Mcclain County, Oklahoma Property Taxes
The median property tax rate in McClain County is 0.93%, 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 McClain County at $212,546, the typical annual property tax bill amounts to $1,871, which is significantly less than the national median of $2,690. Property taxes in McClain County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding McClain 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 Purcell or another part of McClain County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcclain County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,977
$1,834
Ownwell’s McClain County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in McClain County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McClain 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 Mcclain County, Oklahoma
Property taxes in McClain County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McClain County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within McClain County set these rates annually, and they can vary significantly between different areas within the county. Each year, McClain 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. For comparison, the city of Newcastle has one of the higher property tax rates in Oklahoma at 1.20%, while the city of Byars boasts one of the lowest at 0.75%. Analyzing how McClain County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mcclain County Tax Rate
0.93%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcclain County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alex | 0.25% | 0.45% | 0.81% | 0.96% | 1.14% |
| Blanchard | 0.39% | 0.63% | 0.90% | 1.08% | 1.19% |
| Byars | 0.30% | 0.48% | 0.75% | 0.92% | 0.93% |
| Dibble | N/A | N/A | N/A | N/A | N/A |
| Goldsby | 0.89% | 0.92% | 1.03% | 1.12% | 1.17% |
| Lindsay | 0.38% | 0.55% | 0.83% | 0.99% | 1.08% |
| Maysville | 0.43% | 0.55% | 0.77% | 0.91% | 0.93% |
| Newcastle | 0.60% | 0.92% | 1.20% | 1.28% | 1.28% |
| Norman | 0.54% | 0.82% | 0.95% | 1.07% | 1.17% |
| Paoli | 0.43% | 0.58% | 0.78% | 0.88% | 0.93% |
| Purcell | 0.42% | 0.62% | 0.87% | 1.07% | 1.16% |
| Stratford | 0.34% | 0.65% | 0.90% | 1.04% | 1.11% |
| Washington | 0.35% | 0.56% | 0.89% | 1.08% | 1.16% |
| Wayne | 0.38% | 0.57% | 0.79% | 0.92% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Mcclain County, Oklahoma
In McClain 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 McClain 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 McClain 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. Being aware of these valuation processes in McClain County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Homeowners in Goldsby face the highest median tax bill at $6,274, while those in Byars enjoy the lowest at $503.
Property Tax Assessment Values Across Mcclain County, Oklahoma
Source: Ownwell
$84,705
$352,495
$620,284
Average Mcclain County Assessed Value
$212,546
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcclain County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alex | $79,550 | $110,578 | $148,419 | $206,758 | $290,742 |
| Blanchard | $84,326 | $143,472 | $227,622 | $312,602 | $414,682 |
| Byars | $27,830 | $44,144 | $84,705 | $147,253 | $226,671 |
| Dibble | N/A | N/A | N/A | N/A | N/A |
| Goldsby | $154,140 | $551,149 | $620,284 | $715,192 | $757,586 |
| Lindsay | $59,533 | $92,482 | $147,999 | $225,743 | $333,703 |
| Maysville | $54,354 | $79,777 | $118,145 | $213,000 | $354,229 |
| Newcastle | $98,923 | $165,688 | $233,346 | $315,000 | $429,987 |
| Norman | $199,057 | $291,160 | $378,807 | $478,932 | $622,379 |
| Paoli | $67,450 | $110,262 | $127,812 | $195,403 | $383,420 |
| Purcell | $54,095 | $97,397 | $165,192 | $259,550 | $370,495 |
| Stratford | $50,234 | $79,878 | $145,909 | $205,598 | $254,502 |
| Washington | $82,550 | $160,823 | $256,968 | $393,361 | $570,836 |
| Wayne | $32,834 | $61,138 | $103,409 | $175,215 | $281,090 |
Source: Ownwell
Property Tax Bills Across Mcclain County, Oklahoma
In McClain County, OK, property tax bills are determined by assessing the market value of a property and applying the local tax rate to this assessed value. The median home price in McClain County is $212,546. Property tax rates in this county can lead to varying tax bills, influenced by the property's value and the specific tax rates of the area. For instance, homeowners at the 25th percentile pay around $826, while those at the 75th percentile see bills closer to $3,095. At the 90th percentile, tax bills can reach up to $4,467. Local factors, such as school district funding needs and municipal services, play a crucial role in determining the exact tax rate. This variability can have significant financial implications for homeowners. For example, the city of Goldsby has the highest median tax bill at $6,274, whereas Byars has the lowest at $503. Understanding these factors is essential for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Mcclain County Tax Bill
$1,871
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcclain County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alex | $350 | $487 | $1,265 | $1,706 | $2,369 |
| Blanchard | $463 | $911 | $1,870 | $3,000 | $4,187 |
| Byars | $119 | $239 | $503 | $1,062 | $1,818 |
| Dibble | N/A | N/A | N/A | N/A | N/A |
| Goldsby | $1,420 | $5,149 | $6,274 | $7,148 | $8,425 |
| Lindsay | $281 | $542 | $1,140 | $1,847 | $2,899 |
| Maysville | $319 | $467 | $838 | $1,573 | $3,179 |
| Newcastle | $760 | $1,595 | $2,501 | $3,459 | $4,890 |
| Norman | $1,172 | $2,515 | $3,549 | $4,585 | $6,043 |
| Paoli | $448 | $545 | $862 | $1,621 | $2,422 |
| Purcell | $347 | $610 | $1,236 | $2,317 | $3,599 |
| Stratford | $219 | $425 | $1,224 | $1,790 | $2,304 |
| Washington | $457 | $864 | $2,083 | $3,596 | $5,756 |
| Wayne | $214 | $384 | $704 | $1,290 | $2,264 |
Source: Ownwell