Cimarron County, Oklahoma Property Taxes
The median property tax rate in Cimarron County is 0.50%, 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 Cimarron County, the typical annual property tax bill reaches $314, which is well below the national median of $2,690. Property taxes in Cimarron 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 Cimarron 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 Boise City or another part of Cimarron County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cimarron County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$341
$317
Ownwell’s Cimarron County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cimarron County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cimarron 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 Cimarron County, Oklahoma
Property taxes in Cimarron County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cimarron County is 0.50%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cimarron County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cimarron 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, the city of Kenton has one of the higher property tax rates in Oklahoma at 0.69%, while the city of Boise City boasts one of the lowest at 0.46%. Analyzing how Cimarron County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cimarron County Tax Rate
0.50%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cimarron County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boise City | 0.22% | 0.32% | 0.46% | 0.67% | 0.83% |
| Felt | 0.37% | 0.44% | 0.63% | 0.77% | 0.83% |
| Kenton | 0.37% | 0.62% | 0.69% | 0.83% | 0.83% |
| Keyes | 0.25% | 0.33% | 0.47% | 0.70% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Cimarron County, Oklahoma
In Cimarron 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 Cimarron 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 Cimarron 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, Felt has the highest median tax bill at $640, while Kenton enjoys the lowest at $248. Being aware of these valuation processes in Cimarron 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 Cimarron County, Oklahoma
Source: Ownwell
$37,071
$76,642
$116,213
Average Cimarron County Assessed Value
$68,218
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cimarron County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boise City | $22,718 | $36,427 | $61,524 | $100,778 | $152,504 |
| Felt | $40,376 | $72,825 | $116,213 | $170,581 | $227,602 |
| Kenton | $26,112 | $28,078 | $37,071 | $41,946 | $64,742 |
| Keyes | $18,142 | $36,897 | $54,044 | $81,421 | $127,571 |
Source: Ownwell
Property Tax Bills Across Cimarron County, Oklahoma
Property tax bills in Cimarron County, OK, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor's office. Various factors such as property size, location, and improvements are considered to establish this value. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the annual tax bill. In Cimarron County, the median home price is $68,218. Tax bills in the county vary significantly, with the 25th percentile at $169 and the 75th percentile at $588. Homeowners in the 90th percentile can expect to pay around $959 annually. Notably, Felt has the highest median tax bill at $640, while Kenton has the lowest at $248. Compared to the national median property tax rate of 0.99%, homeowners in Cimarron County generally enjoy lower property tax bills, which can make homeownership more affordable in this region.
Average Cimarron County Tax Bill
$314
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Cimarron County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boise City | $92 | $149 | $258 | $479 | $733 |
| Felt | $241 | $332 | $640 | $1,012 | $1,220 |
| Kenton | $100 | $160 | $248 | $313 | $452 |
| Keyes | $88 | $151 | $248 | $423 | $651 |
Source: Ownwell