Dewey County Property Taxes
The median property tax rate in Dewey County is 0.70%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Dewey County at $78,646, the typical annual property tax bill is $505, significantly below the national median of $2,690. Property taxes in Dewey County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Dewey County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Taloga or another part of Dewey County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dewey County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$551
Ownwell’s Dewey County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Dewey County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Dewey 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 Dewey County, Oklahoma
Property taxes in Dewey County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dewey County is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Dewey County set these rates annually, and they can vary significantly between different areas within the county. Each year, Dewey 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 Vici has one of the higher property tax rates in Oklahoma at 0.82%, while the city of Taloga boasts one of the lowest at 0.54%. Analyzing how Dewey County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Dewey County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dewey County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camargo | 0.30% | 0.48% | 0.69% | 0.82% | 0.85% |
| Canton | 0.57% | 0.66% | 0.77% | 0.84% | 0.91% |
| Fay | 0.37% | 0.53% | 0.65% | 0.81% | 0.91% |
| Leedey | 0.39% | 0.50% | 0.65% | 0.79% | 0.83% |
| Longdale | 0.48% | 0.62% | 0.74% | 0.88% | 0.93% |
| Mutual | 0.66% | 0.68% | 0.75% | 0.82% | 0.83% |
| Oakwood | 0.29% | 0.42% | 0.57% | 0.67% | 0.80% |
| Putnam | 0.31% | 0.47% | 0.63% | 0.70% | 0.88% |
| Seiling | 0.45% | 0.57% | 0.73% | 0.84% | 0.84% |
| Taloga | 0.28% | 0.38% | 0.54% | 0.67% | 0.67% |
| Thomas | 0.57% | 0.67% | 0.77% | 0.88% | 0.90% |
| Vici | 0.59% | 0.72% | 0.82% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Dewey County, Oklahoma
In Dewey 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 Dewey 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 Dewey 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. Being aware of these valuation processes in Dewey County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Dewey County, the highest median tax bill is found in Mutual at $1,307, while the lowest is in Camargo at $304. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Average Dewey County Assessed Value
$78,646
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dewey County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camargo | $16,840 | $28,638 | $48,154 | $102,562 | $176,575 |
| Canton | $35,488 | $72,922 | $105,644 | $198,707 | $266,655 |
| Fay | $22,170 | $36,156 | $62,622 | $116,050 | $165,968 |
| Leedey | $29,893 | $44,825 | $81,691 | $131,221 | $191,406 |
| Longdale | $35,945 | $49,064 | $88,223 | $177,958 | $273,165 |
| Mutual | $44,346 | $56,113 | $166,392 | $262,363 | $269,474 |
| Oakwood | $14,411 | $41,859 | $83,661 | $134,888 | $199,410 |
| Putnam | $27,348 | $47,029 | $100,478 | $187,325 | $257,210 |
| Seiling | $23,472 | $42,868 | $87,518 | $141,352 | $203,513 |
| Taloga | $25,241 | $40,746 | $83,518 | $124,500 | $184,707 |
| Thomas | $32,751 | $45,027 | $105,703 | $221,843 | $347,885 |
| Vici | $24,469 | $38,693 | $68,515 | $118,264 | $172,441 |
Source: Ownwell
Property Tax Bills Across Dewey County, Oklahoma
In Dewey 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 property's market value, and this percentage can vary. Once the assessed value is established, local tax rates, set by various taxing authorities such as school districts and municipalities, are applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location and any applicable exemptions. For instance, homeowners in Mutual face the highest median tax bill at $1,307, while those in Camargo experience the lowest at $304. The range of tax bills in Dewey County varies significantly, with the 25th percentile at $257 and the 90th percentile reaching $1,471. For homeowners, understanding these factors is crucial as property taxes can impact overall housing costs. Compared to the national median property tax rate of 0.99%, Dewey County offers a relatively affordable tax environment, which can be a significant consideration for current and prospective homeowners.
Average Dewey County Tax Bill
$505
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Dewey County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camargo | $82 | $152 | $304 | $614 | $970 |
| Canton | $233 | $511 | $919 | $1,386 | $2,102 |
| Fay | $111 | $234 | $385 | $790 | $1,093 |
| Leedey | $160 | $272 | $500 | $861 | $1,368 |
| Longdale | $266 | $282 | $508 | $1,478 | $2,320 |
| Mutual | $298 | $385 | $1,307 | $2,196 | $2,239 |
| Oakwood | $70 | $201 | $438 | $693 | $1,429 |
| Putnam | $99 | $232 | $496 | $1,162 | $1,525 |
| Seiling | $140 | $295 | $624 | $1,015 | $1,540 |
| Taloga | $108 | $203 | $369 | $679 | $1,008 |
| Thomas | $244 | $310 | $578 | $1,315 | $2,761 |
| Vici | $170 | $282 | $524 | $890 | $1,390 |
Source: Ownwell