Perkins, Lincoln County, Oklahoma Property Taxes
Median Perkins, OK effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Perkins, OK home value: $113,550
Median annual Perkins, OK tax bill: $831, $1,569 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Perkins, 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 Perkins’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Perkins, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Perkins, Lincoln County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$965
$896
Property Tax Rates Across Perkins, Lincoln County, Oklahoma
Local government entities determine tax rates, which can significantly differ within a state. Each year, counties estimate their necessary budget for services and then divide this amount by the total value of all taxable properties in their jurisdiction. This process results in the property tax rate. Although setting tax rates and budgets involves votes and regulations, this is essentially the annual procedure.
In Perkins, located in Lincoln County, Oklahoma, the effective property tax rate is 0.85%. This rate is lower than the national median property tax rate of 1.02%. Comparatively, Perkins' property tax rate aligns with the highest and lowest median tax rates in Oklahoma, both recorded at 0.85% in the same ZIP code. While the national median property tax bill is $2,400, Perkins residents benefit from a relatively lower tax burden. Understanding these figures helps property owners in Perkins make informed decisions about their property taxes, potentially leading to savings and financial efficiency.
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 Perkins Tax Rate
0.85%
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 Perkins, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74059 | 0.44% | 0.65% | 0.85% | 1.02% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Perkins, Lincoln County, Oklahoma
When examining property taxes in Perkins, 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'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 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 Perkins.
For example, the median home price in Perkins is $113,550, with tax bills ranging significantly across the county. Zip code 74059 has the highest median home price at $113,550.
Property Tax Assessment Values Across Perkins, Lincoln County, Oklahoma
Source: Ownwell
$17,889
$68,010
$118,130
Median Perkins Market Value
$113,550
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 Perkins, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74059 | $32,055 | $62,747 | $113,550 | $213,954 | $323,440 |
Source: Ownwell
Property Tax Bills Across Perkins, Lincoln County, Oklahoma
In Perkins, located in Lincoln County, OK, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $113,550, homeowners in Perkins face tax bills that vary significantly based on their property's assessed value. The 25th percentile tax bill is $361, while the 75th percentile reaches $1,856, and the 90th percentile goes up to $3,009. This variation can impact homeowners differently, affecting their financial planning and overall cost of living. Compared to the national median property tax bill of $2,400, Perkins residents generally experience lower tax burdens. However, for those at the upper percentiles, the bills can still be substantial.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying. This can lead to significant savings, offering peace of mind and financial relief. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property tax assessments with confidence.
Median Perkins Tax Bill
$831
Median Lincoln County Tax Bill
$648
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Perkins, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74059 | $186 | $361 | $831 | $1,856 | $3,009 |
Source: Ownwell