Adair, Mayes County, Oklahoma Property Taxes
The median property tax rate in Adair, OK is 0.72%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $181,000 in Adair, the typical annual property tax bill is about $1,213, well below the national median of $2,690. Property taxes in Adair are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Adair'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 Adair or another part of Mayes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adair, Mayes County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,303
$1,209
Ownwell’s Adair Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adair 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 Adair, Mayes County, Oklahoma
Property taxes in Adair, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adair is 0.51%, significantly lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Adair set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adair 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 Adair's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the highest median property tax rate in Oklahoma is 1.17% in 73044, while the lowest median tax rate is 0.38% in 73749. Understanding how these cities compare with Adair provides valuable insights into the varying tax landscape across Mayes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adair Tax Rate
0.72%
Average Mayes County Tax Rate
0.66%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adair, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74330 | 0.39% | 0.57% | 0.72% | 0.86% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Adair, Mayes County, Oklahoma
In Adair, 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 Mayes 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. 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 Adair helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mayes County is in the 74330 zip code, amounting to $1,213, while the lowest median tax bill is also in the 74330 zip code at $1,213.
Property Tax Assessment Values Across Adair, Mayes County, Oklahoma
Source: Ownwell
$63,166
$311,123
$559,080
Average Adair Assessed Value
$181,000
Average Mayes County Assessed Value
$160,424
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adair, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74330 | $78,368 | $119,576 | $181,000 | $276,440 | $391,541 |
Source: Ownwell
Property Tax Bills Across Adair, Mayes County, Oklahoma
In Adair, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, the median home price in Adair is $181,000. Homeowners in the 25th percentile can expect a tax bill around $742, while those in the 75th percentile might see bills closer to $2,080. At the 90th percentile, the tax bill could escalate to approximately $3,160. Several factors influence these amounts, including the property's location within Mayes County, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Adair’s rates are relatively moderate, providing a balanced approach for homeowners. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Adair Tax Bill
$1,213
Average Mayes County Tax Bill
$998
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Adair, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74330 | $425 | $742 | $1,213 | $2,080 | $3,160 |
Source: Ownwell