Kingfisher County, Oklahoma Property Taxes
The median property tax rate in Kingfisher County is 0.84%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Kingfisher County, the typical annual property tax bill is $1,129, significantly below the national median of $2,690. Property taxes in Kingfisher County are calculated based on the assessed value, which usually falls below the actual market value due to various property tax exemptions like those for primary residences and agricultural properties. Understanding Kingfisher 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 Kingfisher or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kingfisher County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,264
$1,173
Ownwell’s Kingfisher Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kingfisher with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Kingfisher to provide an estimate of 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 localized informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations, taking into account any exemptions you may have on your property.
Property Tax Rates Across Kingfisher County, Oklahoma
Property taxes in Kingfisher play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kingfisher is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Kingfisher set these rates annually, and they can vary significantly between different areas within the county. Each year, Kingfisher 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 Kingfisher's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Crescent has one of the higher property tax rates in Oklahoma at 1.01%, while the city of Ames boasts one of the lowest at 0.62%. Analyzing how Kingfisher's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kingfisher County Tax Rate
0.84%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingfisher County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ames | N/A | N/A | N/A | N/A | N/A |
| Cashion | 0.61% | 0.80% | 0.96% | 1.04% | 1.04% |
| Crescent | 0.68% | 0.83% | 1.01% | 1.18% | 1.24% |
| Dover | 0.44% | 0.60% | 0.79% | 0.98% | 1.03% |
| Hennessey | 0.41% | 0.53% | 0.68% | 0.83% | 0.87% |
| Hitchcock | N/A | N/A | N/A | N/A | N/A |
| Kingfisher | 0.53% | 0.74% | 0.89% | 0.94% | 0.94% |
| Loyal | 0.38% | 0.51% | 0.72% | 0.88% | 0.98% |
| Marshall | N/A | N/A | N/A | N/A | N/A |
| Okarche | 0.43% | 0.56% | 0.77% | 0.85% | 0.85% |
| Okeene | N/A | N/A | N/A | N/A | N/A |
| Omega | 0.49% | 0.60% | 0.77% | 0.97% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Kingfisher County, Oklahoma
In Kingfisher 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 Kingfisher 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 Kingfisher 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 instance, the highest median tax bill in the county is in Ames at $2,138, while the lowest is in Hitchcock at $748. Being aware of these valuation processes in Kingfisher 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 Kingfisher County, Oklahoma
Source: Ownwell
$119,734
$161,141
$202,548
Average Kingfisher County Assessed Value
$150,533
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingfisher County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ames | N/A | N/A | N/A | N/A | N/A |
| Cashion | $67,536 | $110,094 | $202,548 | $310,155 | $385,484 |
| Crescent | $110,882 | $140,718 | $194,076 | $293,950 | $424,540 |
| Dover | $43,691 | $72,528 | $119,734 | $184,028 | $285,004 |
| Hennessey | $55,164 | $85,365 | $129,816 | $200,572 | $313,004 |
| Hitchcock | N/A | N/A | N/A | N/A | N/A |
| Kingfisher | $60,389 | $92,050 | $147,165 | $227,934 | $339,215 |
| Loyal | $31,083 | $62,314 | $132,502 | $211,867 | $298,244 |
| Marshall | N/A | N/A | N/A | N/A | N/A |
| Okarche | $95,026 | $137,941 | $192,882 | $287,996 | $448,071 |
| Okeene | N/A | N/A | N/A | N/A | N/A |
| Omega | $49,947 | $100,466 | $176,896 | $260,837 | $395,131 |
Source: Ownwell
Property Tax Bills Across Kingfisher County, Oklahoma
In Kingfisher County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Kingfisher County, the median home price is $150,533. The property tax bills can vary significantly, with the 25th percentile tax bill at $662, the 75th percentile at $1898, and the 90th percentile reaching up to $3080. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Kingfisher County may experience different levels of property tax burden depending on these variables. For instance, residents in Ames face the highest median tax bill at $2138, while those in Hitchcock enjoy the lowest median tax bill at $748. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Kingfisher County Tax Bill
$1,129
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingfisher County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ames | N/A | N/A | N/A | N/A | N/A |
| Cashion | $423 | $908 | $1,786 | $3,010 | $3,703 |
| Crescent | $868 | $1,250 | $1,938 | $3,055 | $4,552 |
| Dover | $259 | $504 | $839 | $1,501 | $2,406 |
| Hennessey | $280 | $509 | $856 | $1,346 | $2,289 |
| Hitchcock | N/A | N/A | N/A | N/A | N/A |
| Kingfisher | $412 | $736 | $1,206 | $1,920 | $3,007 |
| Loyal | $165 | $362 | $916 | $1,552 | $2,648 |
| Marshall | N/A | N/A | N/A | N/A | N/A |
| Okarche | $553 | $901 | $1,329 | $2,092 | $3,160 |
| Okeene | N/A | N/A | N/A | N/A | N/A |
| Omega | $408 | $694 | $1,357 | $1,862 | $3,604 |
Source: Ownwell