Payne County, Oklahoma Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$1,687
$1,565
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.
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%
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 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% |
Maramec | N/A | N/A | N/A | N/A | N/A |
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% |
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.
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 |
Maramec | N/A | N/A | N/A | N/A | N/A |
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 |
Source: Ownwell
Property Tax Bills Across Payne County, Oklahoma
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 |
Maramec | N/A | N/A | N/A | N/A | N/A |
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 |
Source: Ownwell