Greer County, Oklahoma Property Taxes
The median property tax rate in Greer County is 0.93%, 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 Greer County, the typical annual property tax bill is $334, significantly below the national median of $2,690. Property taxes in Greer County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Greer County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Mangum or another part of Greer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greer County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$372
$345
Ownwell’s Greer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Greer County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Greer County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Greer County, Oklahoma
Property taxes in Greer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Greer County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Greer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Greer County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Greer County's effective property tax rate with other areas in Oklahoma and the national median. For comparison, the city of Sayre has one of the higher property tax rates in Oklahoma at 0.96%, while the city of Duke boasts one of the lowest at 0.76%. Analyzing how Greer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Greer County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Greer County, Oklahoma
In Greer County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Greer County Appraisal District. The assessed value, however, 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 in Greer County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is in Sayre at $1,102, while Duke has the lowest at $290. Being aware of these valuation processes in Greer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Greer County Assessed Value
$39,958
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greer County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blair | $45,508 | $56,754 | $89,694 | $140,434 | $170,643 |
| Duke | N/A | N/A | N/A | N/A | N/A |
| Granite | $17,370 | $27,151 | $47,286 | $89,019 | $135,285 |
| Lone Wolf | N/A | N/A | N/A | N/A | N/A |
| Mangum | $16,755 | $22,897 | $36,562 | $65,929 | $109,035 |
| Sayre | N/A | N/A | N/A | N/A | N/A |
| Willow | $15,850 | $27,338 | $47,893 | $81,200 | $143,588 |
Source: Ownwell
Property Tax Bills Across Greer County, Oklahoma
In Greer County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $39,958. Local tax authorities then apply the county's tax rate to this assessed value to determine the annual tax bill. Various factors, such as property location and any applicable exemptions, can influence the final amount. For instance, the tax bill for the 25th percentile is $201, while the 75th percentile reaches $664, and the 90th percentile climbs to $1069. Homeowners in Sayre face the highest median tax bill at $1102, whereas those in Duke enjoy the lowest at $290. Compared to the national median property tax rate of 0.99%, Greer County's tax bills are relatively modest, which can be a financial relief for homeowners. Understanding these factors helps residents anticipate their property tax obligations and budget accordingly.
Average Greer County Tax Bill
$334
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690