Blackwell, Kay County, Oklahoma Property Taxes
Median Blackwell, OK effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Blackwell, OK home value: $44,569
Median annual Blackwell, OK tax bill: $332, $2,068 lower than the national median property tax bill of $2,400.
How are property taxes in Kay County calculated?
Property taxes in Blackwell, 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 Blackwell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Blackwell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Blackwell, Kay County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$321
$298
Property Tax Rates Across Blackwell, Kay 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 Blackwell’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.
In Blackwell, located in Kay County, the property tax rate stands at 0.72%. This is notably lower than the national median property tax rate of 1.02%. Oklahoma's property tax rates are generally more favorable than many other states, and Blackwell is no exception. The lower tax rate can be an attractive feature for homeowners looking to optimize their expenses. By understanding how these rates are determined and how they compare nationally, residents and potential homeowners can make informed decisions about property investments in Blackwell.
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 Blackwell Tax Rate
0.72%
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 Kay County Tax Rate
0.75%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Blackwell, Kay County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74631 | 0.38% | 0.56% | 0.72% | 0.92% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Blackwell, Kay County, Oklahoma
When examining property taxes in Blackwell, 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 trends. The Kay 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 Kay 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 Blackwell. For example, the median home price in Blackwell is $44,569, with tax bills ranging significantly across the county. ZIP code 74631 has the highest median home price at $44,569.
Property Tax Assessment Values Across Blackwell, Kay County, Oklahoma
Source: Ownwell
$44,569
$99,335
$154,100
Median Blackwell Market Value
$44,569
Median Kay County Market Value
$73,378
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Blackwell, Kay County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74631 | $22,361 | $28,103 | $44,569 | $83,264 | $139,921 |
Source: Ownwell
Property Tax Bills Across Blackwell, Kay County, Oklahoma
In Blackwell, located in Kay County, OK, property tax bills are calculated based on the assessed value of a property, which is derived from a percentage of the market value. With a median home price of $44,569, local property taxes are considerably lower than the national average. The median property tax bill stands at $332, significantly below the national median of $2,400. Tax bills in Blackwell can vary, with the 25th percentile at $184 and the 75th percentile at $633, indicating a range of property values and tax liabilities.
Several factors influence the tax bill, including property location, assessed value, and applicable exemptions. These taxes fund essential public services, impacting homeowners by affecting their annual expenses. For homeowners looking to minimize their tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and ensuring accurate valuations, Ownwell helps homeowners in Blackwell potentially save on their property tax bills, ensuring they are only paying their fair share.
Median Blackwell Tax Bill
$332
Median Kay County Tax Bill
$552
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Blackwell, Kay County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74631 | $110 | $184 | $332 | $633 | $1,121 |
Source: Ownwell