Sayre, Oklahoma Property Taxes
The median property tax rate in Sayre, OK is 0.74%, 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 Sayre at $107,960, the typical annual property tax bill is around $736, significantly less than the national median of $2,690. Property taxes in Sayre are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sayre'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 Sayre or another part of the city, knowing the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sayre, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$799
Ownwell’s Sayre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sayre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sayre 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 Sayre, Oklahoma
Property taxes in Sayre, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sayre is 0.74%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities in Sayre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sayre 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 Sayre's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73662 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Sayre provides valuable insights into the varying tax landscape across Roger Mills County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sayre Tax Rate
0.74%
Average Roger Mills County Tax Rate
0.65%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sayre, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73662 | 0.51% | 0.64% | 0.74% | 0.92% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Sayre, Oklahoma
In Sayre, 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 Roger Mills 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 Sayre, 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 Sayre is $107,960, with the 25th percentile tax bill at $359 and the 75th percentile tax bill at $1,334. The highest median tax bill is $736 in zip code 73662, while the lowest is also $736 in the same 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 Sayre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sayre Assessed Value
$107,960
Average Roger Mills County Assessed Value
$80,498
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sayre, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73662 | $32,917 | $52,264 | $107,960 | $170,871 | $265,362 |
Source: Ownwell
Property Tax Bills Across Sayre, Oklahoma
Property tax bills in Sayre, Roger Mills County, OK, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Sayre can expect their property tax bills to vary significantly, with the 25th percentile tax bill being around $359, while those in the 75th percentile pay approximately $1,334. The highest median tax bill in the area is $736, which is relatively modest compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These elements combine to determine the final amount a homeowner owes. For instance, a median home price of $107,960 in Sayre would result in different tax liabilities depending on these variables. The property tax system directly impacts homeowners by influencing their annual expenses and potentially affecting the overall affordability of owning a home in Sayre. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Sayre Tax Bill
$736
Average Roger Mills County Tax Bill
$507
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Sayre, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73662 | $218 | $359 | $736 | $1,334 | $2,355 |
Source: Ownwell