Pryor, Oklahoma Property Taxes
The median property tax rate in Pryor, OK is 0.97%, which is just below the national median of 0.99% and matches the Oklahoma state median. With a median home value of $217,385 in Pryor, the typical annual property tax bill amounts to $2,194, which is lower than 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 various exemptions such as 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, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$2,109
Ownwell’s Pryor Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pryor. With just two data points, you can quickly determine your property tax bill by entering your property's estimated assessed value. The calculator then applies the median tax rate in Pryor to provide an accurate estimate of your tax liability. This valuable insight helps you plan your finances and understand potential tax obligations. For those interested in more detailed trends and localized information, further exploration on a neighborhood level is available. Your property’s assessed value, assigned by Rogers County, is crucial for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Pryor, Oklahoma
Property taxes in Pryor, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pryor is 0.97%, which is slightly below 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 regions in Oklahoma and the national median. For comparison, the zip code 74361 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Pryor provides valuable insights into the varying tax landscape across Rogers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pryor Tax Rate
0.97%
Average Rogers County Tax Rate
0.95%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pryor, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74361 | 0.86% | 0.93% | 0.97% | 1.04% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Pryor, Oklahoma
In Pryor, 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 Rogers 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 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. Being aware of these valuation processes in Pryor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 74361, both at $2,194.
Average Pryor Assessed Value
$217,385
Average Rogers County Assessed Value
$177,436
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pryor, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74361 | $101,923 | $169,761 | $217,385 | $264,572 | $288,000 |
Source: Ownwell
Property Tax Bills Across Pryor, Oklahoma
In Pryor, located in Rogers County, OK, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor. This assessed value is a percentage of the market value of the property. The tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value, thereby affecting the tax bill. For homeowners in Pryor, the property tax bill can vary significantly. The 25th percentile tax bill is around $1,604, while the 75th percentile reaches up to $2,257. At the 90th percentile, homeowners might see bills as high as $2,752. The median home price in Pryor is $217,385, and the median tax bill is $2,194, which aligns with the highest and lowest median tax bills recorded for the area. Compared to the national median property tax rate of 0.99%, Pryor’s tax rates can be considered moderate, impacting homeowners' annual financial planning.
Average Pryor Tax Bill
$2,194
Average Rogers County Tax Bill
$1,648
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Pryor, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74361 | $945 | $1,604 | $2,194 | $2,257 | $2,752 |
Source: Ownwell