Pryor, Mayes County, Oklahoma Property Taxes
The median property tax rate in Pryor, OK is 0.65%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Pryor at $174,302, the typical annual property tax bill comes to $1,061, well below the national median of $2,690. Property taxes in Pryor are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pryor'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 Pryor 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
Pryor, Mayes County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,133
$1,051
Ownwell’s Pryor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pryor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pryor 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 Pryor, Mayes County, Oklahoma
Property taxes in Pryor, Oklahoma, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pryor is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Pryor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pryor 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 Pryor's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74361 zip code has the same median property tax rate of 0.65%. Understanding how these areas compare with Pryor 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 Pryor Tax Rate
0.65%
Average Mayes County Tax Rate
0.66%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pryor, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74361 | 0.38% | 0.51% | 0.65% | 0.79% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Pryor, Mayes County, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pryor, Oklahoma. 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 Appraisal District 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 Pryor, 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. The median home price in Pryor is $174,302, with tax bills ranging from $622 at the 25th percentile to $2,678 at the 90th percentile. The highest and lowest median tax bills, both $1,061, are found in the 74361 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pryor, Mayes County, Oklahoma
Source: Ownwell
$63,166
$311,123
$559,080
Average Pryor Assessed Value
$174,302
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 Pryor, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74361 | $73,992 | $108,828 | $174,302 | $270,968 | $381,506 |
Source: Ownwell
Property Tax Bills Across Pryor, Mayes County, Oklahoma
In Pryor, located in Mayes County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Pryor is $174,302, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, its assessed value, and any applicable exemptions. Homeowners in Pryor can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $622, while the 75th percentile tax bill is $1,738, and the 90th percentile tax bill reaches $2,678. These figures indicate that property taxes can significantly impact homeowners, especially those with higher-value homes. The highest and lowest median tax bills in the area are both $1,061, highlighting a relatively consistent tax rate within the city. Compared to the national median property tax rate of 0.99%, Pryor's property taxes offer a unique perspective on local tax burdens.
Average Pryor Tax Bill
$1,061
Average Mayes County Tax Bill
$998
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pryor, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74361 | $392 | $622 | $1,061 | $1,738 | $2,678 |
Source: Ownwell