Kingfisher County, Oklahoma Property Taxes

Local government entities in Oklahoma set tax rates, resulting in significant variation across the state. Each year, counties like Kingfisher estimate their required budget to provide essential services. This budget is then divided by the total assessed value of all taxable property within the jurisdiction, leading to the property tax rate. Though the process involves various votes and laws, this annual calculation is the core of how property tax rates are determined.

In Kingfisher County, the effective property tax rate can be compared to other counties in Oklahoma or even the U.S. median property tax rate. The county's median tax rate is slightly lower than the national median, providing a relatively affordable tax environment for property owners. Within Oklahoma, Kingfisher County's rate falls between the highest, found in Crescent, and the lowest in Hennessey. Understanding these variations can be crucial for property owners looking to manage their tax liabilities effectively.

In Kingfisher County, Oklahoma, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is set by local assessors. Homeowners in this county face a median property tax bill that varies significantly based on location and property value. For instance, the median home price is $150,533, which influences the overall tax obligation. The 25th percentile of tax bills is $662, while the 75th percentile reaches $1,898, indicating a wide range in tax liabilities. The tax bill can climb to $3,080 at the 90th percentile, reflecting higher-value properties or different local rates.

In some areas, like Crescent, the median tax bill is as high as $1,938, whereas in Dover, it is as low as $839. Compared to the national median property tax rate of 1.02%, Kingfisher County's tax bills can offer a more affordable option for homeowners, although they can vary significantly based on specific property assessments and local rates.