Tonkawa, Noble County, Oklahoma Property Taxes

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

Median Tonkawa, OK effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Tonkawa, OK home value: $325,050
Median annual Tonkawa, OK tax bill: $2,936, $536 higher than the national median property tax bill of $2,400.

How are property taxes in Noble County calculated?

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

Last Updated March 1, 2025

Tonkawa, Noble County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$2,893

$2,685

Ownwell’s Tonkawa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tonkawa with just two data points. By entering your property's estimated assessed value, our calculator applies Tonkawa’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 Noble. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tonkawa, Noble County, Oklahoma

Local government entities determine tax rates, leading to significant variations within a state. This variation arises because each county annually calculates its budget requirements to maintain services and divides this by the total value of all taxable property within its area. This process establishes the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the fundamental method employed each year.

You can compare Tonkawa’s effective property tax rate with other cities in Oklahoma and examine how it stacks up against the median property tax rates in Oklahoma and across the United States. Oklahoma's median property tax rate is slightly below the national median, reflecting the state's generally lower cost of living and property values. Noble County, where Tonkawa is located, follows this trend, offering residents a relatively lower tax burden compared to many other regions in the country. Understanding these differences can be crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Tonkawa, Noble County, Oklahoma

Source: Ownwell

0.63%

0.87%

1.12%

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 Tonkawa Tax Rate

0.89%

Median Effective Noble County Tax Rate

0.91%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tonkawa, Noble County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74653	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Tonkawa, Noble County, Oklahoma

When examining property taxes in Tonkawa, 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 Noble 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 Noble 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 Tonkawa. For example, the median home price in Tonkawa is $325,050, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Tonkawa, Noble County, Oklahoma

Source: Ownwell

$24,112

$91,479

$158,845

Median Tonkawa Market Value

$325,050

Median Noble County Market Value

$78,656

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tonkawa, Noble County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74653	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Tonkawa, Noble County, Oklahoma

In Tonkawa, Noble County, OK, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to calculate the tax bill. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. The median home price in Tonkawa is $325,050. Tax bills in this area range significantly, with the 25th percentile at $2,002 and the 90th percentile reaching $4,429. These figures highlight the variability in tax burdens faced by homeowners, often exceeding the national median property tax bill of $2,400. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemption services. By analyzing property assessments and ensuring they are fair and accurate, Ownwell helps homeowners reduce their tax liabilities, potentially saving hundreds or even thousands of dollars annually. This service can alleviate financial pressures and ensure homeowners are not overpaying on their property taxes.

Property Tax Bills Across Tonkawa, Noble County, Oklahoma

Source: Ownwell

$134

$671

$1,208

Median Tonkawa Tax Bill

$2,936

Median Noble County Tax Bill

$666

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Tonkawa, Noble County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74653	N/A	N/A	N/A	N/A	N/A

Source: Ownwell