Verden, Caddo County, Oklahoma Property Taxes
Median Verden, OK effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Verden, OK home value: $102,145
Median annual Verden, OK tax bill: $715, $1,685 lower than the national median property tax bill of $2,400.
How are property taxes in Caddo County calculated?
Property taxes in Verden, 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 Verden’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Verden, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Verden, Caddo County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$623
$578
Property Tax Rates Across Verden, Caddo County, Oklahoma
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each county annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While voting and legislation play roles in establishing these rates and budgets, this is essentially the process followed each year.
In Verden, located in Caddo County, Oklahoma, you can see how the effective property tax rate compares to other cities within the state and the median rates both in Oklahoma and across the U.S. Oklahoma's median property tax rate is significantly lower than the national median rate of 1.02%. This can result in lower property tax bills compared to the national median of $2,400. Understanding these differences is crucial for property owners considering an appeal or exemption, as it highlights potential savings and informs financial planning.
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 Verden Tax Rate
0.61%
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 Caddo County Tax Rate
0.63%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Verden, Caddo County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73092 | 0.41% | 0.49% | 0.61% | 0.78% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Verden, Caddo County, Oklahoma
When examining property taxes in Verden, 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 Caddo 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 Caddo 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 Verden. For example, the median home price in Verden is $102,145, with tax bills ranging significantly across the county. Zip code 73092 has the highest median home price at $102,145.
Property Tax Assessment Values Across Verden, Caddo County, Oklahoma
Source: Ownwell
$39,880
$74,560
$109,240
Median Verden Market Value
$102,145
Median Caddo County Market Value
$58,902
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Verden, Caddo County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73092 | $54,889 | $69,805 | $102,145 | $210,185 | $246,847 |
Source: Ownwell
Property Tax Bills Across Verden, Caddo County, Oklahoma
Median Verden Tax Bill
$715
Median Caddo County Tax Bill
$341
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Verden, Caddo County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73092 | $246 | $353 | $715 | $1,518 | $1,845 |
Source: Ownwell