Newcastle, Mcclain County, Oklahoma Property Taxes

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

Median Newcastle, OK effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Newcastle, OK home value: $233,346
Median annual Newcastle, OK tax bill: $2,501, $101 higher than the national median property tax bill of $2,400.

How are property taxes in McClain County calculated?

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

Last Updated March 1, 2025

Newcastle, Mcclain County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$2,711

$2,516

Ownwell’s Newcastle Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newcastle with just two data points.

By entering your property's estimated assessed value, our calculator applies Newcastle’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 McClain County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Newcastle, Mcclain 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 Newcastle’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S. In Newcastle, located in McClain County, the property tax rate is notably higher than the national median. Oklahoma's median property tax rate stands at 1.20%, which is above the national median of 1.02%. This means that homeowners in Newcastle may find themselves paying more in property taxes compared to the national average. Understanding these differences can help property owners make informed decisions about their investments and manage their annual tax liabilities more effectively.

Property Tax Rates Across Newcastle, Mcclain County, Oklahoma

Source: Ownwell

0.53%

0.77%

1.01%

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 Newcastle Tax Rate

1.01%

Median Effective Mcclain County Tax Rate

0.90%

Median Effective Oklahoma Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Newcastle, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73065	0.50%	0.82%	1.01%	1.20%	1.26%

Source: Ownwell

Property Tax Assessment Values Across Newcastle, Mcclain County, Oklahoma

When examining property taxes in Newcastle, 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 McClain 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.

In McClain 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 Newcastle. For example, the median home price in Newcastle is $233,346, with tax bills ranging significantly across the county. Zip code 73065 has the highest median home price at $233,346.

Property Tax Assessment Values Across Newcastle, Mcclain County, Oklahoma

Source: Ownwell

$127,590

$381,960

$636,330

Median Newcastle Market Value

$268,454

Median Mcclain County Market Value

$244,276

Median Oklahoma Market Value

$160,842

Median United States Market Value

$235,294

Property Tax Assessment Values Across Newcastle, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73065	$163,298	$213,847	$268,454	$356,741	$496,385

Source: Ownwell

Property Tax Bills Across Newcastle, Mcclain County, Oklahoma

Property tax bills in Newcastle, located in McClain County, OK, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence the assessed value. The median home price in Newcastle is $233,346, with property tax bills ranging from $1,595 at the 25th percentile to $4,890 at the 90th percentile. While the highest and lowest median tax bills in the area are both $2,501, this is still above the national median property tax bill of $2,400, though the tax rate is lower than the national median of 1.02%. Homeowners can benefit significantly from appealing their property tax assessments, potentially reducing their tax burden. Ownwell offers expert services to help homeowners navigate the appeal process, ensuring they pay only their fair share and potentially saving hundreds or even thousands on their property tax bills.

Property Tax Bills Across Newcastle, Mcclain County, Oklahoma

Source: Ownwell

$570

$3,573

$6,576

Median Newcastle Tax Bill

$2,704

Median Mcclain County Tax Bill

$2,076

Median Oklahoma Tax Bill

$1,339

Median United States Tax Bill

$2,400

Property Tax Bills Across Newcastle, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73065	$912	$1,854	$2,704	$3,640	$5,184

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	March 6

Links
McClain Tax Assessor
Website	property.spatialest.com