Comanche, Oklahoma Property Taxes
The median property tax rate in Comanche, OK is 1.02%, slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Comanche at $51,998, the typical annual property tax bill reaches $443, which is significantly below the national median of $2,690. Property taxes in Comanche 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 Comanche'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 Comanche 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
Comanche, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$530
Ownwell’s Comanche Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Comanche with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comanche 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 Comanche, Oklahoma
Property taxes in Comanche, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Comanche is 0.75%, significantly lower than the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Comanche set these rates annually, and they can vary across different neighborhoods. Each year, Comanche 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 Comanche's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the highest median property tax rate in the county is 0.75%, while the lowest median tax rate is also 0.75%. Understanding how these cities compare with Comanche provides valuable insights into the varying tax landscape across Stephens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comanche Tax Rate
1.02%
Average Jefferson County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comanche, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | 0.89% | 0.95% | 1.02% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Comanche, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Comanche, 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 Jefferson 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. Assessment notices in Comanche 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Comanche are both $443.00, found in the zip code 73529.
Average Comanche Assessed Value
$51,998
Average Jefferson County Assessed Value
$43,058
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comanche, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | $35,038 | $37,529 | $51,998 | $89,152 | $181,601 |
Source: Ownwell
Property Tax Bills Across Comanche, Oklahoma
In Comanche, located in Jefferson 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 here is $51,998. Local tax authorities apply the county's tax rate to this assessed value to determine the annual property tax bill. Factors such as property improvements, neighborhood developments, and market trends influence the assessed value. Homeowners in Comanche can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is $396, while at the 75th percentile, it rises to $850. At the 90th percentile, it can go up to $1,826. The highest and lowest median tax bills in the area are both $443, found in the zip code 73529. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Comanche offers relatively affordable property taxes.
Average Comanche Tax Bill
$443
Average Jefferson County Tax Bill
$362
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Comanche, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | $370 | $396 | $443 | $850 | $1,826 |
Source: Ownwell