Yukon, Canadian County, Oklahoma Property Taxes
The median property tax rate in Yukon, OK is 1.04%, slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Yukon at $236,256, the typical annual property tax bill reaches $2,396, which is below the national median of $2,690. Property taxes in Yukon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Yukon'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 Yukon or another part of Canadian County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yukon, Canadian County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,457
$2,280
Ownwell’s Yukon Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Yukon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yukon 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 Yukon, Canadian County, Oklahoma
Property taxes in Yukon, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yukon is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Yukon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yukon 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 Yukon's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73099 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Yukon provides valuable insights into the varying tax landscape across Canadian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yukon Tax Rate
1.04%
Average Canadian County Tax Rate
1.01%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yukon, Canadian County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73099 | 0.75% | 0.93% | 1.04% | 1.15% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Yukon, Canadian County, Oklahoma
In Yukon, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Canadian County Assessor 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. In Yukon, assessment notices 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 in Yukon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill for the zip code 73099 is $2,396, which is consistent across both the highest and lowest median tax bills in the area.
Property Tax Assessment Values Across Yukon, Canadian County, Oklahoma
Source: Ownwell
$42,891
$180,777
$318,662
Average Yukon Assessed Value
$236,256
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 Yukon, Canadian County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73099 | $155,308 | $192,258 | $236,256 | $293,207 | $370,020 |
Source: Ownwell
Property Tax Bills Across Yukon, Canadian County, Oklahoma
In Yukon, located in Canadian County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $236,256, the tax bill can range significantly. Homeowners in the 25th percentile might pay around $1,763, while those in the 75th percentile could see bills as high as $3,169. At the 90th percentile, tax bills can reach up to $4,151. Yukon's property tax rate is competitive compared to the national median property tax rate of 0.99%. However, the highest and lowest median tax bills in the area are both $2,396, which is specific to the 73099 zip code. These factors, including the assessed value and local tax rate, directly impact homeowners by influencing their annual expenses, making it crucial for them to understand how these calculations are made.
Average Yukon Tax Bill
$2,396
Average Canadian County Tax Bill
$2,244
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Yukon, Canadian County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73099 | $1,086 | $1,763 | $2,396 | $3,169 | $4,151 |
Source: Ownwell