Blair, Oklahoma Property Taxes
The median property tax rate in Blair, OK is 0.81%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value in Blair of $89,694, the typical annual property tax bill is $836, significantly below the national median of $2,690. Property taxes in Blair are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Blair'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 Blair or another part of Greer County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blair, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$727
Ownwell’s Blair Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blair 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 Blair, Oklahoma
Property taxes in Blair, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blair is 0.81%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Blair set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blair 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 Blair's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the ZIP code 73526 has the highest median property tax rate of 0.81%, while the same ZIP code also represents the lowest median tax rate of 0.81%. Understanding how these cities compare with Blair provides valuable insights into the varying tax landscape across Greer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blair Tax Rate
0.81%
Average Greer County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blair, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73526 | 0.42% | 0.61% | 0.81% | 0.90% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Blair, Oklahoma
In Blair, 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 Greer 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. 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 Blair helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Blair is $836 in zip code 73526, which also has the lowest median tax bill.
Average Blair Assessed Value
$89,694
Average Greer County Assessed Value
$39,958
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blair, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73526 | $45,508 | $56,754 | $89,694 | $140,434 | $170,643 |
Source: Ownwell
Property Tax Bills Across Blair, Oklahoma
In Blair, located in Greer County, Oklahoma, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the property's market value. For homeowners in Blair, the median home price stands at $89,694. Property tax rates in Blair are influenced by various factors, including local government budgets and school district funding needs. The resulting tax bill can vary significantly. For instance, the 25th percentile tax bill is $409, while the 75th percentile tax bill reaches $1,080, and the 90th percentile tax bill is $1,210. These variations highlight how different property values and local tax rates impact homeowners differently. Comparatively, the national median property tax rate is 0.99%, which provides a useful benchmark for understanding local property tax burdens. Homeowners in Blair should be aware of these factors as they directly influence their annual property tax bills, affecting their overall cost of homeownership.
Average Blair Tax Bill
$836
Average Greer County Tax Bill
$334
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Blair, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73526 | $130 | $409 | $836 | $1,080 | $1,210 |
Source: Ownwell