Marshall County Property Taxes
The median property tax rate in Marshall County is 0.73%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Marshall County at $105,283, the typical annual property tax bill amounts to $670, considerably less than the national median of $2,690. Property taxes in Marshall County are based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Marshall County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Madill or another part of Marshall County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marshall County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$769
Ownwell’s Marshall County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Marshall County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Marshall County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Marshall County, Oklahoma
Property taxes in Marshall County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marshall County is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Marshall County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marshall County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Marshall County's effective property tax rate with other counties and the national median. For comparison, the city of Kingston has one of the higher property tax rates in the area at 0.80%, while the city of Madill boasts one of the lowest at 0.63%. Analyzing how Marshall County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marshall County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshall County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Kingston | 0.40% | 0.57% | 0.80% | 0.90% | 0.90% |
| Lebanon | 0.36% | 0.47% | 0.63% | 0.84% | 0.98% |
| Madill | 0.36% | 0.48% | 0.63% | 0.82% | 1.00% |
| Mannsville | 0.45% | 0.54% | 0.70% | 0.86% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Marshall County, Oklahoma
In Marshall County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Marshall County Appraisal District. The assessed value, however, 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 Marshall County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Mannsville has the highest median tax bill at $790, while Lebanon has the lowest at $545. Being aware of these valuation processes in Marshall County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Marshall County, Oklahoma
Source: Ownwell
$90,646
$113,754
$136,862
Average Marshall County Assessed Value
$105,283
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshall County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Kingston | $29,984 | $60,000 | $112,550 | $200,023 | $342,287 |
| Lebanon | $28,796 | $55,726 | $90,646 | $130,420 | $166,530 |
| Madill | $32,044 | $59,293 | $97,851 | $162,992 | $258,900 |
| Mannsville | $94,093 | $110,132 | $136,862 | $163,592 | $179,631 |
Source: Ownwell
Property Tax Bills Across Marshall County, Oklahoma
In Marshall County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county assessor determines this assessed value, and then local tax rates are applied to calculate the tax bill. Various factors influence the final tax bill, including property characteristics, location, and applicable exemptions. Homeowners in Marshall County experience a range of property tax bills. The 25th percentile tax bill is around $351, while the 75th percentile reaches $1,360. At the 90th percentile, some homeowners might pay as much as $2,413. The highest median tax bill in the county is found in Mannsville at $790, whereas Lebanon has the lowest median at $545. These figures highlight the variability in property tax burdens across different areas within the county. Compared to the national median property tax rate of 0.99%, Marshall County offers relatively affordable property taxes, making it an attractive option for homeowners seeking lower tax obligations.
Average Marshall County Tax Bill
$670
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshall County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Kingston | $191 | $385 | $764 | $1,521 | $2,655 |
| Lebanon | $231 | $350 | $545 | $899 | $1,193 |
| Madill | $182 | $317 | $577 | $1,073 | $2,008 |
| Mannsville | $745 | $762 | $790 | $817 | $834 |
Source: Ownwell