Chickasha, Grady County, Oklahoma Property Taxes
Median Chickasha, OK effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but higher than the Oklahoma state median of 0.97%.
Median Chickasha, OK home value: $79,447
Median annual Chickasha, OK tax bill: $761, $1,639 lower than the national median property tax bill of $2,400.
How are property taxes in Grady County calculated?
Property taxes in Chickasha, 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 Chickasha’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chickasha, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chickasha, Grady County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$802
$745
Property Tax Rates Across Chickasha, Grady County, Oklahoma
Local government entities set 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, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Chickasha in Grady County, Oklahoma, provides an interesting case for property tax rates. The effective property tax rate in Chickasha is 1.01%, which is slightly below the national median of 1.02%. This rate is consistent with the state median, showcasing a uniformity in tax rates within Oklahoma. It’s noteworthy that the highest and lowest median tax rates in the region are also 1.01%, indicating a stable tax environment in Chickasha.
When compared to the national median property tax bill of $2,400, Chickasha offers a competitive property tax landscape, making it an attractive option for property owners looking to manage their tax liabilities effectively. This stability and competitiveness make Chickasha a compelling choice for homeowners and investors alike.
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 Chickasha Tax Rate
1.01%
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 Grady County Tax Rate
1.03%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chickasha, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73018 | 0.52% | 0.77% | 1.01% | 1.14% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Chickasha, Grady County, Oklahoma
When examining property taxes in Chickasha, 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 Grady 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 Grady 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 Chickasha.
For example, the median home price in Chickasha is $79,447, with tax bills ranging significantly across the county. Zip code 73018 has the highest median home price at $79,394.
Property Tax Assessment Values Across Chickasha, Grady County, Oklahoma
Source: Ownwell
$61,941
$135,272
$208,602
Median Chickasha Market Value
$79,447
Median Grady County Market Value
$126,704
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chickasha, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73018 | $36,594 | $51,167 | $79,394 | $134,655 | $198,310 |
Source: Ownwell
Property Tax Bills Across Chickasha, Grady County, Oklahoma
Median Chickasha Tax Bill
$761
Median Grady County Tax Bill
$1,186
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Chickasha, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73018 | $238 | $433 | $760 | $1,370 | $2,083 |
Source: Ownwell