Kiowa County, Oklahoma Property Taxes
The median property tax rate in Kiowa County is 0.85%, 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 $46,198 in Kiowa County, the typical annual property tax bill amounts to $368, significantly below the national median of $2,690. Property taxes in Kiowa County are calculated based on the tax 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 the specific property tax system in Kiowa County, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Hobart or another part of Kiowa County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kiowa County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$393
$364
Ownwell’s Kiowa County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Kiowa County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Kiowa County 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 Kiowa County, Oklahoma
Property taxes in Kiowa County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kiowa County is 0.85%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Kiowa County set these rates annually, and they can vary significantly between different areas within the county. Each year, Kiowa 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 Kiowa County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Carnegie has one of the higher property tax rates in Oklahoma at 1.05%, while the city of Lone Wolf boasts one of the lowest at 0.76%. Analyzing how Kiowa County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kiowa County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kiowa County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carnegie | 0.84% | 0.88% | 1.05% | 1.08% | 1.08% |
| Gotebo | 0.38% | 0.61% | 0.87% | 1.04% | 1.05% |
| Hobart | 0.44% | 0.66% | 0.87% | 1.01% | 1.03% |
| Indiahoma | N/A | N/A | N/A | N/A | N/A |
| Lone Wolf | 0.37% | 0.54% | 0.76% | 0.82% | 0.82% |
| Mountain Park | 0.38% | 0.59% | 0.84% | 0.95% | 0.95% |
| Mountain View | 0.45% | 0.74% | 0.93% | 1.05% | 1.05% |
| Roosevelt | 0.48% | 0.68% | 0.88% | 0.95% | 0.95% |
| Snyder | 0.45% | 0.68% | 0.86% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Kiowa County, Oklahoma
In Kiowa 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 Kiowa 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 Kiowa 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, Indiahoma has the highest median tax bill at $740, while Mountain Park has the lowest at $178. Being aware of these valuation processes in Kiowa County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Kiowa County Assessed Value
$46,198
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kiowa County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carnegie | $41,663 | $56,305 | $72,316 | $147,582 | $216,164 |
| Gotebo | $8,044 | $14,906 | $22,648 | $50,928 | $98,838 |
| Hobart | $19,041 | $30,382 | $49,655 | $89,494 | $150,296 |
| Indiahoma | N/A | N/A | N/A | N/A | N/A |
| Lone Wolf | $13,430 | $26,428 | $47,654 | $78,476 | $143,988 |
| Mountain Park | $7,394 | $14,998 | $26,296 | $49,650 | $98,273 |
| Mountain View | $13,552 | $24,832 | $40,666 | $63,637 | $97,351 |
| Roosevelt | $6,268 | $17,430 | $38,524 | $77,810 | $126,902 |
| Snyder | $15,083 | $26,511 | $46,813 | $80,776 | $130,463 |
Source: Ownwell
Property Tax Bills Across Kiowa County, Oklahoma
In Kiowa County, OK, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The county's median home price stands at $46,198. Tax bills in Kiowa County vary widely, with the 25th percentile at $181 and the 75th percentile at $692. At the 90th percentile, homeowners may see tax bills as high as $1,212. The highest median tax bill in the county is found in Indiahoma at $740, while Mountain Park has the lowest at $178. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. For homeowners, understanding these elements is crucial as they directly impact the annual financial obligations tied to property ownership. Compared to the national median property tax rate of 0.99%, Kiowa County's tax rates are relatively modest, making it an attractive location for homeowners seeking lower property tax burdens.
Average Kiowa County Tax Bill
$368
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Kiowa County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carnegie | $382 | $451 | $682 | $1,715 | $2,296 |
| Gotebo | $30 | $89 | $180 | $443 | $838 |
| Hobart | $102 | $223 | $400 | $766 | $1,384 |
| Indiahoma | N/A | N/A | N/A | N/A | N/A |
| Lone Wolf | $64 | $148 | $318 | $569 | $1,123 |
| Mountain Park | $34 | $84 | $178 | $382 | $757 |
| Mountain View | $84 | $180 | $338 | $576 | $868 |
| Roosevelt | $49 | $116 | $315 | $665 | $1,112 |
| Snyder | $73 | $172 | $362 | $670 | $1,126 |
Source: Ownwell