Mustang, Canadian County, Oklahoma Property Taxes
Property Taxes in Mustang, Oklahoma
Median Mustang, Oklahoma effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, and lower than the Oklahoma state median of 0.90%.
Median Mustang, Oklahoma home value: $246,334
Median annual Mustang, Oklahoma tax bill: $2,063, $337 lower than the national median property tax bill of $2,400.
How are property taxes in Canadian calculated?
Property taxes in Mustang, Oklahoma 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 Mustang's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mustang, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mustang, Canadian County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$2,143
$1,989
How Does the Mustang Property Tax Calculator Work?
Use this Mustang property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mustang's median effective tax rate of 0.87% — based on actual property records in Canadian County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mustang's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Mustang: rates range from 2063.00 in 73064 to 2063.00 in 73064, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mustang.
About Mustang Property Taxes
About Property Taxes in Mustang, Canadian, Oklahoma
Mustang’s median effective property tax rate of 0.87% is lower than the Oklahoma state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Canadian County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Mustang. Homeowners in ZIP code 73064 carry a median effective rate of 0.87%, while the same ZIP code also reflects the city’s lowest rate of 0.87%. Understanding how assessed value and local levies work can make a meaningful difference to your annual tax bill.
Mustang homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before March 6, 2026.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mustang, Canadian County, Oklahoma
As noted earlier, 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 Mustang's effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.
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 Mustang Tax Rate
0.87%
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 Canadian County Tax Rate
0.95%
Median Effective Oklahoma Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mustang, Canadian County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73064 | 0.60% | 0.75% | 0.87% | 0.98% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Mustang, Canadian County, Oklahoma
When examining property taxes in Mustang, 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 Canadian County appraisal district 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 Canadian County, assessment notices are sent in March each year. They'll typically reach your mailbox by the middle of March.
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 Mustang.
For example, the median home price in Mustang is $246,334, with tax bills ranging significantly across the county. 73064 has the highest median home price at $246,334.
Property Tax Assessment Values Across Mustang, Canadian County, Oklahoma
Source: Ownwell
$45,672
$172,772
$299,871
Median Mustang Market Value
$246,334
Median Canadian County Market Value
$241,307
Median Oklahoma Market Value
$160,842
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mustang, Canadian County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73064 | $145,910 | $191,374 | $246,334 | $321,867 | $435,627 |
Source: Ownwell
Property Tax Bills Across Mustang, Canadian County, Oklahoma
Property tax bills in Mustang are based on the assessed value of a home, which is then multiplied by the local tax rate. When market values rise, assessed values can increase too, which may lead to a higher bill unless exemptions or appeals reduce the taxable amount. For homeowners, this means the tax bill is tied not just to the home itself, but also to how local authorities value it.
In Mustang, the median home price is $246,334, and the median property tax bill is $2,063. That is below the national median property tax bill of $2,400, though bills can vary widely from one home to another. The 25th percentile tax bill is $1,403, while the 75th percentile is $2,976 and the 90th percentile reaches $4,326. These differences show how location, assessed value, and local tax rates can affect what homeowners pay each year.
Median Mustang Tax Bill
$2,063
Median Canadian County Tax Bill
$2,222
Median Oklahoma Tax Bill
$1,339
Median United States Tax Bill
$2,400
Property Tax Bills Across Mustang, Canadian County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73064 | $977 | $1,403 | $2,063 | $2,976 | $4,326 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 6 |
Links | |
|---|---|
| Canadian Tax Assessor | |
| Website | property.spatialest.com |