Comanche, Stephens County, Oklahoma Property Taxes
The median property tax rate in Comanche, OK is 0.78%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $77,886 in Comanche, the typical annual property tax bill is around $577, significantly below the national median of $2,690. Property taxes in Comanche are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Comanche's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Comanche or another part of the city, being well-informed about the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Comanche, Stephens County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$608
$564
Ownwell’s Comanche Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Comanche with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comanche to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Comanche, Stephens County, Oklahoma
Property taxes in Comanche, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Comanche is 0.62%, lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Comanche set these rates annually, and they can vary significantly across different neighborhoods. Each year, Comanche estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Comanche's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73529 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these areas compare with Comanche provides valuable insights into the varying tax landscape across Stephens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comanche Tax Rate
0.78%
Average Stephens County Tax Rate
0.81%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comanche, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | 0.44% | 0.61% | 0.78% | 0.93% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Comanche, Stephens County, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Comanche, Oklahoma. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value 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. In Comanche, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Comanche helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Comanche is $77,886, with tax bills ranging from $297 at the 25th percentile to $1,617 at the 90th percentile. Notably, the highest and lowest median tax bills are both $577, found in the 73529 zip code.
Property Tax Assessment Values Across Comanche, Stephens County, Oklahoma
Source: Ownwell
$61,393
$83,240
$105,087
Average Comanche Assessed Value
$77,886
Average Stephens County Assessed Value
$86,689
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comanche, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | $27,883 | $47,802 | $77,886 | $124,162 | $192,701 |
Source: Ownwell
Property Tax Bills Across Comanche, Stephens County, Oklahoma
In Comanche, Stephens County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Comanche is $77,886. Property taxes are derived by applying the local tax rate to the assessed value of the property. The national median property tax rate is 0.99%, but specific rates can vary. Several factors influence the tax bill, including the property's assessed value and any applicable exemptions. The tax bill for the 25th percentile is approximately $297, while homeowners at the 75th percentile pay around $983. Those at the 90th percentile see tax bills as high as $1,617. For homeowners, these property taxes fund essential local services such as schools, emergency services, and infrastructure. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly. The highest and lowest median tax bills in the area both stand at $577, indicating a relatively consistent tax environment within Comanche.
Average Comanche Tax Bill
$577
Average Stephens County Tax Bill
$664
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Comanche, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73529 | $150 | $297 | $577 | $983 | $1,617 |
Source: Ownwell