Felt, Cimarron County, Oklahoma Property Taxes

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

Median FELT, OK effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median FELT, OK home value: $116,213
Median annual FELT, OK tax bill: $640, $1,760 lower than the national median property tax bill of $2,400.

How are property taxes in Cimarron County calculated?

Property taxes in FELT, 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 FELT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FELT, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Felt, Cimarron County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$732

$679

Ownwell’s FELT Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in FELT with just two data points.

By entering your property's estimated assessed value, our calculator applies FELT’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 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 Cimarron County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Felt, Cimarron County, Oklahoma

Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs for public services and divides this by the total assessed value of all taxable properties in its area. This calculation establishes the property tax rate. Although votes and regulations influence these rates and budgets, this is the fundamental yearly process.

In FELT, located in Cimarron County, Oklahoma, the effective property tax rate is 0.63%. This rate is notably lower than the national median property tax rate of 1.02%. Oklahoma's median property tax rate also mirrors this low rate, showcasing a favorable tax environment compared to the national landscape. While some cities in the state may have varying rates, FELT's rate remains consistent with the state's overall trend. This can be particularly appealing for property owners seeking lower tax obligations. Comparing FELT’s rate to the national median, homeowners in this region enjoy a more favorable tax scenario, potentially leading to significant savings over time.

Property Tax Rates Across Felt, Cimarron County, Oklahoma

Source: Ownwell

0.46%

0.58%

0.69%

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 Felt Tax Rate

0.63%

Median Effective Cimarron County Tax Rate

0.50%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Felt, Cimarron County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73937	0.37%	0.44%	0.63%	0.77%	0.83%

Source: Ownwell

Property Tax Assessment Values Across Felt, Cimarron County, Oklahoma

When examining property taxes in FELT, 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 Cimarron County Assessor 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 Cimarron County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 FELT.

For example, the median home price in FELT is $116,213, with tax bills ranging significantly across the county. ZIP code 73937 has the highest median home price at $116,213.

Property Tax Assessment Values Across Felt, Cimarron County, Oklahoma

Source: Ownwell

$37,071

$76,642

$116,213

Median Felt Market Value

$116,213

Median Cimarron County Market Value

$68,218

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Felt, Cimarron County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73937	$40,376	$72,825	$116,213	$170,581	$227,602

Source: Ownwell

Property Tax Bills Across Felt, Cimarron County, Oklahoma

In the city of Felt, located in Cimarron County, OK, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Felt is $116,213, and property tax rates are applied to this assessed value to determine the tax bill. Homeowners in Felt experience a range of tax bills, with the 25th percentile at $332 and the 75th percentile reaching $1,012. Meanwhile, the 90th percentile tax bill stands at $1,220. Compared to the national median property tax bill of $2,400, Felt's tax bills are relatively lower, reflecting the region's more affordable property market. However, even in areas with lower tax bills, homeowners can benefit from ensuring their assessments are fair and accurate. This is where Ownwell comes in. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities, ensuring they pay only their fair share and potentially saving them hundreds of dollars annually.

Property Tax Bills Across Felt, Cimarron County, Oklahoma

Source: Ownwell

$248

$444

$640

Median Felt Tax Bill

$640

Median Cimarron County Tax Bill

$314

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Felt, Cimarron County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73937	$241	$332	$640	$1,012	$1,220

Source: Ownwell