Sperry, Osage County, Oklahoma Property Taxes
The median property tax rate in Sperry, OK is 1.17%, higher than both the national median of 0.99% and Oklahoma's state median of 0.97%. With the median home value in Sperry at $175,102, the typical annual property tax bill amounts to $2,060, which is below the national median of $2,690. Property taxes in Sperry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sperry'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 Sperry 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
Sperry, Osage County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$2,049
$1,901
Ownwell's Sperry Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate annual property taxes in Sperry with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Sperry to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Sperry, Osage County, Oklahoma
Property taxes in Sperry, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sperry is 1.17%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Sperry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sperry 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 Sperry's effective property tax rate to other areas and the national median. For comparison, the zip code 74073 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these areas compare with Sperry provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sperry Tax Rate
1.17%
Average Osage County Tax Rate
1.07%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sperry, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74073 | 0.90% | 1.10% | 1.17% | 1.30% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Sperry, Osage County, Oklahoma
In Sperry, 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 Osage County Assessor’s Office 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 Sperry, 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 Sperry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74073 has the highest and lowest median tax bill, both at $2,060.
Property Tax Assessment Values Across Sperry, Osage County, Oklahoma
Source: Ownwell
$28,048
$120,397
$212,746
Average Sperry Assessed Value
$175,102
Average Osage County Assessed Value
$85,955
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sperry, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74073 | $41,427 | $105,081 | $175,102 | $274,020 | $405,077 |
Source: Ownwell
Property Tax Bills Across Sperry, Osage County, Oklahoma
In Sperry, located in Osage County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Sperry experience tax bills that vary significantly, with the 25th percentile at $1,050 and the 75th percentile reaching $3,365. The highest median tax bill recorded in the area is $2,060, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For instance, a home valued at the median price of $175,102 would have its tax bill calculated by applying the local tax rate to its assessed value. These property taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as property taxes represent a significant and ongoing cost of homeownership.
Average Sperry Tax Bill
$2,060
Average Osage County Tax Bill
$840
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Sperry, Osage County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74073 | $377 | $1,050 | $2,060 | $3,365 | $5,384 |
Source: Ownwell