Chandler, Lincoln County, Oklahoma Property Taxes
Median Chandler, OK effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Chandler, OK home value: $110,633
Median annual Chandler, OK tax bill: $796, $1,604 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Chandler, 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 Chandler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chandler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chandler, Lincoln County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$907
$842
Property Tax Rates Across Chandler, Lincoln County, Oklahoma
Local government entities are responsible for setting tax rates, which can differ significantly across Oklahoma. This variation occurs because each county calculates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this is the core method for determining rates annually.
In Chandler, located in Lincoln County, the effective property tax rate can be compared to other cities in Oklahoma and the median rates in both the state and the nation. The effective property tax rate in Chandler aligns closely with the highest and lowest rates within the state, reflecting a uniformity in tax rates across different regions. This rate is also lower than the national median, which may provide financial relief to property owners in Chandler compared to those in other parts of the country. Understanding these rates can help property owners make informed decisions and potentially save on taxes through appeals and exemptions.
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 Chandler Tax Rate
0.82%
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 Lincoln County Tax Rate
0.78%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chandler, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74834 | 0.41% | 0.60% | 0.82% | 0.94% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Chandler, Lincoln County, Oklahoma
When examining property taxes in Chandler, 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 Lincoln 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.
Assessment notices:
In Lincoln 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 Chandler.
For example, the median home price in Chandler is $110,633, with tax bills ranging significantly across the county. Zip code 74834 has the highest median home price at $110,633.
Property Tax Assessment Values Across Chandler, Lincoln County, Oklahoma
Source: Ownwell
$17,889
$68,010
$118,130
Median Chandler Market Value
$110,633
Median Lincoln County Market Value
$92,516
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chandler, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74834 | $31,032 | $61,566 | $110,633 | $186,803 | $267,663 |
Source: Ownwell
Property Tax Bills Across Chandler, Lincoln County, Oklahoma
Median Chandler Tax Bill
$796
Median Lincoln County Tax Bill
$648
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Chandler, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74834 | $196 | $395 | $796 | $1,491 | $2,262 |
Source: Ownwell