Fletcher, Oklahoma Property Taxes
The median property tax rate in Fletcher, OK is 0.89%, 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 $119,270 in Fletcher, the typical annual property tax bill amounts to $896, significantly below the national median of $2,690. Property taxes in Fletcher are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fletcher'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 Fletcher 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
Fletcher, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,062
Ownwell’s Fletcher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fletcher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fletcher 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 Fletcher, Oklahoma
Property taxes in Fletcher, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fletcher is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Fletcher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fletcher 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 Fletcher's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 73541 has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Fletcher provides valuable insights into the varying tax landscape across Comanche County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fletcher Tax Rate
0.89%
Average Comanche County Tax Rate
1.15%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fletcher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73541 | 0.55% | 0.75% | 0.89% | 0.91% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Fletcher, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fletcher, 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 Comanche 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 Fletcher, 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. For example, the median home price in Fletcher is $119,270, with tax bills ranging from $452 at the 25th percentile to $2,326 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 73541, with a median tax bill of $896. 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 Fletcher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fletcher Assessed Value
$119,270
Average Comanche County Assessed Value
$99,838
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fletcher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73541 | $32,654 | $62,584 | $119,270 | $189,671 | $246,757 |
Source: Ownwell
Property Tax Bills Across Fletcher, Oklahoma
In Fletcher, located in Comanche County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Fletcher is $119,270. Property taxes here are influenced by several factors, including the property's assessed value and the local tax rate. The median property tax bill in the area is $896, which is substantially lower than the national median property tax rate of 0.99%. Homeowners in Fletcher can expect tax bills to vary significantly. For instance, those in the 25th percentile might see tax bills around $452, while those in the 75th percentile could face bills up to $1,636. At the higher end, the 90th percentile tax bill can reach $2,326. These variations can impact homeowners' financial planning and budgeting, making it essential for them to understand how their property taxes are calculated and what factors contribute to the final amount.
Average Fletcher Tax Bill
$896
Average Comanche County Tax Bill
$997
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Fletcher, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73541 | $226 | $452 | $896 | $1,636 | $2,326 |
Source: Ownwell