Ames, Oklahoma Property Taxes
The median property tax rate in Ames, Oklahoma is 0.62%, 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 Ames at $297,038, the typical annual property tax bill amounts to $2,138, falling below the national median of $2,690. Property taxes in Ames are calculated based on the tax assessed value, which often comes in under the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Ames’ property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ames or elsewhere in Kingfisher County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ames, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,842
Ownwell’s Ames Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ames with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ames 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 Ames, Oklahoma
Property taxes in Ames, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ames is 0.62%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Ames set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ames 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 Ames's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73718 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Ames provides valuable insights into the varying tax landscape across Kingfisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ames Tax Rate
0.62%
Average Kingfisher County Tax Rate
0.84%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ames, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73718 | 0.33% | 0.39% | 0.62% | 0.83% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Ames, Oklahoma
In Ames, 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 Kingfisher 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 Ames, 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 Ames helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 73718, with a median tax bill of $2,138. Similarly, the zip code with the lowest median tax bill is also 73718, with the same median tax bill of $2,138.
Average Ames Assessed Value
$297,038
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 Ames, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73718 | $114,952 | $133,354 | $297,038 | $531,843 | $678,263 |
Source: Ownwell
Property Tax Bills Across Ames, Oklahoma
In Ames, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Ames face a wide range of property tax bills. For instance, the 25th percentile tax bill is $525, while the 75th percentile tax bill reaches $4,448, and the 90th percentile tax bill is as high as $5,840. These figures highlight the variability in property tax burdens depending on property values and other factors. The median home price in Ames is $297,038, which influences the assessed value and, consequently, the tax bill. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates might differ. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Ames.
Average Ames Tax Bill
$2,138
Average Kingfisher County Tax Bill
$1,129
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ames, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73718 | $389 | $525 | $2,138 | $4,448 | $5,840 |
Source: Ownwell