Kay County, Oklahoma Property Taxes
The median property tax rate in Kay County is 0.75%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $73,378 in Kay County, the typical annual property tax bill amounts to $552, well below the national median of $2,690. Property taxes in Kay County are calculated based on the assessed value, which is often less than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Kay 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 Ponca City or another part of Kay County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kay County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$550
$511
Ownwell’s Kay County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Kay County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Kay County to estimate your property tax bill. This insightful tool 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 Kay County, Oklahoma
Property taxes in Kay County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kay County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Kay County set these rates annually, and they can vary significantly between different areas within the county. Each year, Kay 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 Kay County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Lamont has one of the higher property tax rates in Oklahoma at 0.96%, while the city of Newkirk boasts one of the lowest at 0.68%. Analyzing how Kay County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kay County Tax Rate
0.75%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kay County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Billings | N/A | N/A | N/A | N/A | N/A |
| Blackwell | 0.38% | 0.56% | 0.72% | 0.92% | 1.11% |
| Braman | 0.44% | 0.53% | 0.69% | 0.83% | 0.98% |
| Kaw City | 0.45% | 0.59% | 0.85% | 1.22% | 1.26% |
| Lamont | N/A | N/A | N/A | N/A | N/A |
| Nardin | 0.42% | 0.59% | 0.76% | 0.97% | 1.07% |
| Newkirk | 0.37% | 0.52% | 0.68% | 0.85% | 0.99% |
| Ponca City | 0.48% | 0.61% | 0.76% | 0.93% | 1.03% |
| Shidler | N/A | N/A | N/A | N/A | N/A |
| Tonkawa | 0.43% | 0.56% | 0.77% | 0.99% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Kay County, Oklahoma
In Kay 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 Kay 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 Kay 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 Kay County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Kay County, the highest median tax bill is in Billings at $999, while the lowest is in Blackwell at $332. The median home price is $73,378, with tax bills ranging from $286 at the 25th percentile to $1,040 at the 75th percentile, and up to $1,738 at the 90th percentile.
Average Kay County Assessed Value
$73,378
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kay County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Billings | N/A | N/A | N/A | N/A | N/A |
| Blackwell | $22,361 | $28,103 | $44,569 | $83,264 | $139,921 |
| Braman | $21,993 | $35,748 | $72,092 | $130,473 | $205,576 |
| Kaw City | $22,019 | $39,986 | $87,637 | $138,904 | $207,286 |
| Lamont | N/A | N/A | N/A | N/A | N/A |
| Nardin | $32,536 | $50,773 | $116,366 | $176,218 | $211,617 |
| Newkirk | $22,541 | $39,072 | $76,872 | $134,906 | $210,648 |
| Ponca City | $31,557 | $47,522 | $84,954 | $148,932 | $217,295 |
| Shidler | N/A | N/A | N/A | N/A | N/A |
| Tonkawa | $26,129 | $35,971 | $57,164 | $104,965 | $168,261 |
Source: Ownwell
Property Tax Bills Across Kay County, Oklahoma
In Kay County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Factors such as the property's location, size, and improvements are considered to determine this assessed value. The local tax rate is then applied to the assessed value to calculate the annual tax bill. For homeowners in Kay County, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $286, while the 75th percentile tax bill is $1,040, and the 90th percentile tax bill reaches $1,738. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how local rates and assessed values influence their financial obligations. In cities within the county, such as Billings and Blackwell, median tax bills can differ, with Billings at $999 and Blackwell at $332. These variations highlight the importance of understanding local property tax assessments and rates, as they directly impact homeowners' annual expenses.
Average Kay County Tax Bill
$552
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Kay County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Billings | N/A | N/A | N/A | N/A | N/A |
| Blackwell | $110 | $184 | $332 | $633 | $1,121 |
| Braman | $110 | $224 | $450 | $983 | $1,558 |
| Kaw City | $178 | $330 | $654 | $1,147 | $1,774 |
| Lamont | N/A | N/A | N/A | N/A | N/A |
| Nardin | $165 | $380 | $872 | $1,422 | $1,665 |
| Newkirk | $122 | $286 | $566 | $974 | $1,487 |
| Ponca City | $195 | $342 | $648 | $1,171 | $1,900 |
| Shidler | N/A | N/A | N/A | N/A | N/A |
| Tonkawa | $137 | $255 | $456 | $791 | $1,447 |
Source: Ownwell