Guthrie, Oklahoma Property Taxes
The median property tax rate in Guthrie, OK is 0.92%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Guthrie at $66,069, the typical annual property tax bill amounts to $610, which is significantly below the national median of $2,690. Property taxes in Guthrie are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Guthrie'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 Guthrie or another part of the city, becoming familiar with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guthrie, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$608
Ownwell’s Guthrie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guthrie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guthrie 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 Guthrie, Oklahoma
Property taxes in Guthrie, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guthrie is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Guthrie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guthrie 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 Guthrie's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73044 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Guthrie provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guthrie Tax Rate
0.92%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guthrie, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73044 | 0.81% | 0.85% | 0.92% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Guthrie, Oklahoma
In Guthrie, 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 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 Guthrie, 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 Guthrie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Guthrie is $66,069, with annual tax bills ranging from $397 at the 25th percentile to $1,887 at the 90th percentile. The zip code 73044 has the highest and lowest median tax bill at $610.
Average Guthrie Assessed Value
$66,069
Average Mcintosh County Assessed Value
$81,769
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guthrie, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73044 | $31,970 | $44,757 | $66,069 | $150,910 | $201,815 |
Source: Ownwell
Property Tax Bills Across Guthrie, Oklahoma
In Guthrie, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in McIntosh County, where Guthrie is located, typically see their property taxes determined by multiplying the assessed value by the local tax rate. Various factors such as property size, location, and improvements can influence the assessed value. For instance, with a median home price of $66,069, the property tax bill can vary significantly. The 25th percentile tax bill is $397, while the 75th percentile tax bill is $1,408, and the 90th percentile tax bill reaches $1,887. These variations highlight how different factors impact the final tax amount. The highest and lowest median tax bills in Guthrie are both $610, based on the specific zip code 73044. Compared to the national median property tax rate of 0.99%, Guthrie's property taxes can be more manageable for homeowners, though individual circumstances can lead to higher or lower bills. Understanding these factors helps residents anticipate their property tax obligations better.
Average Guthrie Tax Bill
$610
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Guthrie, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73044 | $269 | $397 | $610 | $1,408 | $1,887 |
Source: Ownwell