Sallisaw, Oklahoma Property Taxes
The median property tax rate in Sallisaw, OK is 0.72%, 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 $87,642 in Sallisaw, the typical annual property tax bill amounts to $585, significantly below the national median of $2,690. Property taxes in Sallisaw are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sallisaw'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 Sallisaw 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
Sallisaw, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$631
Ownwell’s Sallisaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sallisaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sallisaw 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 Sallisaw, Oklahoma
Property taxes in Sallisaw, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sallisaw is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Sallisaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sallisaw 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 Sallisaw's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74955 has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Sallisaw 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 Sallisaw Tax Rate
0.72%
Average Sequoyah County Tax Rate
0.74%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sallisaw, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74955 | 0.40% | 0.56% | 0.72% | 0.87% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Sallisaw, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sallisaw, Oklahoma. 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 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 Sallisaw, 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 Sallisaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 74955 has the highest and lowest median tax bills, both at $585, highlighting the importance of being informed about local tax processes.
Average Sallisaw Assessed Value
$87,642
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 Sallisaw, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74955 | $29,442 | $48,702 | $87,642 | $149,653 | $226,564 |
Source: Ownwell
Property Tax Bills Across Sallisaw, Oklahoma
Property tax bills in Sallisaw, located in Sequoyah County, OK, are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is determined by the county assessor's office. For homeowners in Sallisaw, the median home price is $87,642. The property tax rate in this area is relatively low compared to the national median property tax rate of 0.99%. Several factors are considered when determining the tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Sallisaw can expect to pay a tax bill that falls within a range, with the 25th percentile at $324 and the 75th percentile at $1,057. The 90th percentile reaches up to $1,681, reflecting higher-value properties. Understanding these factors is crucial for homeowners as they significantly impact the annual financial obligations related to property ownership in Sallisaw.
Average Sallisaw Tax Bill
$585
Average Sequoyah County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Sallisaw, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74955 | $174 | $324 | $585 | $1,057 | $1,681 |
Source: Ownwell