Cashion, Logan County, Oklahoma Property Taxes
Median Cashion, OK effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Cashion, OK home value: $243,763
Median annual Cashion, OK tax bill: $2,110, $290 lower than the national median property tax bill of $2,400.
How are property taxes in Logan County calculated?
Property taxes in Cashion, 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 Cashion’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cashion, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cashion, Logan County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$2,145
$1,991
Property Tax Rates Across Cashion, Logan County, Oklahoma
Local government entities determine tax rates, and these can vary significantly within a state. This variation arises because each county annually estimates its budgetary needs to provide essential services. They then divide this budget by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Cashion, located in Logan County, Oklahoma, the effective property tax rate offers a point of comparison with other cities in Oklahoma, as well as the median property tax rates in the state and the U.S. The median property tax rate in Oklahoma is 0.88%, which is lower than the national median of 1.02%. This makes Oklahoma an appealing option for property owners seeking lower tax burdens. Understanding these rates can help property owners make informed decisions about where to invest or settle, ensuring they are prepared for the financial responsibilities associated with property ownership.
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 Cashion Tax Rate
0.88%
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 Logan County Tax Rate
0.98%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cashion, Logan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73016 | 0.65% | 0.81% | 0.88% | 0.95% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Cashion, Logan County, Oklahoma
When examining property taxes in Cashion, 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 Logan 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.
Assessment notices: In Logan 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 Cashion.
For example, the median home price in Cashion is $243,763, with tax bills ranging significantly across the county. The zip code 73016 has the highest median home price at $243,763.
Property Tax Assessment Values Across Cashion, Logan County, Oklahoma
Source: Ownwell
$45,774
$190,891
$336,008
Median Cashion Market Value
$243,763
Median Logan County Market Value
$165,842
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cashion, Logan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73016 | $67,592 | $119,636 | $243,763 | $350,948 | $431,440 |
Source: Ownwell
Property Tax Bills Across Cashion, Logan County, Oklahoma
Median Cashion Tax Bill
$2,110
Median Logan County Tax Bill
$1,451
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Cashion, Logan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73016 | $496 | $976 | $2,110 | $3,257 | $3,957 |
Source: Ownwell