Comanche, Oklahoma Property Taxes
The median property tax rate in Comanche, OK is 0.89%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $104,362 in Comanche, the typical annual property tax bill amounts to $632, significantly below the national median of $2,690. Property taxes in Comanche are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Comanche, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Comanche or another part of Cotton County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Comanche, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$929
Ownwell’s Comanche Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Comanche with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comanche 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 Comanche, Oklahoma
Property taxes in Comanche, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Comanche is 0.74%, lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Comanche set these rates annually, and they can vary significantly across different neighborhoods. Each year, Comanche 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 Comanche's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73529 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Comanche provides valuable insights into the varying tax landscape across Cotton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comanche Tax Rate
0.89%
Average Cotton County Tax Rate
0.94%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comanche, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | 0.85% | 0.86% | 0.89% | 0.95% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Comanche, Oklahoma
In Comanche, 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 Cotton 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. 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 Comanche helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in the area is 73529, with a tax bill of $632.00.
Average Comanche Assessed Value
$104,362
Average Cotton County Assessed Value
$65,187
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comanche, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | $22,330 | $46,255 | $104,362 | $136,930 | $142,536 |
Source: Ownwell
Property Tax Bills Across Comanche, Oklahoma
In Comanche, Cotton County, OK, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Comanche is $104,362, and the property tax rate is applied to this value to calculate the tax bill. Factors such as the home's assessed value, local tax rates, and any applicable exemptions influence the final amount. For instance, tax bills in Comanche range significantly, with the 25th percentile at $328, the 75th percentile at $1,151, and the 90th percentile reaching up to $1,250. Homeowners in Comanche experience varying impacts from property taxes, depending on their home's value and eligibility for exemptions. Comparing this to the national median property tax rate of 0.99%, Comanche's rates can be seen as relatively moderate, offering some relief to homeowners. The highest and lowest median tax bill in the area both stand at $632, indicating a degree of consistency in tax assessments within the zip code 73529.
Average Comanche Tax Bill
$632
Average Cotton County Tax Bill
$542
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Comanche, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | $179 | $328 | $632 | $1,151 | $1,250 |
Source: Ownwell