Douglas, Garfield County, Oklahoma Property Taxes
The median property tax rate in Douglas, OK is 1.09%, which is notably higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Douglas at $55,300, the typical annual property tax bill amounts to $667, surpassing the national median of $2,690. Property taxes in Douglas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Douglas's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Douglas or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Douglas, Garfield County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$603
$559
Ownwell’s Douglas Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Douglas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Douglas to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available as you scroll down. 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 Douglas, Garfield County, Oklahoma
Property taxes in Douglas, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Douglas is 1.09%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Douglas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Douglas 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 Douglas's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73733 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Douglas provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Douglas Tax Rate
1.09%
Average Garfield County Tax Rate
1.14%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Douglas, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73733 | 0.68% | 0.88% | 1.09% | 1.33% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Douglas, Garfield County, Oklahoma
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Douglas, Oklahoma. 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 Garfield 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. In Douglas, 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 Douglas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Douglas is $55,300, with the 25th percentile tax bill at $304 and the 75th percentile tax bill at $1,243. The highest median tax bill in the area is $667, found in zip code 73733.
Property Tax Assessment Values Across Douglas, Garfield County, Oklahoma
Source: Ownwell
$49,030
$97,303
$145,575
Average Douglas Assessed Value
$55,300
Average Garfield County Assessed Value
$94,470
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Douglas, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73733 | $2,734 | $23,465 | $55,300 | $118,224 | $181,836 |
Source: Ownwell
Property Tax Bills Across Douglas, Garfield County, Oklahoma
In Douglas, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any improvements made to the home can influence the assessed value. Homeowners in Douglas face varying tax bills, with the 25th percentile paying around $304, while those in the 75th percentile pay approximately $1243. At the higher end, the 90th percentile sees tax bills reaching up to $2072. The median home price in Douglas is $55,300, and the median property tax rate is 0.99%, aligning with the national median. These tax bills can significantly impact homeowners, as higher property taxes can increase the overall cost of owning a home. Understanding how these taxes are calculated can help homeowners plan their finances better and potentially seek exemptions or appeals if they believe their property has been over-assessed.
Average Douglas Tax Bill
$667
Average Garfield County Tax Bill
$950
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Douglas, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73733 | $75 | $304 | $667 | $1,243 | $2,072 |
Source: Ownwell