Cement, Oklahoma Property Taxes
The median property tax rate in Cement, OK is 0.87%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $181,246 in Cement, the typical annual property tax bill amounts to $1,650, which is notably less than the national median of $2,690. Property taxes in Cement are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cement'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 Cement or another part of Comanche County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cement, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,577
Ownwell’s CEMENT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CEMENT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CEMENT 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 Cement, Oklahoma
Property taxes in Cement, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cement is 0.87%, slightly lower than the U.S. national median of 0.99%. Local government entities within Cement set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cement 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. Understanding how these cities compare with Cement provides valuable insights into the varying tax landscape across Comanche County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cement Tax Rate
0.87%
Average Comanche County Tax Rate
1.15%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cement, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73017 | 0.72% | 0.77% | 0.87% | 0.89% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Cement, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cement, Oklahoma. 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 Comanche County Appraisal District 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. Assessment notices in Cement 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. The median home price in Cement is $181,246, with tax bills ranging from $1,130 at the 25th percentile to $1,658 at the 75th percentile. 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 Cement helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cement Assessed Value
$181,246
Average Comanche County Assessed Value
$99,838
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cement, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73017 | $108,130 | $135,548 | $181,246 | $186,514 | $189,674 |
Source: Ownwell
Property Tax Bills Across Cement, Oklahoma
In Cement, located in Comanche County, OK, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Cement is $181,246, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence the tax bill, including the home's location, size, and any applicable exemptions. For homeowners in Cement, the property tax bill can vary significantly. For example, the 25th percentile tax bill is $1,130, while the 75th percentile tax bill is $1,658. These variations reflect differences in property values and assessments. The highest median tax bill recorded in the area is $1,650, which is in zip code 73017. Compared to the national median property tax rate of 0.99%, homeowners in Cement may find their tax rates relatively manageable. However, understanding these factors is crucial for homeowners to budget accordingly and potentially explore tax appeal options if they believe their assessed value is too high.
Average Cement Tax Bill
$1,650
Average Comanche County Tax Bill
$997
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Cement, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73017 | $819 | $1,130 | $1,650 | $1,658 | $1,662 |
Source: Ownwell