Texas County Property Taxes
The median property tax rate in Texas County is 0.69%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Texas County, the typical annual property tax bill reaches $698, which is well below the national median of $2,690. Property taxes in Texas 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 Texas 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 Guymon or another part of Texas County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Texas County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$779
Ownwell’s Texas County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Texas County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Texas 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 Texas County, Oklahoma
Property taxes in Ellis County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ellis County is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Ellis County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ellis 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. The following data compares Ellis County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Goodwell has one of the higher property tax rates in Oklahoma at 1.06%, while the city of Adams boasts one of the lowest at 0.53%. Analyzing how Ellis County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Texas County Tax Rate
0.69%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Texas County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | 0.16% | 0.31% | 0.42% | 0.63% | 0.74% |
| Baker | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Balko | 0.37% | 0.39% | 0.54% | 0.80% | 0.99% |
| Goodwell | 0.38% | 0.60% | 0.84% | 1.28% | 1.43% |
| Guymon | 0.38% | 0.54% | 0.74% | 0.87% | 0.93% |
| Hardesty | 0.24% | 0.33% | 0.45% | 0.69% | 0.78% |
| Hooker | 0.24% | 0.37% | 0.54% | 0.69% | 0.75% |
| Optima | 0.21% | 0.21% | 0.21% | 0.21% | 0.21% |
| Texhoma | 0.34% | 0.51% | 0.70% | 1.02% | 1.11% |
| Tyrone | 0.32% | 0.50% | 0.70% | 0.91% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Texas County, Oklahoma
In Texas 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 Texas 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 Texas 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 Texas County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Guymon has the highest median tax bill at $804, while Optima has the lowest at $173.
Average Texas County Assessed Value
$112,882
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Texas County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $24,349 | $43,004 | $75,380 | $98,162 | $154,079 |
| Baker | $55,710 | $55,710 | $55,710 | $55,710 | $55,710 |
| Balko | $51,832 | $78,660 | $108,804 | $134,976 | $154,654 |
| Goodwell | $44,401 | $67,858 | $105,140 | $149,009 | $215,354 |
| Guymon | $53,176 | $78,139 | $121,048 | $174,734 | $236,218 |
| Hardesty | $29,054 | $48,240 | $69,960 | $102,684 | $181,426 |
| Hooker | $46,265 | $71,461 | $102,609 | $144,280 | $200,321 |
| Optima | $81,673 | $81,673 | $81,673 | $81,673 | $81,673 |
| Texhoma | $39,742 | $55,864 | $84,403 | $124,939 | $186,564 |
| Tyrone | $37,031 | $58,822 | $93,509 | $139,904 | $196,481 |
Source: Ownwell
Property Tax Bills Across Texas County, Oklahoma
In Texas County, OK, property tax bills are calculated based on the assessed value of your home. The median home price in the county is $112,882. Local tax authorities determine the assessed value, which is a percentage of the market value. This assessed value is then multiplied by the local tax rate to calculate the tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. Homeowners in Texas County can expect varying tax bills depending on the value of their property. For instance, the 25th percentile tax bill is $402, while the 75th percentile tax bill reaches $1198. The 90th percentile tax bill can go up to $1771, indicating a wide range of possible tax obligations. In Guymon, the highest median tax bill is $804, whereas Optima has the lowest median tax bill at $173. These figures show that property taxes can significantly impact homeowners, with higher-value properties incurring larger tax bills.
Average Texas County Tax Bill
$698
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Texas County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $62 | $180 | $274 | $484 | $675 |
| Baker | $285 | $285 | $285 | $285 | $285 |
| Balko | $411 | $461 | $550 | $620 | $637 |
| Goodwell | $271 | $450 | $791 | $1,397 | $2,361 |
| Guymon | $273 | $471 | $804 | $1,303 | $1,866 |
| Hardesty | $125 | $174 | $316 | $524 | $730 |
| Hooker | $174 | $298 | $506 | $816 | $1,195 |
| Optima | $173 | $173 | $173 | $173 | $173 |
| Texhoma | $183 | $316 | $533 | $980 | $1,615 |
| Tyrone | $199 | $354 | $629 | $1,022 | $1,438 |
Source: Ownwell