Jefferson County, Oklahoma Property Taxes
The median property tax rate in Jefferson County is 0.93%, which is slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Jefferson County, the typical annual property tax bill is approximately $362, significantly below the national median of $2,690. Property taxes in Jefferson 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 Jefferson 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 Waurika or another part of Jefferson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$400
$372
Ownwell’s Jefferson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Jefferson 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 Jefferson County, Oklahoma
Property taxes in Jefferson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jefferson County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Jefferson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jefferson 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 Waurika has one of the higher property tax rates in Oklahoma at 1.02%, while the city of Terral boasts one of the lowest at 0.65%. Analyzing how Jefferson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jefferson County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addington | N/A | N/A | N/A | N/A | N/A |
| Comanche | N/A | N/A | N/A | N/A | N/A |
| Cornish | N/A | N/A | N/A | N/A | N/A |
| Hastings | 0.69% | 0.88% | 1.02% | 1.02% | 1.02% |
| Loco | 0.75% | 0.81% | 0.86% | 0.96% | 0.97% |
| Ringling | 0.61% | 0.76% | 0.91% | 0.97% | 0.97% |
| Ryan | 0.34% | 0.50% | 0.67% | 0.91% | 1.18% |
| Terral | 0.35% | 0.48% | 0.65% | 0.89% | 1.11% |
| Waurika | 0.69% | 0.89% | 1.02% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson County, Oklahoma
In Jefferson 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 Jefferson 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 Jefferson 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, the highest median tax bill in the county is $586 in Loco, while the lowest is $229 in Addington. Being aware of these valuation processes in Jefferson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Jefferson County, Oklahoma
Source: Ownwell
$33,098
$53,306
$73,514
Average Jefferson County Assessed Value
$43,058
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addington | N/A | N/A | N/A | N/A | N/A |
| Comanche | N/A | N/A | N/A | N/A | N/A |
| Cornish | N/A | N/A | N/A | N/A | N/A |
| Hastings | $13,610 | $18,643 | $33,098 | $63,480 | $132,975 |
| Loco | $19,545 | $49,481 | $73,514 | $103,865 | $162,671 |
| Ringling | $14,170 | $22,124 | $39,478 | $80,166 | $164,586 |
| Ryan | $16,842 | $25,747 | $46,717 | $95,646 | $145,048 |
| Terral | $16,131 | $22,593 | $36,786 | $76,153 | $136,022 |
| Waurika | $11,940 | $20,584 | $41,364 | $68,411 | $131,676 |
Source: Ownwell
Property Tax Bills Across Jefferson County, Oklahoma
In Jefferson County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The county uses this assessed value to determine the tax bill by applying the local tax rate. For instance, with a median home price of $43,058, the tax bill can vary significantly. Homeowners in the 25th percentile might see tax bills around $184, while those in the 75th percentile could pay up to $700. At the 90th percentile, tax bills can reach as high as $1,411. Several factors influence these amounts, including property location and specific municipal tax rates. For example, Loco has the highest median tax bill at $586, whereas Addington has the lowest at $229. These variations can significantly impact homeowners, making it essential to understand local tax policies and how they affect individual financial obligations. Compared to the national median property tax rate of 0.99%, Jefferson County offers a relatively affordable property tax landscape for its residents.
Average Jefferson County Tax Bill
$362
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addington | N/A | N/A | N/A | N/A | N/A |
| Comanche | N/A | N/A | N/A | N/A | N/A |
| Cornish | N/A | N/A | N/A | N/A | N/A |
| Hastings | $122 | $182 | $304 | $560 | $1,260 |
| Loco | $143 | $450 | $586 | $904 | $1,498 |
| Ringling | $108 | $183 | $339 | $694 | $1,491 |
| Ryan | $85 | $151 | $320 | $683 | $1,374 |
| Terral | $80 | $149 | $262 | $452 | $946 |
| Waurika | $104 | $196 | $384 | $657 | $1,261 |
Source: Ownwell