Lucien, Garfield County, Oklahoma Property Taxes
The median property tax rate in Lucien, Oklahoma is 1.03%, slightly above both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Lucien at $72,270, the typical annual property tax bill amounts to $599, which is significantly lower than the national median of $2,690. Property taxes in Lucien are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lucien's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lucien or another part of Garfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lucien, Garfield County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$744
$691
Ownwell’s Lucien Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lucien with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lucien to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. 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 Lucien, Garfield County, Oklahoma
Property taxes in Lucien, Oklahoma, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Lucien is 1.03%, which is higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities in Lucien set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lucien 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 Lucien's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73757 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Lucien 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 Lucien Tax Rate
1.03%
Average Garfield County Tax Rate
1.14%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lucien, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73757 | 0.84% | 0.99% | 1.03% | 1.28% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Lucien, Garfield County, Oklahoma
In Lucien, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Appraisal District 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 Lucien, 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 Lucien helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lucien are both $599.00, found in the 73757 zip code.
Property Tax Assessment Values Across Lucien, Garfield County, Oklahoma
Source: Ownwell
$49,030
$97,303
$145,575
Average Lucien Assessed Value
$72,270
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 Lucien, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73757 | $25,368 | $32,130 | $72,270 | $145,590 | $150,156 |
Source: Ownwell
Property Tax Bills Across Lucien, Garfield County, Oklahoma
Property tax bills in Lucien, OK, are calculated based on the assessed value of a property, which is determined by the Garfield County Assessor's Office. This assessed value is a percentage of the property's market value. The county then applies a tax rate to this assessed value to generate the tax bill. In Lucien, homeowners experience a range of property tax bills, with the 25th percentile at $435 and the 75th percentile at $1,512, while the 90th percentile reaches $1,916. These figures illustrate the variability in tax burdens depending on property values and specific circumstances. The median home price in Lucien is $72,270, which influences the overall tax bill calculations. Compared to the national median property tax rate of 0.99%, homeowners in Lucien may find their tax rates relatively manageable. However, these taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby directly affecting the community's quality of life.
Average Lucien Tax Bill
$599
Average Garfield County Tax Bill
$950
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Lucien, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73757 | $256 | $435 | $599 | $1,512 | $1,916 |
Source: Ownwell