Faxon, Comanche County, Oklahoma Property Taxes

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

Median FAXON, OK effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median FAXON, OK home value: $86,275
Median annual FAXON, OK tax bill: $757, $1,643 lower than the national median property tax bill of $2,400.

How are property taxes in Comanche calculated?

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

Last Updated March 1, 2025

Faxon, Comanche County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$854

$792

Ownwell’s Faxon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Faxon with just two data points. By entering your property's estimated assessed value, our calculator applies Faxon’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 Comanche County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Faxon, Comanche County, Oklahoma

Local government entities set property tax rates, which can vary widely within a state. 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.

In Faxon, located in Comanche County, Oklahoma, the effective property tax rate is a reflection of this process. Oklahoma’s median property tax rate is slightly below the national median of 1.02%. This comparison shows that while property tax rates can vary, they are often influenced by the specific needs and budgets of local governments. Understanding these nuances can help property owners make informed decisions about their tax obligations.

By comparing Faxon's effective property tax rate to other cities in Oklahoma, as well as to the median property tax rates in the state and across the U.S., property owners can gain valuable insights. This information is crucial for those looking to appeal their property taxes or seek exemptions, ensuring they are not overpaying based on their property's assessed value.

Property Tax Rates Across Faxon, Comanche County, Oklahoma

Source: Ownwell

0.79%

0.97%

1.14%

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 Faxon Tax Rate

0.95%

Median Effective Comanche County Tax Rate

1.09%

Median Effective Oklahoma Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Faxon, Comanche County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73540	0.63%	0.83%	0.95%	0.99%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Faxon, Comanche County, Oklahoma

When examining property taxes in Faxon, 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 Comanche 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: Comanche County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Faxon. For example, the median home price in Faxon is $86,275, with tax bills ranging significantly across the county. 73540 has the highest median home price at $86,275.

Property Tax Assessment Values Across Faxon, Comanche County, Oklahoma

Source: Ownwell

$68,690

$151,861

$235,032

Median Faxon Market Value

$89,895

Median Comanche County Market Value

$112,992

Median Oklahoma Market Value

$160,842

Median United States Market Value

$235,294

Property Tax Assessment Values Across Faxon, Comanche County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73540	$18,638	$44,012	$89,895	$149,671	$232,328

Source: Ownwell

Property Tax Bills Across Faxon, Comanche County, Oklahoma

In Faxon, located in Comanche County, OK, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors such as location, size, and condition. Homeowners in Faxon face a median property tax bill of $757, which is significantly lower than the national median of $2,400. This lower tax bill can be attributed to the region's relatively modest median home price of $86,275. However, tax bills can vary widely, ranging from $373 at the 25th percentile to $1,452 at the 75th percentile, and reaching up to $2,400 at the 90th percentile. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring that they are not overpaying. By leveraging local expertise and data analysis, Ownwell helps homeowners navigate the complexities of property taxes, potentially reducing their financial burden and maximizing their savings.

Property Tax Bills Across Faxon, Comanche County, Oklahoma

Source: Ownwell

$513

$1,415

$2,316

Median Faxon Tax Bill

$748

Median Comanche County Tax Bill

$1,051

Median Oklahoma Tax Bill

$1,339

Median United States Tax Bill

$2,400

Property Tax Bills Across Faxon, Comanche County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73540	$138	$378	$748	$1,474	$2,423

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Comanche Tax Assessor
Website	www.actdatascout.com