Altus Afb, Jackson County, Oklahoma Property Taxes

Name: Property Tax Bills Across Altus Afb, Jackson County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median ALTUS AFB, OK effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median ALTUS AFB, OK home value: $44,659
Median annual ALTUS AFB, OK tax bill: $408, $1,992 lower than the national median property tax bill of $2,400.

How are property taxes in Jackson County calculated?

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

Last Updated March 1, 2025

Altus Afb, Jackson County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$415

$385

Ownwell’s ALTUS AFB Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ALTUS AFB with just two data points. By entering your property's estimated assessed value, our calculator applies ALTUS AFB’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 Jackson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Altus Afb, Jackson 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. 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.

ALTUS AFB in Jackson County, OK, presents a unique case where the effective property tax rate stands at 0.93%. This rate is slightly below the national median property tax rate of 1.02%, offering residents a more favorable tax environment compared to many parts of the country. Interestingly, the property tax rate in ALTUS AFB is consistent across the city, with no fluctuation within the zip code 73523.

In comparison to the national landscape, ALTUS AFB's property tax rate provides a financial advantage for property owners, contributing to potential savings on annual tax bills. This makes the region an attractive option for those looking to optimize their property tax expenses while enjoying the benefits of residing in Oklahoma.

Property Tax Rates Across Altus Afb, Jackson County, Oklahoma

Source: Ownwell

0.81%

0.88%

0.94%

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 Altus Afb Tax Rate

0.93%

Median Effective Jackson County Tax Rate

0.91%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Altus Afb, Jackson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73523	0.58%	0.74%	0.93%	1.03%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Altus Afb, Jackson County, Oklahoma

When examining property taxes in ALTUS AFB, OK, 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 Jackson 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 Jackson 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 ALTUS AFB. For example, the median home price in ALTUS AFB is $44,659, with tax bills ranging significantly across the county. 73523 has the highest median home price at $44,659.

Property Tax Assessment Values Across Altus Afb, Jackson County, Oklahoma

Source: Ownwell

$27,210

$53,821

$80,431

Median Altus Afb Market Value

$44,659

Median Jackson County Market Value

$62,313

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Altus Afb, Jackson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73523	$23,633	$30,932	$44,659	$128,804	$164,304

Source: Ownwell

Property Tax Bills Across Altus Afb, Jackson County, Oklahoma

In ALTUS AFB, located in Jackson County, Oklahoma, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price here is $44,659, significantly lower than the national median, resulting in a median tax bill of $408, compared to the national median of $2,400. This discrepancy highlights the lower tax burden for homeowners in this region. However, tax bills can vary, with amounts ranging from $250 at the 25th percentile to $1,492 at the 90th percentile, influenced by factors such as property improvements and changes in market conditions.

Ownwell assists homeowners in ALTUS AFB by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners reduce their tax bills. This service is particularly beneficial for those who feel their property has been over-assessed, ensuring they pay only their fair share. With Ownwell's assistance, homeowners can achieve significant savings and gain peace of mind regarding their property tax obligations.

Property Tax Bills Across Altus Afb, Jackson County, Oklahoma

Source: Ownwell

$211

$411

$610

Median Altus Afb Tax Bill

$408

Median Jackson County Tax Bill

$496

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Altus Afb, Jackson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73523	$230	$250	$408	$969	$1,492

Source: Ownwell