Canadian County, Oklahoma Property Taxes
The median property tax rate in Canadian County is 1.01%, which is slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Canadian County, the typical annual property tax bill reaches $2,244, which is below the national median of $2,690. Property taxes in Canadian County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Canadian 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 Mustang or another part of Canadian County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Canadian County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,309
$2,143
Ownwell’s Canadian County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canadian County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Canadian 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 Canadian County, Oklahoma
Property taxes in Canadian County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Canadian County is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Canadian County set these rates annually, and they can vary significantly between different areas within the county. Each year, Canadian 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. For comparison, Oklahoma City has one of the higher property tax rates in Oklahoma at 1.08%, while the city of Geary boasts one of the lowest at 0.59%. Analyzing how Canadian County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Canadian County Tax Rate
1.01%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canadian County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calumet | 0.57% | 0.73% | 0.85% | 0.94% | 1.03% |
| El Reno | 0.52% | 0.70% | 0.90% | 1.06% | 1.15% |
| Geary | 0.33% | 0.49% | 0.59% | 0.68% | 0.97% |
| Hinton | 0.59% | 0.80% | 0.93% | 1.00% | 1.11% |
| Minco | 0.67% | 0.84% | 0.94% | 1.00% | 1.10% |
| Mustang | 0.70% | 0.83% | 0.94% | 1.06% | 1.20% |
| Okarche | 0.51% | 0.61% | 0.72% | 0.80% | 0.87% |
| Oklahoma City | 0.92% | 1.01% | 1.08% | 1.17% | 1.36% |
| Piedmont | 0.80% | 0.93% | 1.04% | 1.15% | 1.26% |
| Union City | 0.48% | 0.64% | 0.80% | 0.91% | 1.02% |
| Yukon | 0.75% | 0.93% | 1.04% | 1.15% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Canadian County, Oklahoma
In Canadian 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 Canadian 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 Canadian 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, Piedmont has the highest median tax bill at $2,904, while Hinton has the lowest at $350. Being aware of these valuation processes in Canadian 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 Canadian County, Oklahoma
Source: Ownwell
$42,891
$180,777
$318,662
Average Canadian County Assessed Value
$228,594
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canadian County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calumet | $35,984 | $73,872 | $131,356 | $214,752 | $293,536 |
| El Reno | $43,873 | $72,565 | $131,864 | $201,682 | $301,496 |
| Geary | $23,345 | $57,619 | $126,084 | $194,965 | $296,292 |
| Hinton | $7,379 | $21,009 | $42,891 | $92,264 | $178,482 |
| Minco | $20,070 | $57,633 | $124,379 | $211,716 | $262,543 |
| Mustang | $130,158 | $170,818 | $231,723 | $299,724 | $404,334 |
| Okarche | $60,540 | $93,424 | $173,920 | $258,616 | $364,903 |
| Oklahoma City | $174,587 | $202,477 | $272,846 | $380,645 | $464,836 |
| Piedmont | $175,868 | $217,918 | $281,206 | $373,776 | $463,710 |
| Union City | $48,164 | $91,683 | $131,794 | $190,756 | $275,116 |
| Yukon | $155,308 | $192,258 | $236,256 | $293,207 | $370,020 |
Source: Ownwell
Property Tax Bills Across Canadian County, Oklahoma
In Canadian County, OK, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value. Homeowners then multiply this assessed value by the local tax rate to determine their annual tax bill. For instance, the median home price in Canadian County is $228,594. Tax bills can vary widely; the 25th percentile tax bill is $1,464, while the 75th percentile reaches $3,118, and the 90th percentile can be as high as $4,217. The highest median tax bill is found in Piedmont at $2,904, whereas Hinton has the lowest at $350. These differences are influenced by factors such as property location, market conditions, and local government budgets. Understanding how these elements contribute to the final tax bill helps homeowners anticipate their financial obligations and plan accordingly. Compared to the national median property tax rate of 0.99%, Canadian County offers a diverse range of tax scenarios.
Average Canadian County Tax Bill
$2,244
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Canadian County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calumet | $263 | $553 | $1,044 | $1,763 | $2,560 |
| El Reno | $297 | $559 | $1,036 | $1,729 | $2,609 |
| Geary | $134 | $331 | $646 | $1,112 | $1,824 |
| Hinton | $61 | $161 | $350 | $733 | $1,495 |
| Minco | $196 | $484 | $908 | $2,008 | $2,589 |
| Mustang | $1,024 | $1,423 | $2,084 | $2,993 | $4,352 |
| Okarche | $366 | $601 | $1,106 | $1,922 | $2,743 |
| Oklahoma City | $1,719 | $2,164 | $2,886 | $3,957 | $4,969 |
| Piedmont | $1,471 | $2,175 | $2,904 | $3,950 | $4,955 |
| Union City | $323 | $590 | $940 | $1,454 | $2,280 |
| Yukon | $1,086 | $1,763 | $2,396 | $3,169 | $4,151 |
Source: Ownwell