Texas County, Oklahoma Property Taxes

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

Median Texas County effective property tax rate: 0.69%, significantly lower than the national median of 1.02%.
Median Texas County home value: $112,882
Median annual Texas County tax bill: $698, $1,702 lower than the national median property tax bill of $2,400.

How are property taxes in Texas County calculated?

Property taxes in Texas 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 a city in Texas County or another part of Texas County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Texas County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$779

$723

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

Property Tax Rates Across Texas County, Oklahoma

Local government entities in Oklahoma set tax rates, which can vary widely within the state. Annually, each county 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 Texas County's effective property tax rate to other counties in Oklahoma or the U.S. median property tax rate.

Property Tax Rates Across Texas County, Oklahoma

Source: Ownwell

0.42%

0.63%

0.84%

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 Texas County Tax Rate

0.69%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

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	N/A	N/A	N/A	N/A	N/A
Balko	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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

When examining property taxes in Texas 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 Texas 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 Texas 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 Texas County.

For example, the median tax bill in Texas County is $804, with tax bills ranging significantly across the county. Guymon has the highest median home price at $121,048.

Property Tax Assessment Values Across Texas County, Oklahoma

Source: Ownwell

$69,960

$95,504

$121,048

Median Texas County Market Value

$112,882

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

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	N/A	N/A	N/A	N/A	N/A
Balko	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
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, Oklahoma, 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 the county is $112,882, and the property tax bill is determined by applying the local tax rate to this assessed value. Homeowners in Texas County experience a range of tax bills, with the 25th percentile paying approximately $402, while those at the 75th percentile face bills around $1,198. At the 90th percentile, the tax bill can reach $1,771.

Compared to the national median property tax bill of $2,400, Texas County's figures are relatively lower, providing some financial relief to homeowners. The city of Guymon has the highest median tax bill in the county at $804, while Adams boasts the lowest at $274. These variations can impact homeowners differently, influencing decisions on property investment and affordability. Understanding these factors is crucial for homeowners to effectively manage their property tax obligations and plan their finances accordingly.

Property Tax Bills Across Texas County, Oklahoma

Source: Ownwell

$274

$539

$804

Median Texas County Tax Bill

$698

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

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	N/A	N/A	N/A	N/A	N/A
Balko	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
Texhoma	$183	$316	$533	$980	$1,615
Tyrone	$199	$354	$629	$1,022	$1,438

Source: Ownwell