Gans, Sequoyah County, Oklahoma Property Taxes
The median property tax rate in Gans, Oklahoma is 0.55%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Gans, the typical annual property tax bill is $339, well below the national median of $2,690. Property taxes in Gans 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 Gans'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 Gans 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
Gans, Sequoyah County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$365
$339
Ownwell’s Gans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gans 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 Gans, Sequoyah County, Oklahoma
Property taxes in Gans, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gans is 0.55%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Gans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gans 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 Gans's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74936 has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Gans provides valuable insights into the varying tax landscape across Sequoyah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gans Tax Rate
0.55%
Average Sequoyah County Tax Rate
0.74%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gans, Sequoyah County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74936 | 0.25% | 0.41% | 0.55% | 0.71% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Gans, Sequoyah County, Oklahoma
In GANS, 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 Sequoyah 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 GANS, 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 GANS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $339.00, with the zip code 74936.
Property Tax Assessment Values Across Gans, Sequoyah County, Oklahoma
Source: Ownwell
$38,017
$68,359
$98,700
Average Gans Assessed Value
$66,384
Average Sequoyah County Assessed Value
$80,752
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gans, Sequoyah County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74936 | $23,442 | $39,949 | $66,384 | $111,856 | $190,278 |
Source: Ownwell
Property Tax Bills Across Gans, Sequoyah County, Oklahoma
In Gans, located in Sequoyah County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Several factors influence this calculation, including the home's location, size, and any applicable exemptions. For instance, the median home price in Gans is $66,384, and property tax bills vary significantly across different percentiles. At the 25th percentile, homeowners can expect a tax bill of approximately $203, while at the 75th percentile, it rises to about $650. The 90th percentile sees tax bills as high as $1,089. The median property tax rate in Gans is notably lower than the national median of 0.99%. This lower rate can provide some financial relief to homeowners, making property ownership more affordable compared to other regions. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Gans Tax Bill
$339
Average Sequoyah County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Gans, Sequoyah County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74936 | $95 | $203 | $339 | $650 | $1,089 |
Source: Ownwell