Lindsay, Oklahoma Property Taxes
The median property tax rate in Lindsay, OK is 0.83%, 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 $147,999 in Lindsay, the typical annual property tax bill is $1,140, falling below the national median of $2,690. Property taxes in Lindsay are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Lindsay'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 Lindsay or another part of McClain County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lindsay, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,228
Ownwell’s Lindsay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsay 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 Lindsay, Oklahoma
Property taxes in Lindsay, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsay is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Lindsay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsay 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 Lindsay's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73052 in Lindsay has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Lindsay provides valuable insights into the varying tax landscape across McClain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsay Tax Rate
0.83%
Average Mcclain County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsay, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73052 | 0.38% | 0.55% | 0.83% | 0.99% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Lindsay, Oklahoma
In Lindsay, 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 McClain 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 Lindsay, 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 Lindsay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lindsay is $147,999, with the highest and lowest median tax bills both at $1,140 in zip code 73052.
Average Lindsay Assessed Value
$147,999
Average Mcclain County Assessed Value
$212,546
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindsay, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73052 | $59,533 | $92,482 | $147,999 | $225,743 | $333,703 |
Source: Ownwell
Property Tax Bills Across Lindsay, Oklahoma
In Lindsay, 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 Lindsay is $147,999, and property tax rates in McClain County are applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood trends, and local government budgets can influence the assessed value. Homeowners in Lindsay can expect varying tax bills. For example, those in the 25th percentile pay around $542, while those in the 75th percentile see bills closer to $1,847. The highest tax bills, in the 90th percentile, reach up to $2,899. The median tax bill in the area is $1,140, which is slightly above the national median property tax rate of 0.99%. These taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Lindsay Tax Bill
$1,140
Average Mcclain County Tax Bill
$1,871
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsay, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73052 | $281 | $542 | $1,140 | $1,847 | $2,899 |
Source: Ownwell