Blanchard, Mcclain County, Oklahoma Property Taxes

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

Median Blanchard, OK effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Blanchard, OK home value: $227,622
Median annual Blanchard, OK tax bill: $1,870, $530 lower than the national median property tax bill of $2,400.

How are property taxes in McClain County calculated?

Property taxes in Blanchard, OK 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 Blanchard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Blanchard, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Blanchard, Mcclain County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$2,049

$1,901

Ownwell’s Blanchard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Blanchard with just two data points. By entering your property's estimated assessed value, our calculator applies Blanchard’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 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 McClain County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Blanchard, Mcclain County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. This variation happens because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Blanchard’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S. Blanchard, located in McClain County, has a property tax rate that aligns with the state’s median rate of 0.90%, which is below the national median property tax rate of 1.02%. This means residents in Blanchard benefit from relatively lower property taxes compared to many other areas in the country. With the national median property tax bill at $2400, homeowners in Blanchard can enjoy more affordable annual property tax bills, making it an attractive option for those seeking to minimize their property tax expenses.

Property Tax Rates Across Blanchard, Mcclain County, Oklahoma

Source: Ownwell

0.75%

0.98%

1.20%

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 Blanchard Tax Rate

0.90%

Median Effective Mcclain County Tax Rate

0.93%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Blanchard, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73010	0.39%	0.63%	0.90%	1.08%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Blanchard, Mcclain County, Oklahoma

When examining property taxes in Blanchard, Oklahoma, 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 McClain County Assessor's Office 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 McClain 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 Blanchard. For example, the median home price in Blanchard is $227,622, with tax bills ranging significantly across the county. Zip code 73010 has the highest median home price at $227,622.

Property Tax Assessment Values Across Blanchard, Mcclain County, Oklahoma

Source: Ownwell

$84,705

$352,495

$620,284

Median Blanchard Market Value

$227,622

Median Mcclain County Market Value

$212,546

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Blanchard, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73010	$84,326	$143,472	$227,622	$312,602	$414,682

Source: Ownwell

Property Tax Bills Across Blanchard, Mcclain County, Oklahoma

In Blanchard, McClain County, OK, property tax bills are determined by the county's assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the final tax bill. Homeowners in Blanchard typically face a median tax bill of $1,870, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $911 and the 90th percentile reaching $4,187, reflecting differences in property values and local tax rates.

For homeowners, these taxes can represent a significant annual expense, impacting overall affordability and financial planning. Ownwell offers valuable assistance by reviewing your property's assessed value and identifying potential savings through appeals or exemptions. By leveraging expertise and local knowledge, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving hundreds or even thousands of dollars annually. This service not only reduces the financial burden but also provides peace of mind knowing that your tax bill is fair and accurate.

Property Tax Bills Across Blanchard, Mcclain County, Oklahoma

Source: Ownwell

$503

$3,389

$6,274

Median Blanchard Tax Bill

$1,870

Median Mcclain County Tax Bill

$1,871

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Blanchard, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73010	$463	$911	$1,870	$3,000	$4,187

Source: Ownwell