Marshall County, Oklahoma Property Taxes

Name: Property Tax Bills Across Marshall County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Marshall County effective property tax rate: 0.73%, significantly lower than the national median of 1.02%.
Median Marshall County home value: $105,283
Median annual Marshall County tax bill: $670, $1,730 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall County calculated?

Property taxes in Marshall County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Madill or another part of Marshall County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Marshall County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$769

$713

Ownwell’s Marshall County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marshall County with just two data points. By entering your property's estimated assessed value, our calculator applies Marshall County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Marshall County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Marshall County, Oklahoma

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their budgetary needs to provide essential services and then divide this by the total value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. While votes and legislative measures are part of the process, this is essentially how it works annually. In Marshall County, Oklahoma, the effective property tax rate offers a glimpse into regional variations. Compared to the national median property tax rate of 1.02%, Marshall County's rate is notably lower. This can be advantageous for property owners seeking to reduce their annual tax burdens. Additionally, within the county, Kingston has the highest median tax rate, while Madill boasts the lowest. Such differences highlight the importance of understanding local tax dynamics, as they can significantly impact homeowners' financial planning. Comparing these rates to the national median provides valuable context for property owners considering relocation or investment in the area.

Property Tax Rates Across Marshall County, Oklahoma

Source: Ownwell

0.63%

0.72%

0.80%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Marshall County Tax Rate

0.73%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marshall County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Kingston	0.40%	0.57%	0.80%	0.90%	0.90%
Lebanon	0.36%	0.47%	0.63%	0.84%	0.98%
Madill	0.36%	0.48%	0.63%	0.82%	1.00%
Mannsville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Marshall County, Oklahoma

When examining property taxes in Marshall County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Marshall County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Marshall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Marshall County. For example, the median tax bill in Marshall County is $764, with tax bills ranging significantly across the county. Kingston has the highest median home price at $112,550.

Property Tax Assessment Values Across Marshall County, Oklahoma

Source: Ownwell

$90,646

$101,598

$112,550

Median Marshall County Market Value

$105,283

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marshall County, Oklahoma

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Kingston	$29,984	$60,000	$112,550	$200,023	$342,287
Lebanon	$28,796	$55,726	$90,646	$130,420	$166,530
Madill	$32,044	$59,293	$97,851	$162,992	$258,900
Mannsville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Marshall County, Oklahoma

In Marshall County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is typically a percentage of the property's market value. Homeowners in Marshall County can expect their property tax bills to vary significantly depending on the value of their property. For example, the tax bill at the 25th percentile is $351, while at the 75th percentile, it rises to $1,360. For those at the 90th percentile, the tax bill can reach up to $2,413. This variance illustrates how the assessed value directly impacts the amount homeowners need to pay. The highest median tax bill in the county is found in Kingston at $764, while Lebanon has the lowest at $545. While these figures are below the national median property tax bill of $2,400, they still represent a significant expense for homeowners. Understanding these factors is crucial for homeowners to budget effectively and plan for their financial future.

Property Tax Bills Across Marshall County, Oklahoma

Source: Ownwell

$545

$655

$764

Median Marshall County Tax Bill

$670

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Marshall County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Kingston	$191	$385	$764	$1,521	$2,655
Lebanon	$231	$350	$545	$899	$1,193
Madill	$182	$317	$577	$1,073	$2,008
Mannsville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell