Payne County, Oklahoma Property Taxes

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

Median Payne County effective property tax rate: 0.91%, significantly lower than the national median of 1.02%.
Median Payne County home value: $185,340
Median annual Payne County tax bill: $1,635, $765 lower than the national median property tax bill of $2,400.

How are property taxes in Payne County calculated?

Property taxes in Payne 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 Stillwater or another part of Payne County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Payne County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$1,687

$1,565

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

Property Tax Rates Across Payne County, Oklahoma

Local government entities are responsible for setting property tax rates, which can differ significantly across the state. This variation occurs because each county annually calculates the necessary budget to fund public services and divides it by the total assessed value of all taxable property within its jurisdiction. This process determines the property tax rate.

While there are votes and regulations that influence tax rates and budgets, this is the basic annual procedure. In Payne County, the effective property tax rate can be compared to other counties in Oklahoma or the national median property tax rate. The median property tax rate in Payne County is 0.91%, which is below the national median of 1.02%. In comparison, Stillwater has the highest median tax rate in the county at 0.96%, while Mulhall has the lowest at 0.69%. These figures highlight the diversity in property tax rates within the region, emphasizing the importance of understanding local tax obligations.

Property Tax Rates Across Payne County, Oklahoma

Source: Ownwell

0.69%

0.83%

0.96%

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 Payne County Tax Rate

0.91%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Payne County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Agra	0.59%	0.71%	0.87%	0.99%	1.07%
Coyle	0.47%	0.64%	0.77%	0.86%	0.93%
Cushing	0.42%	0.57%	0.72%	0.84%	0.95%
Drumright	0.41%	0.58%	0.70%	0.79%	0.84%
Glencoe	0.48%	0.68%	0.81%	0.94%	1.04%
Mulhall	0.38%	0.63%	0.69%	0.78%	0.90%
Orlando	0.56%	0.67%	0.75%	0.84%	0.90%
Perkins	0.56%	0.77%	0.90%	1.02%	1.10%
Ripley	0.42%	0.60%	0.86%	1.00%	1.11%
Stillwater	0.73%	0.86%	0.96%	1.06%	1.13%
Yale	0.49%	0.68%	0.85%	0.95%	1.03%
Maramec	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Payne County, Oklahoma

When examining property taxes in Payne 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 Payne 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 Payne County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Payne County. For example, the median tax bill in Payne County is $1,200, with tax bills ranging significantly across the county. Orlando has the highest median home price at $227,060.

Property Tax Assessment Values Across Payne County, Oklahoma

Source: Ownwell

$79,710

$153,385

$227,060

Median Payne County Market Value

$185,340

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Payne County, Oklahoma

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Agra	$83,379	$119,480	$192,650	$292,115	$364,213
Coyle	$35,460	$73,690	$156,740	$249,660	$354,156
Cushing	$30,340	$54,320	$101,770	$173,260	$269,540
Drumright	$61,982	$83,758	$144,115	$230,875	$316,707
Glencoe	$29,572	$64,222	$122,585	$215,110	$356,520
Mulhall	$63,922	$100,355	$148,990	$233,400	$299,054
Orlando	$88,426	$143,930	$227,060	$486,052	$543,293
Perkins	$67,575	$118,618	$162,630	$232,025	$326,125
Ripley	$17,182	$42,195	$88,580	$180,440	$251,780
Stillwater	$91,864	$147,715	$218,655	$301,948	$426,093
Yale	$16,530	$35,855	$79,710	$141,580	$220,540
Maramec	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Payne County, Oklahoma

In Payne County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value, and the local tax rate. The median home price in the county is $185,340. Homeowners can expect tax bills to vary, with the 25th percentile paying around $841, while those in the 90th percentile might see bills as high as $3,623. The city of Stillwater has the highest median tax bill at $2,056, whereas Yale has the lowest at $614. These figures are influenced by the local tax rate and the assessed value of the property, which can differ significantly from the national median property tax rate of 1.02% and the median bill of $2,400. Understanding these factors is crucial for homeowners, as property taxes significantly impact annual housing costs. Keeping an eye on these rates and potential exemptions can help in managing financial expectations and obligations.

Property Tax Bills Across Payne County, Oklahoma

Source: Ownwell

$614

$1,367

$2,119

Median Payne County Tax Bill

$1,635

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Payne County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Agra	$528	$925	$1,542	$2,726	$3,480
Coyle	$242	$463	$1,142	$1,864	$2,770
Cushing	$176	$322	$659	$1,268	$2,070
Drumright	$409	$560	$1,009	$1,525	$2,199
Glencoe	$190	$441	$910	$1,710	$3,005
Mulhall	$192	$546	$1,066	$1,733	$2,244
Orlando	$617	$927	$1,598	$3,346	$4,635
Perkins	$468	$873	$1,396	$2,178	$2,918
Ripley	$119	$270	$640	$1,570	$2,333
Stillwater	$780	$1,341	$2,056	$2,889	$4,057
Yale	$112	$236	$614	$1,123	$1,953
Maramec	N/A	N/A	N/A	N/A	N/A

Source: Ownwell