Blair, Oklahoma Property Taxes
The median property tax rate in Blair, OK is 0.86%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Blair at $80,431, the typical annual property tax bill is $544, significantly below the national median of $2,690. Property taxes in Blair 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 Blair's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blair or another part of Jackson County, grasping 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
0.86%
Estimate Property Tax Bill
$692
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blair is 0.86%, which is lower than 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 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Blair provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blair Tax Rate
0.86%
Average Jackson County Tax Rate
0.91%
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 | 0.43% | 0.61% | 0.86% | 1.02% | 1.11% |
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 Jackson 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 Blair, 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. For instance, the median home price in Blair is $80,431, with tax bills ranging from $282 at the 25th percentile to $2,160 at the 90th percentile. The highest and lowest median tax bills in Blair are both $544, found in zip code 73526. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blair Assessed Value
$80,431
Average Jackson County Assessed Value
$62,313
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 | $24,758 | $41,626 | $80,431 | $141,331 | $246,559 |
Source: Ownwell
Property Tax Bills Across Blair, Oklahoma
In Blair, Jackson County, OK, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Various factors such as location, size, and property condition are considered in this assessment. Homeowners in Blair can expect their tax bills to vary significantly, with the 25th percentile tax bill around $282 and the 75th percentile reaching up to $1,104. For those at the 90th percentile, tax bills can be as high as $2,160. These property taxes fund essential local services like schools, roads, and emergency services, directly impacting the community's quality of life. Comparatively, Blair's property tax rates may seem more favorable when contrasted with the national median property tax rate of 0.99%. With a median home price of $80,431, homeowners in Blair benefit from relatively lower property tax bills, making it a potentially attractive location for those looking to manage their annual expenses effectively.
Average Blair Tax Bill
$544
Average Jackson County Tax Bill
$496
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 | $173 | $282 | $544 | $1,104 | $2,160 |
Source: Ownwell