Gage, Ellis County, Oklahoma Property Taxes
Median Gage, OK effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Gage, OK home value: $53,439
Median annual Gage, OK tax bill: $506, $1,894 lower than the national median property tax bill of $2,400.
How are property taxes in Ellis County calculated?
Property taxes in Gage, 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 Gage’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gage, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gage, Ellis County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$550
$511
Property Tax Rates Across Gage, Ellis 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 Gage Tax Rate
1.03%
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 Ellis County Tax Rate
0.89%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gage, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73843 | 0.64% | 0.82% | 1.03% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Gage, Ellis County, Oklahoma
When examining property taxes in Gage, 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 Ellis 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.
In Ellis 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 Gage. For example, the median home price in Gage is $53,439, with tax bills ranging significantly across the county. 73843 has the highest median home price at $53,439.
Property Tax Assessment Values Across Gage, Ellis County, Oklahoma
Source: Ownwell
$53,439
$93,547
$133,654
Median Gage Market Value
$53,439
Median Ellis County Market Value
$64,405
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gage, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73843 | $18,031 | $30,945 | $53,439 | $94,056 | $161,867 |
Source: Ownwell
Property Tax Bills Across Gage, Ellis County, Oklahoma
In Gage, Ellis County, OK, property tax bills are calculated based on the assessed value of a property. The county assessor determines this value, which is typically a percentage of the property's market value. Factors such as property location, size, and improvements can influence the assessed value. In this area, the median home price is $53,439, with property tax bills ranging from $276 at the 25th percentile to $1,572 at the 90th percentile. Compared to the national median property tax bill of $2,400, Gage offers a relatively lower tax burden for homeowners.
However, even with lower tax bills, homeowners can still benefit from ensuring their property is assessed accurately. Ownwell provides expert property tax appeal services, helping homeowners identify discrepancies in their assessments that could lead to savings. By analyzing market trends and comparable properties, Ownwell assists in appealing over-assessments, potentially reducing tax bills. This service can be particularly valuable in areas like Gage, where every dollar saved contributes significantly to a homeowner's financial well-being.
Median Gage Tax Bill
$506
Median Ellis County Tax Bill
$539
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Gage, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73843 | $161 | $276 | $506 | $921 | $1,572 |
Source: Ownwell