Adair, Craig County, Oklahoma Property Taxes
Median Adair, OK effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Adair, OK home value: $121,142
Median annual Adair, OK tax bill: $1,104, $1,296 lower than the national median property tax bill of $2,400.
How are property taxes in Craig calculated?
Property taxes in Adair, 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 Adair’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Adair, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Adair, Craig County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$1,115
$1,034
Property Tax Rates Across Adair, Craig County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. 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 Adair’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.
In Adair, Craig County, the effective property tax rate is 0.92%, which aligns with the highest and lowest median tax rates in the state, both recorded at 0.92% in the same region. When compared to the national median property tax rate of 1.02%, Adair's rate is notably lower, offering potential savings for property owners. Additionally, the national median property tax bill stands at $2400, suggesting that homeowners in Adair might enjoy lower tax bills relative to the national average. This advantageous tax environment can be an attractive factor for both current and prospective property owners in the area.
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 Adair Tax Rate
0.92%
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 Craig County Tax Rate
0.82%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Adair, Craig County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74330 | 0.37% | 0.59% | 0.92% | 0.98% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Adair, Craig County, Oklahoma
When examining property taxes in Adair, 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 Craig 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 Craig County, assessment notices are sent in the spring 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 Adair.
For example, the median home price in Adair is $121,142, with tax bills ranging significantly across the county. Zip code 74330 has the highest median home price at $121,142.
Property Tax Assessment Values Across Adair, Craig County, Oklahoma
Source: Ownwell
$70,085
$104,045
$138,004
Median Adair Market Value
$121,142
Median Craig County Market Value
$75,683
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Adair, Craig County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74330 | $42,067 | $69,887 | $121,142 | $177,788 | $307,329 |
Source: Ownwell
Property Tax Bills Across Adair, Craig County, Oklahoma
Median Adair Tax Bill
$1,104
Median Craig County Tax Bill
$568
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Adair, Craig County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74330 | $211 | $418 | $1,104 | $1,694 | $2,814 |
Source: Ownwell