Medicine Park, Comanche County, Oklahoma Property Taxes

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

Median Medicine Park, OK effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Medicine Park, OK home value: $198,700
Median annual Medicine Park, OK tax bill: $2,047, $353 lower than the national median property tax bill of $2,400.

How are property taxes in Comanche calculated?

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

Last Updated March 1, 2025

Medicine Park, Comanche County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$2,166

$2,010

Ownwell’s Medicine Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Medicine Park with just two data points. By entering your property's estimated assessed value, our calculator applies Medicine Park’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 Medicine Park, Comanche County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. This is 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 Medicine Park’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S. Medicine Park, located in Comanche County, showcases a property tax rate of 1.09%, slightly above the national median of 1.02%. This indicates a higher financial commitment per homeowner compared to the national average. However, it's essential to consider that property tax rates reflect the quality and extent of services provided by local governments. In Medicine Park, residents enjoy the benefits of these services, which are supported by the taxes collected. By understanding these dynamics, homeowners can make informed decisions about property investments and financial planning in Medicine Park.

Property Tax Rates Across Medicine Park, Comanche County, Oklahoma

Source: Ownwell

0.78%

1.00%

1.22%

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 Medicine Park Tax Rate

1.09%

Median Effective Comanche County Tax Rate

1.15%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Medicine Park, Comanche County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73557	0.60%	1.02%	1.09%	1.11%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Medicine Park, Comanche County, Oklahoma

When examining property taxes in Medicine Park, 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 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 Comanche 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 Medicine Park. For example, the median home price in Medicine Park is $198,700, with tax bills ranging significantly across the county. Zip code 73557 has the highest median home price at $198,700.

Property Tax Assessment Values Across Medicine Park, Comanche County, Oklahoma

Source: Ownwell

$57,386

$134,042

$210,698

Median Medicine Park Market Value

$198,700

Median Comanche County Market Value

$99,838

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Medicine Park, Comanche County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73557	$52,206	$114,452	$198,700	$268,609	$390,800

Source: Ownwell

Property Tax Bills Across Medicine Park, Comanche County, Oklahoma

In Medicine Park, located in Comanche County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $198,700, homeowners in Medicine Park face various tax bills. The 25th percentile tax bill is $984, while the 75th percentile reaches $2,728, and the 90th percentile can go up to $3,856. Compared to the national median property tax bill of $2,400, Medicine Park's tax bills reflect a range that can significantly impact homeowners' finances. Ownwell can help homeowners in Medicine Park by offering property tax appeal services, potentially lowering their tax burdens. By reviewing assessment values and ensuring they are accurate, Ownwell helps homeowners save money and ensure they are not overpaying on their property taxes. This service is crucial for those looking to optimize their property-related expenses.

Property Tax Bills Across Medicine Park, Comanche County, Oklahoma

Source: Ownwell

$465

$1,320

$2,174

Median Medicine Park Tax Bill

$2,047

Median Comanche County Tax Bill

$997

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Medicine Park, Comanche County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73557	$477	$984	$2,047	$2,728	$3,856

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Comanche Tax Assessor
Website	www.actdatascout.com