Jay, Delaware County, Oklahoma Property Taxes
Median Jay, OK effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%. Median Jay, OK home value: $101,685. Median annual Jay, OK tax bill: $668, $1,732 lower than the national median property tax bill of $2,400.
How are property taxes in Delaware calculated?
Property taxes in Jay, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Jay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jay, Delaware County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$742
$689
Property Tax Rates Across Jay, Delaware County, Oklahoma
Local government entities set tax rates, and these can vary significantly within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Jay, located in Delaware County, Oklahoma, the effective property tax rate is 0.73%. This is notably below the national median property tax rate of 1.02%. The rate in Jay reflects the county's budgetary needs and the total assessed property value within the region. This lower tax rate can be an attractive aspect for homeowners, potentially resulting in lower annual property tax bills compared to the national median of $2,400.
Understanding these rates is crucial for property owners, as they directly impact annual expenses. Comparing Jay’s effective property tax rate to other cities in Oklahoma, as well as the median property tax rates in Oklahoma and the U.S., provides valuable insight into the local tax landscape.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Jay Tax Rate
0.73%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Delaware County Tax Rate
0.78%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jay, Delaware County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74346 | 0.42% | 0.57% | 0.73% | 0.90% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Jay, Delaware County, Oklahoma
When examining property taxes in Jay, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Delaware County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Delaware County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Jay. For example, the median home price in Jay is $101,685, with tax bills ranging significantly across the county. Zip code 74346 has the highest median home price at $101,685.
Property Tax Assessment Values Across Jay, Delaware County, Oklahoma
Source: Ownwell
$66,992
$139,600
$212,208
Median Jay Market Value
$101,685
Median Delaware County Market Value
$141,764
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jay, Delaware County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74346 | $20,211 | $54,441 | $101,685 | $172,177 | $285,001 |
Source: Ownwell
Property Tax Bills Across Jay, Delaware County, Oklahoma
Median Jay Tax Bill
$668
Median Delaware County Tax Bill
$1,031
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Jay, Delaware County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74346 | $148 | $339 | $668 | $1,281 | $2,156 |
Source: Ownwell