WYANDOTTE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WYANDOTTE 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 Wyandotte, Oklahoma
Property taxes in Wyandotte, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyandotte is 0.62%, notably lower than the U.S. national median of 0.99%. Local government entities within Wyandotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyandotte 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 Wyandotte's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74370 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these areas compare with Wyandotte provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wyandotte Tax Rate
0.62%
Average Delaware County Tax Rate
0.78%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyandotte, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74370 | 0.38% | 0.50% | 0.62% | 0.72% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Wyandotte, Oklahoma
In Wyandotte, 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 Delaware County Appraisal District 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 Wyandotte, 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. Being aware of these valuation processes in Wyandotte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wyandotte are both $584, found in the 74370 zip code.
Average Wyandotte Assessed Value
$102,465
Average Delaware County Assessed Value
$141,764
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wyandotte, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74370 | $32,002 | $60,425 | $102,465 | $153,212 | $232,256 |
Source: Ownwell
Property Tax Bills Across Wyandotte, Oklahoma
Property tax bills in Wyandotte, Delaware County, OK, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $102,465, the tax bill can range significantly. Homeowners in the 25th percentile might see a tax bill around $290, while those in the 75th percentile could pay approximately $960. At the 90th percentile, the tax bill can reach up to $1,507. These variations depend on several factors, including the property's location, size, and condition. The highest and lowest median tax bills in the area are both $584, specifically in the zip code 74370. Compared to the national median property tax rate of 0.99%, homeowners in Wyandotte can expect their property tax bills to be relatively moderate. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly.
Average Wyandotte Tax Bill
$584
Average Delaware County Tax Bill
$1,031
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyandotte, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74370 | $153 | $290 | $584 | $960 | $1,507 |
Source: Ownwell