Custer County, Oklahoma Property Taxes
The median property tax rate in Custer County is 1.01%, which is slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Custer County at $105,000, the typical annual property tax bill reaches $977. Property taxes in Custer 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 Custer 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 Clinton or another part of Custer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Custer County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,061
$984
Ownwell’s Custer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Custer County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Custer 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 Custer County, Oklahoma
Property taxes in Custer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Custer County is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Custer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Custer 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 Custer County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Clinton has one of the higher property tax rates in Oklahoma at 1.07%, while the city of Fay boasts one of the lowest at 0.56%. Analyzing how Custer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Custer County Tax Rate
1.01%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Custer County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapaho | 0.45% | 0.67% | 0.89% | 0.98% | 1.01% |
| Butler | 0.54% | 0.74% | 0.91% | 1.02% | 1.10% |
| Canute | 0.50% | 0.84% | 0.87% | 0.91% | 1.06% |
| Clinton | 0.56% | 0.83% | 1.07% | 1.17% | 1.17% |
| Custer City | 0.37% | 0.53% | 0.70% | 0.90% | 1.00% |
| Elk City | 0.52% | 0.81% | 0.92% | 0.93% | 1.10% |
| Fay | 0.41% | 0.45% | 0.56% | 0.65% | 0.81% |
| Foss | 0.58% | 0.85% | 0.95% | 1.08% | 1.10% |
| Hammon | 0.42% | 0.69% | 0.82% | 0.91% | 0.93% |
| Hydro | 0.54% | 0.69% | 0.91% | 1.00% | 1.05% |
| Leedey | 0.67% | 0.76% | 0.83% | 0.88% | 0.90% |
| Thomas | 0.43% | 0.59% | 0.78% | 0.93% | 1.00% |
| Weatherford | 0.66% | 0.88% | 1.03% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Custer County, Oklahoma
In Custer 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 Custer 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 Custer 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 example, Hydro has the highest median tax bill at $1,624, whereas Fay has the lowest at $487. Being aware of these valuation processes in Custer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Custer County Assessed Value
$105,000
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Custer County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapaho | $33,064 | $51,742 | $78,046 | $118,000 | $204,743 |
| Butler | $17,773 | $30,085 | $61,877 | $99,590 | $145,787 |
| Canute | $55,690 | $71,007 | $89,164 | $123,790 | $239,711 |
| Clinton | $23,000 | $37,276 | $67,842 | $127,028 | $190,918 |
| Custer City | $15,381 | $40,484 | $68,377 | $108,154 | $173,826 |
| Elk City | $37,564 | $45,682 | $74,302 | $235,012 | $256,947 |
| Fay | $47,404 | $68,475 | $108,984 | $125,045 | $150,976 |
| Foss | $36,170 | $61,295 | $85,570 | $129,323 | $224,392 |
| Hammon | $37,728 | $45,752 | $76,367 | $134,024 | $205,985 |
| Hydro | $55,999 | $92,380 | $190,869 | $240,529 | $349,870 |
| Leedey | $42,458 | $57,839 | $86,657 | $166,182 | $220,506 |
| Thomas | $29,817 | $47,152 | $80,249 | $135,861 | $208,132 |
| Weatherford | $66,252 | $100,994 | $157,370 | $225,000 | $324,378 |
Source: Ownwell
Property Tax Bills Across Custer County, Oklahoma
In Custer County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Custer County can expect their property tax bills to vary significantly depending on several factors, including the specific location and the value of their property. For example, the median home price in the county is $105,000. Homeowners in Hydro face the highest median tax bill at $1,624, while those in Fay enjoy the lowest median tax bill at $487. For a broader perspective, the tax bill at the 25th percentile is $472, at the 75th percentile is $1,734, and at the 90th percentile is $2,758. These figures illustrate the range of property tax burdens within the county. Compared to the national median property tax rate of 0.99%, Custer County's property taxes can be relatively moderate, affecting homeowners' overall financial planning and housing costs.
Average Custer County Tax Bill
$977
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Custer County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapaho | $209 | $395 | $659 | $1,100 | $1,839 |
| Butler | $117 | $212 | $526 | $929 | $1,495 |
| Canute | $482 | $569 | $746 | $1,019 | $2,336 |
| Clinton | $185 | $323 | $655 | $1,333 | $2,044 |
| Custer City | $106 | $218 | $491 | $824 | $1,285 |
| Elk City | $284 | $424 | $840 | $2,180 | $2,368 |
| Fay | $295 | $424 | $487 | $587 | $1,006 |
| Foss | $266 | $477 | $867 | $1,231 | $2,096 |
| Hammon | $204 | $348 | $557 | $1,138 | $2,191 |
| Hydro | $322 | $862 | $1,624 | $2,516 | $3,128 |
| Leedey | $243 | $498 | $719 | $1,291 | $1,869 |
| Thomas | $154 | $317 | $631 | $1,024 | $1,615 |
| Weatherford | $536 | $933 | $1,519 | $2,273 | $3,398 |
Source: Ownwell