Turpin, Beaver County, Oklahoma Property Taxes
Median Turpin, OK effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Turpin, OK home value: $100,801
Median annual Turpin, OK tax bill: $729, $1,671 lower than the national median property tax bill of $2,400.
How are property taxes in Beaver County calculated?
Property taxes in Turpin, OK 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 Turpin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Turpin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Turpin, Beaver County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$786
$730
Property Tax Rates Across Turpin, Beaver County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Turpin’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.
In Turpin, located in Beaver County, the property tax rate stands at 0.78%, which is below the national median of 1.02%. This makes it an attractive location for property owners looking to save on taxes. Compared to the national median property tax bill of $2400, homeowners in Turpin benefit from lower tax expenses. The uniformity in rates within Oklahoma, particularly in Turpin, ensures predictability for homeowners. While tax rates can fluctuate based on local budgets and property values, Turpin remains a competitive choice for those seeking affordability in property taxes.
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 Turpin Tax Rate
0.78%
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 Beaver County Tax Rate
0.78%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Turpin, Beaver County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73950 | 0.50% | 0.63% | 0.78% | 0.86% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Turpin, Beaver County, Oklahoma
When examining property taxes in Turpin, Oklahoma, 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 Beaver 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.
In Beaver 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 Turpin.
For example, the median home price in Turpin is $100,801, with tax bills ranging significantly across the county. ZIP code 73950 has the highest median home price at $100,801.
Property Tax Assessment Values Across Turpin, Beaver County, Oklahoma
Source: Ownwell
$59,849
$80,325
$100,801
Median Turpin Market Value
$100,801
Median Beaver County Market Value
$81,838
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Turpin, Beaver County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73950 | $29,601 | $49,321 | $100,801 | $160,000 | $233,861 |
Source: Ownwell
Property Tax Bills Across Turpin, Beaver County, Oklahoma
Median Turpin Tax Bill
$729
Median Beaver County Tax Bill
$600
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Turpin, Beaver County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73950 | $186 | $350 | $729 | $1,209 | $1,861 |
Source: Ownwell