Luther, Logan County, Oklahoma Property Taxes

Name: Property Tax Bills Across Luther, Logan County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Luther, OK effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Luther, OK home value: $139,544
Median annual Luther, OK tax bill: $1,023, $1,377 lower than the national median property tax bill of $2,400.

How are property taxes in Logan County calculated?

Property taxes in Luther, 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 Luther’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Luther, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Luther, Logan County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$1,242

$1,152

Ownwell’s Luther Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Luther with just two data points. By entering your property's estimated assessed value, our calculator applies Luther’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Logan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Luther, Logan County, Oklahoma

Local government entities set tax rates, which can vary widely 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. Below, you can compare Luther’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.

Property Tax Rates Across Luther, Logan County, Oklahoma

Source: Ownwell

0.68%

0.87%

1.07%

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 Luther Tax Rate

0.89%

Median Effective Logan County Tax Rate

0.98%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Luther, Logan County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73054	0.60%	0.75%	0.89%	0.96%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Luther, Logan County, Oklahoma

When examining property taxes in Luther, 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 Logan 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 Logan 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 Luther.

For example, the median home price in Luther is $139,544, with tax bills ranging significantly across the county. The 73054 zip code has the highest median home price at $139,544.

Property Tax Assessment Values Across Luther, Logan County, Oklahoma

Source: Ownwell

$45,774

$190,891

$336,008

Median Luther Market Value

$139,544

Median Logan County Market Value

$165,842

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Luther, Logan County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73054	$43,277	$72,185	$139,544	$260,693	$356,043

Source: Ownwell

Property Tax Bills Across Luther, Logan County, Oklahoma

In Luther, Oklahoma, property tax bills are determined by assessing the property's market value, which is then multiplied by the local tax rate. For homeowners in Luther, the median home price is $139,544, and tax bills can vary significantly. The 25th percentile tax bill is $551, while the 75th percentile reaches $2,238, and the 90th percentile hits $3,285. This wide range indicates that property taxes can be a substantial financial burden for some homeowners. The highest and lowest median tax bills in the area are both $1,023, suggesting a relatively consistent tax rate across different properties. Compared to the national median property tax bill of $2,400 and a rate of 1.02%, Luther's property tax situation presents opportunities for savings. Ownwell assists homeowners by identifying potential errors in property assessments and exploring available exemptions, which can lead to significant reductions in their tax bills. By leveraging expert knowledge and local data, Ownwell helps ensure homeowners are not overpaying on their property taxes, providing peace of mind and financial relief.

Property Tax Bills Across Luther, Logan County, Oklahoma

Source: Ownwell

$262

$1,830

$3,397

Median Luther Tax Bill

$1,023

Median Logan County Tax Bill

$1,451

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Luther, Logan County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73054	$258	$551	$1,023	$2,238	$3,285

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Logan Tax Assessor
Website	www.actdatascout.com