Sayre, Oklahoma Property Taxes
The median property tax rate in Sayre, OK is 0.96%, slightly below both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Sayre at $115,291, the typical annual property tax bill is approximately $1,102, which is significantly lower than the national median of $2,690. Property taxes in Sayre are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. 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, comprehending the local property tax system is beneficial for 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
0.96%
Estimate Property Tax Bill
$1,107
Ownwell’s Sayre Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to 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 provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Sayre, Oklahoma
Property taxes in Sayre, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sayre is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within 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 73662 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Sayre provides valuable insights into the varying tax landscape across Beckham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sayre Tax Rate
0.96%
Average Greer County Tax Rate
0.93%
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 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
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 Beckham 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. 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. The median home price in Sayre is $115,291, with the highest and lowest median tax bills both being $1,102 in the 73662 zip code.
Average Sayre Assessed Value
$115,291
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 Sayre, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73662 | $115,291 | $115,291 | $115,291 | $115,291 | $115,291 |
Source: Ownwell
Property Tax Bills Across Sayre, Oklahoma
In Sayre, Oklahoma, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. In Sayre, the median home price is $115,291, and the property tax rate is relatively modest compared to the national median of 0.99%. Homeowners in Sayre can expect a median tax bill of around $1,102, regardless of the percentile, which is consistent across various properties in the area. This uniformity suggests a stable tax environment, providing predictability for homeowners. The property tax bill in Sayre is crucial for funding local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners plan their finances and appreciate the value they receive from their contributions to the community.
Average Sayre Tax Bill
$1,102
Average Greer County Tax Bill
$334
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 | $1,102 | $1,102 | $1,102 | $1,102 | $1,102 |
Source: Ownwell