Snyder, Kiowa County, Oklahoma Property Taxes
The median property tax rate in Snyder, OK is 0.86%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Snyder, the typical annual property tax bill reaches $362, significantly below the national median of $2,690. Property taxes in Snyder 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 Snyder'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 Snyder 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
Snyder, Kiowa County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$403
$374
Ownwell’s Snyder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snyder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snyder 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 Snyder, Kiowa County, Oklahoma
Property taxes in Snyder, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snyder is 0.86%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Snyder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snyder 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 Snyder's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73566 zip code has the highest median property tax rate of 0.86%, while the same zip code has the lowest median tax rate of 0.86%. Understanding how these cities compare with Snyder provides valuable insights into the varying tax landscape across Kiowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Snyder Tax Rate
0.86%
Average Kiowa County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snyder, Kiowa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73566 | 0.45% | 0.68% | 0.86% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Snyder, Kiowa County, Oklahoma
In Snyder, 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 Kiowa 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 Snyder, 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 Snyder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 73566 at $362, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Snyder, Kiowa County, Oklahoma
Source: Ownwell
$22,648
$47,482
$72,316
Average Snyder Assessed Value
$46,813
Average Kiowa County Assessed Value
$46,198
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Snyder, Kiowa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73566 | $15,083 | $26,511 | $46,813 | $80,776 | $130,463 |
Source: Ownwell
Property Tax Bills Across Snyder, Kiowa County, Oklahoma
In Snyder, located in Kiowa County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Local tax rates are then applied to this assessed value to determine the annual tax bill. For homeowners in Snyder, the median home price is $46,813. Factors influencing the tax bill include the property's assessed value, local tax rate, and any applicable exemptions. The tax bill can vary significantly, with the 25th percentile at $172 and the 90th percentile reaching $1,126. This variability can impact homeowners differently, depending on the value of their property and eligibility for exemptions. While the highest and lowest median tax bills in the area are both $362, it is important for homeowners to understand these calculations to manage their financial planning effectively. Compared to the national median property tax rate of 0.99%, Snyder's rates reflect the local economic conditions and property values.
Average Snyder Tax Bill
$362
Average Kiowa County Tax Bill
$368
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Snyder, Kiowa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73566 | $73 | $172 | $362 | $670 | $1,126 |
Source: Ownwell