Durant, Bryan County, Oklahoma Property Taxes
Median Durant, OK effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Durant, OK home value: $127,192
Median annual Durant, OK tax bill: $1,127, $1,273 lower than the national median property tax bill of $2,400.
How are property taxes in Bryan County calculated?
Property taxes in Durant, 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 Durant’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Durant, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Durant, Bryan County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$1,208
$1,121
Property Tax Rates Across Durant, Bryan County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. 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.
In Durant, located in Bryan County, Oklahoma, the effective property tax rate is a key consideration for homeowners. Compared to the national median property tax rate of 1.02%, Durant's rate is competitive, reflecting the local government's efforts to manage budgets efficiently while providing necessary services. Within Oklahoma, Durant's rate aligns with the state's trends, offering residents a balanced approach to property taxation.
For those looking to understand how Durant compares, it's important to note that while the national median property tax bill is $2,400, local rates and bills can differ significantly based on assessed property values and county budgets. This comparison highlights Durant's position in the broader landscape of property taxation, providing insight into the local economic environment.
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 Durant Tax Rate
0.95%
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 Bryan County Tax Rate
0.83%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Durant, Bryan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74701 | 0.61% | 0.79% | 0.95% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Durant, Bryan County, Oklahoma
When examining property taxes in Durant, 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 Bryan 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 Bryan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Durant.
For example, the median home price in Durant is $127,192, with tax bills ranging significantly across the county. Zip code 74701 has the highest median home price at $127,192.
Property Tax Assessment Values Across Durant, Bryan County, Oklahoma
Source: Ownwell
$65,651
$106,249
$146,847
Median Durant Market Value
$127,192
Median Bryan County Market Value
$117,512
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Durant, Bryan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74701 | $42,833 | $70,364 | $127,192 | $208,117 | $290,002 |
Source: Ownwell
Property Tax Bills Across Durant, Bryan County, Oklahoma
Median Durant Tax Bill
$1,127
Median Bryan County Tax Bill
$903
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Durant, Bryan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74701 | $339 | $590 | $1,127 | $1,869 | $2,646 |
Source: Ownwell