Lindsay, Oklahoma Property Taxes
The median property tax rate in Lindsay, OK is 0.83%, 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 Lindsay at $95,748, the typical annual property tax bill is $813, well below the national median of $2,690. Property taxes in Lindsay are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lindsay'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 Lindsay 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
Lindsay, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$795
Ownwell’s Lindsay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsay 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 Lindsay, Oklahoma
Property taxes in Lindsay, Oklahoma, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsay is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Lindsay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsay 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 Lindsay's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73052 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Lindsay provides valuable insights into the varying tax landscape across Grady County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsay Tax Rate
0.83%
Average Grady County Tax Rate
1.03%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsay, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73052 | 0.38% | 0.56% | 0.83% | 0.95% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Lindsay, Oklahoma
In Lindsay, 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 Grady 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. 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 Lindsay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lindsay are both $813, found in the 73052 zip code.
Average Lindsay Assessed Value
$95,748
Average Grady County Assessed Value
$126,704
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindsay, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73052 | $49,363 | $68,377 | $95,748 | $159,645 | $235,576 |
Source: Ownwell
Property Tax Bills Across Lindsay, Oklahoma
In Lindsay, located in Grady County, OK, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Lindsay is $95,748. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Lindsay typically see tax bills ranging from $492 at the 25th percentile to $2,053 at the 90th percentile, with the highest and lowest median tax bills both being $813 in the 73052 zip code. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund vital community services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Lindsay homeowners benefit from relatively lower tax rates, making it an attractive option for those looking to manage their housing costs effectively. This system ensures that property taxes are equitably distributed based on property values, impacting the overall financial planning for homeowners.
Average Lindsay Tax Bill
$813
Average Grady County Tax Bill
$1,186
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsay, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73052 | $228 | $492 | $813 | $1,453 | $2,053 |
Source: Ownwell