Craig County, Oklahoma Property Taxes
The median property tax rate in Craig County is 0.82%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Craig County, the typical annual property tax bill is $568, significantly below the national median of $2,690. Property taxes in Craig 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 Craig 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 Vinita or another part of Craig County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Craig County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$621
$576
Ownwell’s Craig County Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to quickly estimate their annual property taxes in Craig County using just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Craig County to provide an accurate estimate of your property tax bill, helping you understand your potential tax liabilities. For those interested in more localized trends, you can navigate to city-specific informational pages. Your property’s assessed value is determined by the county and includes any exemptions you may qualify for, making it a crucial factor in calculating your property taxes.
Property Tax Rates Across Craig County, Oklahoma
Property taxes in Craig County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Craig County is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Craig County set these rates annually, and they can vary significantly between different areas within the county. Each year, Craig 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. The following data compares Craig County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Adair has one of the higher property tax rates in Oklahoma at 0.92%, while the city of Afton boasts one of the lowest at 0.67%. Analyzing how Craig County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Craig County Tax Rate
0.82%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Craig County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair | 0.37% | 0.59% | 0.92% | 0.98% | 0.99% |
| Afton | 0.37% | 0.47% | 0.67% | 0.86% | 0.97% |
| Big Cabin | 0.39% | 0.57% | 0.74% | 0.91% | 0.99% |
| Bluejacket | 0.41% | 0.54% | 0.68% | 0.82% | 0.94% |
| Chelsea | 0.40% | 0.59% | 0.77% | 0.83% | 0.95% |
| Ketchum | 0.35% | 0.52% | 0.74% | 0.97% | 0.97% |
| Miami | 0.59% | 0.69% | 0.76% | 0.92% | 0.96% |
| S Coffeyville | N/A | N/A | N/A | N/A | N/A |
| Vinita | 0.48% | 0.67% | 0.85% | 0.99% | 0.99% |
| Welch | 0.44% | 0.60% | 0.77% | 0.89% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Craig County, Oklahoma
In Craig 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 Craig 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 Craig 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. In Craig County, Adair has the highest median tax bill at $1,104, while Ketchum has the lowest median tax bill at $473. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Craig County Assessed Value
$75,683
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Craig County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair | $42,067 | $69,887 | $121,142 | $177,788 | $307,329 |
| Afton | $40,048 | $67,726 | $138,004 | $280,132 | $424,822 |
| Big Cabin | $26,107 | $53,431 | $91,715 | $160,839 | $237,310 |
| Bluejacket | $26,372 | $48,584 | $78,334 | $144,002 | $223,436 |
| Chelsea | $37,775 | $74,668 | $124,879 | $179,041 | $228,641 |
| Ketchum | $32,651 | $42,419 | $74,260 | $115,672 | $133,057 |
| Miami | $69,117 | $81,087 | $117,851 | $181,081 | $247,043 |
| S Coffeyville | N/A | N/A | N/A | N/A | N/A |
| Vinita | $21,944 | $40,572 | $70,085 | $126,252 | $200,614 |
| Welch | $34,152 | $54,480 | $82,977 | $142,752 | $225,349 |
Source: Ownwell
Property Tax Bills Across Craig County, Oklahoma
In Craig County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Craig County is $75,683. To determine the tax bill, local tax rates are applied to this assessed value. Factors such as location and property type also influence the final tax amount. For example, in Adair, the highest median tax bill is $1,104, while in Ketchum, it is $473, showcasing the variability within the county. Homeowners in Craig County can expect a wide range of property tax bills. At the 25th percentile, the tax bill is around $302, while at the 75th percentile, it rises to $1,063. The 90th percentile sees tax bills reaching up to $1,738. Compared to the national median property tax rate of 0.99%, Craig County's tax rates reflect regional economic conditions and local government needs. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Craig County Tax Bill
$568
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Craig County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair | $211 | $418 | $1,104 | $1,694 | $2,814 |
| Afton | $218 | $380 | $997 | $1,584 | $2,716 |
| Big Cabin | $135 | $331 | $640 | $1,198 | $1,995 |
| Bluejacket | $137 | $268 | $530 | $983 | $1,642 |
| Chelsea | $248 | $361 | $745 | $1,297 | $1,859 |
| Ketchum | $130 | $277 | $473 | $840 | $1,137 |
| Miami | $451 | $512 | $990 | $1,409 | $2,144 |
| S Coffeyville | N/A | N/A | N/A | N/A | N/A |
| Vinita | $143 | $294 | $544 | $1,009 | $1,669 |
| Welch | $190 | $338 | $612 | $1,123 | $1,974 |
Source: Ownwell