Tillman County Property Taxes
The median property tax rate in Tillman County is 0.98%, which is just below the national median of 0.99% and slightly above the Oklahoma state median of 0.97%. With the median home value in Tillman County, the typical annual property tax bill reaches $271, considerably lower than the national median of $2,690. Property taxes in Tillman County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Tillman 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 Frederick or another part of Tillman County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tillman County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$286
Ownwell’s Tillman County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Tillman County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Tillman 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 Tillman County, Oklahoma
Property taxes in Tillman County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tillman County is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Tillman County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tillman 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 Tillman County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Tipton has one of the higher property tax rates in Oklahoma at 1.04%, while the city of Davidson boasts one of the lowest at 0.75%. Analyzing how Tillman County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tillman County Tax Rate
0.98%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tillman County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattanooga | 0.84% | 0.93% | 1.01% | 1.08% | 1.08% |
| Davidson | 0.39% | 0.56% | 0.75% | 0.90% | 0.90% |
| Frederick | 0.53% | 0.77% | 1.00% | 1.11% | 1.11% |
| Grandfield | 0.43% | 0.74% | 0.99% | 1.07% | 1.08% |
| Hollister | 0.60% | 0.72% | 0.94% | 1.07% | 1.11% |
| Indiahoma | 0.85% | 0.86% | 0.89% | 0.92% | 0.94% |
| Loveland | 0.73% | 0.88% | 0.99% | 1.05% | 1.08% |
| Manitou | 0.41% | 0.69% | 1.00% | 1.14% | 1.14% |
| Snyder | 0.72% | 0.77% | 0.85% | 0.91% | 0.91% |
| Tipton | 0.52% | 0.81% | 1.04% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Tillman County, Oklahoma
In Tillman 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 Tillman 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 Tillman 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. Tillman County has a range of property tax bills, with the highest median tax bill in Chattanooga at $751 and the lowest in Manitou at $176. Being aware of these valuation processes in Tillman County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Tillman County Assessed Value
$29,168
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tillman County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattanooga | $40,933 | $53,815 | $75,915 | $121,771 | $167,822 |
| Davidson | $10,413 | $16,458 | $26,380 | $42,838 | $90,729 |
| Frederick | $11,582 | $17,362 | $27,843 | $51,679 | $95,037 |
| Grandfield | $9,837 | $13,970 | $24,583 | $55,928 | $83,745 |
| Hollister | $10,662 | $15,221 | $37,325 | $57,178 | $77,528 |
| Indiahoma | $52,483 | $63,204 | $81,073 | $98,942 | $109,663 |
| Loveland | $21,988 | $33,444 | $46,529 | $106,383 | $253,843 |
| Manitou | $9,775 | $15,096 | $22,954 | $33,098 | $39,439 |
| Snyder | $36,456 | $42,998 | $67,430 | $114,684 | $150,105 |
| Tipton | $11,170 | $17,480 | $28,374 | $53,040 | $93,009 |
Source: Ownwell
Property Tax Bills Across Tillman County, Oklahoma
In Tillman County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value and is used to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners, the median home price in Tillman County is $29,168. Property tax bills can vary significantly, with the 25th percentile tax bill at $138 and the 75th percentile tax bill at $560. At the 90th percentile, the tax bill can reach up to $1,012, indicating a wide range of potential tax liabilities. Compared to the national median property tax rate of 0.99%, Tillman County's tax bills tend to be lower, reflecting the region's lower property values. This can be beneficial for homeowners, as it may result in more manageable annual tax expenses, allowing them to allocate their financial resources more effectively.
Average Tillman County Tax Bill
$271
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Tillman County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattanooga | $391 | $519 | $751 | $1,278 | $1,734 |
| Davidson | $51 | $104 | $180 | $373 | $734 |
| Frederick | $79 | $143 | $260 | $523 | $983 |
| Grandfield | $56 | $114 | $214 | $542 | $878 |
| Hollister | $76 | $142 | $340 | $529 | $784 |
| Indiahoma | $451 | $561 | $744 | $927 | $1,037 |
| Loveland | $138 | $272 | $411 | $1,082 | $2,923 |
| Manitou | $55 | $106 | $176 | $331 | $436 |
| Snyder | $260 | $328 | $612 | $959 | $1,172 |
| Tipton | $79 | $143 | $274 | $528 | $1,003 |
Source: Ownwell
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