Sapulpa, Oklahoma Property Taxes
The median property tax rate in Sapulpa, OK is 1.05%, slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Sapulpa, the typical annual property tax bill reaches $160, which is significantly lower than the national median of $2,690. Property taxes in Sapulpa are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sapulpa'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 Sapulpa 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
Sapulpa, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$202
Ownwell’s Sapulpa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sapulpa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sapulpa 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 Sapulpa, Oklahoma
Property taxes in Sapulpa, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sapulpa is 0.88%, slightly lower than the Oklahoma state median of 0.90% and below the U.S. national median of 0.99%. Local government entities within Sapulpa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sapulpa 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 Sapulpa's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74066 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Sapulpa provides valuable insights into the varying tax landscape across Creek County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sapulpa Tax Rate
1.05%
Average Tulsa County Tax Rate
1.31%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sapulpa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74066 | 0.43% | 0.70% | 1.05% | 1.23% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Sapulpa, Oklahoma
In Sapulpa, 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 Tulsa 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 Sapulpa, 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 Sapulpa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 74066 has the highest and lowest median tax bill of $160.
Average Sapulpa Assessed Value
$19,238
Average Tulsa County Assessed Value
$152,469
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sapulpa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74066 | $7,158 | $10,331 | $19,238 | $27,644 | $39,140 |
Source: Ownwell
Property Tax Bills Across Sapulpa, Oklahoma
In Sapulpa, located in Tulsa County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors influence this calculation, including the home's location, size, and condition. For instance, the median home price in Sapulpa is $19,238, which results in a median tax bill of $160.00, aligning with both the highest and lowest median tax bills in the area. Homeowners in the 25th percentile might see tax bills around $79, while those in the 75th percentile could pay up to $464. At the 90th percentile, tax bills can reach $1,018. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the community's quality of life. Understanding how these factors come together helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Sapulpa Tax Bill
$160
Average Tulsa County Tax Bill
$1,876
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Sapulpa, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74066 | $38 | $79 | $160 | $464 | $1,018 |
Source: Ownwell