Fairland, Delaware County, Oklahoma Property Taxes
Median Fairland, OK effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Fairland, OK home value: $79,963
Median annual Fairland, OK tax bill: $595, $1,805 lower than the national median property tax bill of $2,400.
How are property taxes in Delaware County calculated?
Property taxes in Fairland, 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 Fairland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fairland, Delaware County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$544
$505
Property Tax Rates Across Fairland, Delaware County, Oklahoma
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 Fairland Tax Rate
0.68%
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 Delaware County Tax Rate
0.78%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairland, Delaware County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74343 | 0.51% | 0.61% | 0.68% | 0.77% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Fairland, Delaware County, Oklahoma
When examining property taxes in Fairland, 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 Delaware 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 Delaware County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Fairland.
For example, the median home price in Fairland is $79,963, with tax bills ranging significantly across the county. Zip code 74343 has the highest median home price at $79,963.
Property Tax Assessment Values Across Fairland, Delaware County, Oklahoma
Source: Ownwell
$66,992
$139,600
$212,208
Median Fairland Market Value
$79,963
Median Delaware County Market Value
$141,764
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairland, Delaware County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74343 | $37,601 | $55,914 | $79,963 | $113,883 | $188,546 |
Source: Ownwell
Property Tax Bills Across Fairland, Delaware County, Oklahoma
In Fairland, Oklahoma, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is influenced by factors such as location, size, and market conditions. In Delaware County, the median property tax bill is $595, which is significantly lower than the national median of $2,400. Homeowners in Fairland might find their tax bills ranging from $367 at the 25th percentile to $1,365 at the 90th percentile. These variations highlight the impact of property characteristics and local tax rates on tax liabilities.
Ownwell offers homeowners a chance to reduce their property tax bills by providing expert property tax appeal services. By analyzing the assessed value and ensuring it accurately reflects the property's market value, Ownwell can help identify potential savings. This service can be particularly beneficial in areas like Fairland, where even a small adjustment in assessed value can lead to substantial savings on tax bills.
Median Fairland Tax Bill
$595
Median Delaware County Tax Bill
$1,031
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairland, Delaware County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74343 | $228 | $367 | $595 | $656 | $1,365 |
Source: Ownwell