Ellis County, Oklahoma Property Taxes
The median property tax rate in Ellis County is 0.89%, which is slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $64,405 in Ellis County, the typical annual property tax bill is approximately $539, well below the national median of $2,690. Property taxes in Ellis County are calculated based on the tax-assessed value, which generally falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Ellis 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 Arnett or another part of Ellis County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ellis County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$573
$532
Ownwell’s Ellis County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ellis County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ellis 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 Ellis County, Oklahoma
Property taxes in Ellis County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ellis County is 0.89%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Ellis County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ellis 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 Ellis County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Gage has one of the higher property tax rates in Oklahoma at 1.03%, while the city of Laverne boasts one of the lowest at 0.61%. Analyzing how Ellis County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ellis County Tax Rate
0.89%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellis County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arnett | 0.41% | 0.52% | 0.64% | 0.73% | 0.73% |
| Fargo | 0.56% | 0.77% | 0.99% | 1.13% | 1.16% |
| Fort Supply | N/A | N/A | N/A | N/A | N/A |
| Gage | 0.64% | 0.82% | 1.03% | 1.16% | 1.16% |
| Harmon | N/A | N/A | N/A | N/A | N/A |
| Laverne | N/A | N/A | N/A | N/A | N/A |
| May | 0.54% | 0.71% | 0.76% | 0.83% | 0.84% |
| Shattuck | 0.66% | 0.85% | 1.03% | 1.11% | 1.11% |
| Vici | 0.53% | 0.64% | 0.77% | 0.79% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Ellis County, Oklahoma
In Ellis 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 Ellis 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 Ellis 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 Ellis County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Homeowners in Fort Supply face the highest median tax bill at $1,039, while those in Harmon enjoy the lowest at $189.
Average Ellis County Assessed Value
$64,405
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellis County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arnett | $18,948 | $35,491 | $70,083 | $129,164 | $208,704 |
| Fargo | $23,953 | $39,578 | $64,950 | $107,348 | $166,272 |
| Fort Supply | N/A | N/A | N/A | N/A | N/A |
| Gage | $18,031 | $30,945 | $53,439 | $94,056 | $161,867 |
| Harmon | N/A | N/A | N/A | N/A | N/A |
| Laverne | N/A | N/A | N/A | N/A | N/A |
| May | $61,792 | $82,204 | $133,654 | $162,857 | $266,117 |
| Shattuck | $23,672 | $37,614 | $61,403 | $107,015 | $170,549 |
| Vici | $81,938 | $90,343 | $105,482 | $165,084 | $198,591 |
Source: Ownwell
Property Tax Bills Across Ellis County, Oklahoma
In Ellis 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 Ellis County is $64,405. Homeowners can expect their tax bills to vary widely; for instance, the tax bill at the 25th percentile is $302, while at the 75th percentile, it rises to $975, and at the 90th percentile, it can reach as high as $1,633. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. In comparison to the national median property tax rate of 0.99%, Ellis County's tax rates are relatively moderate. This variability in tax bills affects homeowners differently, with those in cities like Fort Supply facing higher median tax bills of $1,039, while those in Harmon experience much lower median tax bills, around $189. Understanding these factors helps homeowners plan better for their annual property tax expenses.
Average Ellis County Tax Bill
$539
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellis County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arnett | $112 | $204 | $410 | $741 | $1,392 |
| Fargo | $193 | $334 | $640 | $1,033 | $1,681 |
| Fort Supply | N/A | N/A | N/A | N/A | N/A |
| Gage | $161 | $276 | $506 | $921 | $1,572 |
| Harmon | N/A | N/A | N/A | N/A | N/A |
| Laverne | N/A | N/A | N/A | N/A | N/A |
| May | $480 | $759 | $986 | $1,302 | $1,668 |
| Shattuck | $207 | $347 | $573 | $1,070 | $1,707 |
| Vici | $556 | $662 | $762 | $968 | $1,581 |
Source: Ownwell