Guthrie, Oklahoma Property Taxes
The median property tax rate in Guthrie, OK is 0.94%, which is slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Guthrie at $134,668, the typical annual property tax bill amounts to $1,148, falling below the national median of $2,690. Property taxes in Guthrie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Guthrie'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 Guthrie 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
Guthrie, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,266
Ownwell’s Guthrie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guthrie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guthrie 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 Guthrie, Oklahoma
Property taxes in Guthrie, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guthrie is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Guthrie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guthrie 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 Guthrie's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73044 has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Guthrie provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guthrie Tax Rate
0.94%
Average Logan County Tax Rate
0.98%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guthrie, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73044 | 0.60% | 0.81% | 0.94% | 1.01% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Guthrie, Oklahoma
In Guthrie, 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 Logan 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. In Guthrie, 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 Guthrie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 73044 has both the highest and lowest median tax bills at $1,148.
Average Guthrie Assessed Value
$134,668
Average Logan County Assessed Value
$165,842
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guthrie, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73044 | $35,110 | $65,580 | $134,668 | $237,715 | $313,618 |
Source: Ownwell
Property Tax Bills Across Guthrie, Oklahoma
In Guthrie, located in Logan County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Guthrie can expect their property tax bills to vary significantly, influenced by factors such as property size, location, and local tax rates. For example, the median home price in Guthrie is $134,668. Property tax bills can range widely, with the 25th percentile at $518 and the 75th percentile reaching $2,202. The highest median tax bill recorded in the area is $1,148. These figures indicate that while some homeowners may enjoy relatively low property taxes, others could face higher bills depending on the specifics of their property. Compared to the national median property tax rate of 0.99%, Guthrie's property taxes can be seen as relatively moderate, impacting homeowners' annual expenses based on their property's assessed value.
Average Guthrie Tax Bill
$1,148
Average Logan County Tax Bill
$1,451
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Guthrie, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73044 | $234 | $518 | $1,148 | $2,202 | $3,026 |
Source: Ownwell