Enid, Oklahoma Property Taxes
The median property tax rate in Enid, OK is 1.15%, which is higher than both the national median of 0.99% and Oklahoma's state median of 0.97%. With the median home value in Enid at $100,830, the typical annual property tax bill is $1,030, still below the national median of $2,690. Property taxes in Enid are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Enid'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 Enid 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
Enid, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,160
Ownwell’s Enid Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enid 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 Enid, Oklahoma
Property taxes in Enid, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enid is 1.15%, higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Enid set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enid 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 Enid's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 73703 ZIP code has the highest median property tax rate of 1.25%, while the 73701 ZIP code has the lowest median tax rate of 0.95%. Understanding how these areas compare with Enid provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enid Tax Rate
1.15%
Average Garfield County Tax Rate
1.14%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enid, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73701 | 0.36% | 0.60% | 0.95% | 1.21% | 1.32% |
| 73703 | 0.77% | 1.05% | 1.25% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Enid, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Enid, 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 Garfield 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 Enid, 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 Enid helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code 73703 has the highest median tax bill at $1,696, while the zip code 73701 has the lowest median tax bill at $538. This disparity underscores the importance of understanding your property’s assessed value and exploring potential exemptions to alleviate your tax burden.
Average Enid Assessed Value
$100,830
Average Garfield County Assessed Value
$94,470
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enid, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73701 | $32,730 | $45,275 | $62,819 | $90,742 | $136,880 |
| 73703 | $63,997 | $102,812 | $145,575 | $212,738 | $315,115 |
Source: Ownwell
Property Tax Bills Across Enid, Oklahoma
In Enid, located in Garfield County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. This assessed value is a percentage of the property's market value. For homeowners in Enid, the median home price is approximately $100,830. The property tax rate in Enid is generally lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, its assessed value, and applicable exemptions or deductions. For instance, in the zip code 73703, the highest median tax bill is $1,696, while in zip code 73701, the lowest median tax bill is $538. Homeowners in the 25th percentile pay around $490, whereas those in the 75th percentile pay about $1,905. For the top 10% of properties, tax bills can reach up to $3,167. These variations significantly impact homeowners' financial planning and budgeting, emphasizing the importance of understanding property tax obligations.
Average Enid Tax Bill
$1,030
Average Garfield County Tax Bill
$950
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Enid, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73701 | $165 | $304 | $538 | $893 | $1,424 |
| 73703 | $603 | $1,094 | $1,696 | $2,529 | $3,894 |
Source: Ownwell