Caddo County, Oklahoma Property Taxes
The median property tax rate in Caddo County is 0.63%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Caddo County at $58,902, the typical annual property tax bill is $341, far below the national median of $2,690. Property taxes in Caddo County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Caddo 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 Anadarko or another part of Caddo County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caddo County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$371
$344
Ownwell’s Caddo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caddo with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Caddo 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 Caddo County, Oklahoma
Property taxes in Caddo County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Caddo County is 0.63%, which is lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Caddo County set these rates annually, and they can vary significantly between different areas within the county. Each year, Caddo 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 Caddo County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Hinton has one of the higher property tax rates in Oklahoma at 0.73%, while the city of Blanchard boasts one of the lowest at 0.48%. Analyzing how Caddo County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Caddo County Tax Rate
0.63%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caddo County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anadarko | 0.26% | 0.46% | 0.62% | 0.84% | 0.96% |
| Apache | 0.31% | 0.52% | 0.70% | 0.89% | 1.03% |
| Binger | 0.25% | 0.41% | 0.55% | 0.72% | 0.90% |
| Blanchard | N/A | N/A | N/A | N/A | N/A |
| Carnegie | 0.25% | 0.46% | 0.63% | 0.85% | 1.03% |
| Cement | 0.21% | 0.41% | 0.65% | 0.89% | 1.10% |
| Colony | 0.49% | 0.59% | 0.67% | 0.76% | 0.86% |
| Cyril | 0.28% | 0.46% | 0.61% | 0.78% | 0.92% |
| Eakly | 0.28% | 0.29% | 0.65% | 0.86% | 0.96% |
| Fort Cobb | 0.24% | 0.37% | 0.51% | 0.70% | 0.85% |
| Gracemont | 0.27% | 0.43% | 0.58% | 0.75% | 0.89% |
| Hinton | 0.33% | 0.54% | 0.73% | 0.90% | 1.00% |
| Hydro | 0.30% | 0.47% | 0.65% | 0.86% | 0.97% |
| Lookeba | 0.27% | 0.44% | 0.60% | 0.79% | 0.91% |
| Minco | 0.28% | 0.46% | 0.64% | 0.78% | 0.90% |
| Pocasset | 0.35% | 0.41% | 0.59% | 0.81% | 0.89% |
| Verden | 0.41% | 0.49% | 0.61% | 0.78% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Caddo County, Oklahoma
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Caddo County, OK. 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 Caddo 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 Caddo 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. For instance, Blanchard has the highest median tax bill at $773, while Carnegie has the lowest at $226. Being aware of these valuation processes in Caddo County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Caddo County Assessed Value
$58,902
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caddo County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anadarko | $16,965 | $25,800 | $47,381 | $82,100 | $130,910 |
| Apache | $23,305 | $32,930 | $59,415 | $104,560 | $179,610 |
| Binger | $25,138 | $37,338 | $65,238 | $112,328 | $179,984 |
| Blanchard | N/A | N/A | N/A | N/A | N/A |
| Carnegie | $17,965 | $24,360 | $39,880 | $77,675 | $123,294 |
| Cement | $19,635 | $28,175 | $42,832 | $81,128 | $130,149 |
| Colony | $50,941 | $67,795 | $109,240 | $149,550 | $199,980 |
| Cyril | $26,554 | $38,195 | $67,805 | $109,922 | $149,588 |
| Eakly | $35,805 | $49,005 | $93,500 | $108,385 | $138,905 |
| Fort Cobb | $25,196 | $38,205 | $67,110 | $107,720 | $163,895 |
| Gracemont | $19,980 | $32,062 | $60,538 | $105,308 | $183,175 |
| Hinton | $25,306 | $41,486 | $85,392 | $145,655 | $219,629 |
| Hydro | $25,412 | $40,810 | $68,265 | $120,480 | $184,162 |
| Lookeba | $26,870 | $45,955 | $84,895 | $137,475 | $216,879 |
| Minco | $29,036 | $45,900 | $85,262 | $137,134 | $203,830 |
| Pocasset | $39,194 | $55,300 | $84,700 | $161,476 | $217,156 |
| Verden | $54,889 | $69,805 | $102,145 | $210,185 | $246,847 |
Source: Ownwell
Property Tax Bills Across Caddo County, Oklahoma
Property tax bills in Caddo County, Oklahoma are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's market value, any exemptions or deductions the homeowner may qualify for, and the specific tax rate set by local authorities. For homeowners in Caddo County, the median home price stands at $58,902, which significantly affects their tax bills. The tax bills vary widely, with the 25th percentile at $159 and the 75th percentile reaching $709. At the 90th percentile, tax bills can go up to $1,217. The highest median tax bill within the county is found in Blanchard at $773, while the lowest is in Carnegie at $226. Compared to the national median property tax rate of 0.99%, Caddo County offers relatively manageable tax burdens for most homeowners, making it an appealing location for property investment.
Average Caddo County Tax Bill
$341
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Caddo County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anadarko | $47 | $122 | $272 | $568 | $972 |
| Apache | $94 | $182 | $368 | $791 | $1,415 |
| Binger | $84 | $172 | $341 | $658 | $1,150 |
| Blanchard | N/A | N/A | N/A | N/A | N/A |
| Carnegie | $53 | $121 | $226 | $527 | $947 |
| Cement | $48 | $134 | $292 | $552 | $1,044 |
| Colony | $189 | $406 | $624 | $1,120 | $1,460 |
| Cyril | $104 | $194 | $371 | $702 | $1,051 |
| Eakly | $96 | $188 | $453 | $774 | $911 |
| Fort Cobb | $92 | $159 | $312 | $608 | $1,143 |
| Gracemont | $75 | $163 | $335 | $594 | $1,113 |
| Hinton | $119 | $206 | $599 | $1,144 | $1,843 |
| Hydro | $118 | $215 | $431 | $818 | $1,411 |
| Lookeba | $99 | $210 | $487 | $888 | $1,461 |
| Minco | $134 | $254 | $482 | $910 | $1,492 |
| Pocasset | $106 | $282 | $576 | $1,104 | $1,758 |
| Verden | $246 | $353 | $715 | $1,518 | $1,845 |
Source: Ownwell