Ryan, Oklahoma Property Taxes
The median property tax rate in Ryan, OK is 0.67%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $46,717 in Ryan, the typical annual property tax bill is around $320, significantly less than the national median of $2,690. Property taxes in Ryan are determined based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Ryan's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're residing in the heart of Ryan or another part of Jefferson County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Ryan, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$313
Ownwell’s Ryan Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Ryan. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Ryan to provide a quick estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier for you to plan your finances. For those interested in more detailed insights, you can explore neighborhood-level trends further down the page. Your property's assessed value is determined by the county for tax purposes and considers any applicable exemptions.
Property Tax Rates Across Ryan, Oklahoma
Property taxes in Ryan, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ryan is 0.67%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Ryan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ryan 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 Ryan's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73565 ZIP code has both the highest and lowest median property tax rate of 0.67%, highlighting a uniformity within the area. Understanding how these cities compare with Ryan provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ryan Tax Rate
0.67%
Average Jefferson County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ryan, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73565 | 0.34% | 0.50% | 0.67% | 0.91% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Ryan, Oklahoma
In Ryan, 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 Jefferson 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 Ryan, 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 example, the highest median tax bill in Ryan is $320 in the 73565 zip code. 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 Ryan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ryan Assessed Value
$46,717
Average Jefferson County Assessed Value
$43,058
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ryan, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73565 | $16,842 | $25,747 | $46,717 | $95,646 | $145,048 |
Source: Ownwell
Property Tax Bills Across Ryan, Oklahoma
In Ryan, located in Jefferson County, OK, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Ryan, the median home price is $46,717. Tax bills can vary significantly, with the 25th percentile at $151 and the 75th percentile reaching $683. The 90th percentile can see bills as high as $1,374. Compared to the national median property tax rate of 0.99%, Ryan's property tax bills reflect the local economic conditions and property values. These taxes are crucial as they fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Ryan need to be aware of these factors as they directly impact their annual financial obligations and the overall affordability of owning property in the area.
Average Ryan Tax Bill
$320
Average Jefferson County Tax Bill
$362
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ryan, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73565 | $85 | $151 | $320 | $683 | $1,374 |
Source: Ownwell