Major County, Oklahoma Property Taxes
The median property tax rate in Major County is 0.83%, 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 Major County at $92,366, the typical annual property tax bill is around $720, significantly less than the national median of $2,690. Property taxes in Major County are calculated based on the tax assessed value, which is often below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Major 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 Fairview or another part of Major County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Major County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$767
$711
Ownwell’s Major County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Major County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Major 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 Major County, Oklahoma
Property taxes in Major County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Major County is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Major County set these rates annually, and they can vary significantly between different areas within the county. Each year, Major 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 Major County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Aline has one of the higher property tax rates in Oklahoma at 0.94%, while the city of Drummond boasts one of the lowest at 0.54%. Analyzing how Major County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Major County Tax Rate
0.83%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Major County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aline | 0.72% | 0.88% | 0.94% | 0.95% | 1.01% |
| Ames | 0.33% | 0.46% | 0.65% | 0.76% | 0.86% |
| Chester | 0.48% | 0.64% | 0.76% | 0.89% | 0.97% |
| Cleo Springs | 0.61% | 0.76% | 0.87% | 0.93% | 0.93% |
| Drummond | N/A | N/A | N/A | N/A | N/A |
| Fairview | 0.46% | 0.63% | 0.80% | 0.94% | 1.01% |
| Isabella | 0.45% | 0.62% | 0.80% | 0.91% | 0.97% |
| Lahoma | 0.66% | 0.74% | 0.83% | 0.86% | 1.02% |
| Longdale | 0.47% | 0.59% | 0.76% | 0.86% | 0.93% |
| Meno | 0.65% | 0.76% | 0.86% | 0.96% | 0.99% |
| Mooreland | N/A | N/A | N/A | N/A | N/A |
| Okeene | 0.61% | 0.78% | 0.85% | 0.96% | 1.03% |
| Ringwood | 0.62% | 0.78% | 0.91% | 0.97% | 0.99% |
| Seiling | N/A | N/A | N/A | N/A | N/A |
| Waynoka | 0.55% | 0.60% | 0.77% | 0.86% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Major County, Oklahoma
In Major 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 Major 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 Major 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. The city with the highest median tax bill in Major County is Aline at $1,299, while Drummond has the lowest at $501. Being aware of these valuation processes in Major County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Major County Assessed Value
$92,366
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Major County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aline | $54,251 | $121,315 | $132,702 | $176,145 | $189,384 |
| Ames | $38,049 | $66,102 | $99,918 | $141,483 | $203,778 |
| Chester | $34,122 | $65,687 | $113,838 | $170,142 | $240,868 |
| Cleo Springs | $16,115 | $36,027 | $64,953 | $120,168 | $185,320 |
| Drummond | N/A | N/A | N/A | N/A | N/A |
| Fairview | $27,507 | $47,047 | $86,412 | $146,427 | $222,503 |
| Isabella | $45,341 | $77,378 | $110,563 | $161,313 | $267,269 |
| Lahoma | $57,954 | $78,900 | $113,740 | $186,783 | $307,816 |
| Longdale | $29,125 | $52,786 | $87,904 | $135,103 | $259,403 |
| Meno | $35,386 | $54,748 | $91,232 | $130,000 | $199,697 |
| Mooreland | N/A | N/A | N/A | N/A | N/A |
| Okeene | $57,459 | $78,265 | $139,650 | $181,276 | $208,670 |
| Ringwood | $26,175 | $48,711 | $99,270 | $161,462 | $257,200 |
| Seiling | N/A | N/A | N/A | N/A | N/A |
| Waynoka | $49,581 | $81,665 | $120,072 | $179,632 | $208,228 |
Source: Ownwell
Property Tax Bills Across Major County, Oklahoma
In Major County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the home's market value. For instance, the median home price in Major County stands at $92,366. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the local tax rate and any applicable exemptions or deductions. Homeowners in Major County experience a range of tax bills, with the 25th percentile at $356 and the 75th percentile at $1,248. The 90th percentile reaches as high as $1,988. Comparatively, the national median property tax rate is 0.99%, indicating that Major County's rates can vary significantly. For homeowners, understanding these factors is crucial as they directly impact annual financial planning. Cities within the county, such as Aline and Drummond, also show varied median tax bills, highlighting the importance of localized assessments in determining property tax obligations.
Average Major County Tax Bill
$720
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Major County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aline | $507 | $925 | $1,299 | $1,520 | $1,706 |
| Ames | $189 | $319 | $604 | $1,000 | $1,444 |
| Chester | $213 | $431 | $865 | $1,325 | $1,984 |
| Cleo Springs | $124 | $258 | $545 | $1,015 | $1,618 |
| Drummond | N/A | N/A | N/A | N/A | N/A |
| Fairview | $161 | $337 | $691 | $1,248 | $1,931 |
| Isabella | $224 | $506 | $830 | $1,404 | $2,167 |
| Lahoma | $423 | $675 | $911 | $1,525 | $3,098 |
| Longdale | $192 | $344 | $655 | $1,086 | $2,096 |
| Meno | $271 | $452 | $772 | $1,183 | $1,810 |
| Mooreland | N/A | N/A | N/A | N/A | N/A |
| Okeene | $392 | $620 | $1,102 | $1,531 | $1,742 |
| Ringwood | $208 | $395 | $812 | $1,397 | $2,366 |
| Seiling | N/A | N/A | N/A | N/A | N/A |
| Waynoka | $300 | $629 | $872 | $1,297 | $1,640 |
Source: Ownwell