Canute, Washita County, Oklahoma Property Taxes

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

Median Canute, OK effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%. Median Canute, OK home value: $77,884. Median annual Canute, OK tax bill: $449, $1,951 lower than the national median property tax bill of $2,400.

How are property taxes in Washita County calculated?

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

Last Updated March 1, 2025

Canute, Washita County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$522

$484

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

Property Tax Rates Across Canute, Washita County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. This variance occurs because each county annually 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 Canute’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S. In Canute, located in Washita County, the effective property tax rate is 0.67%. This is significantly lower than the national median property tax rate of 1.02%. The median property tax rate in Oklahoma also stands at 0.67%, making Canute's rate consistent with the state median. This offers a favorable tax environment compared to the national landscape, where property tax bills can average around $2400.

Property Tax Rates Across Canute, Washita County, Oklahoma

Source: Ownwell

0.67%

0.83%

0.98%

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 Canute Tax Rate

0.67%

Median Effective Washita County Tax Rate

0.77%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canute, Washita County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73626	0.36%	0.49%	0.67%	0.82%	0.88%

Source: Ownwell

Property Tax Assessment Values Across Canute, Washita County, Oklahoma

When examining property taxes in Canute, 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 Washita 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 Washita County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Canute. For example, the median home price in Canute is $77,884, with tax bills ranging significantly across the county. ZIP code 73626 has the highest median home price at $77,884.

Property Tax Assessment Values Across Canute, Washita County, Oklahoma

Source: Ownwell

$36,170

$120,048

$203,926

Median Canute Market Value

$77,884

Median Washita County Market Value

$56,348

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canute, Washita County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73626	$19,186	$38,151	$77,884	$133,184	$238,724

Source: Ownwell

Property Tax Bills Across Canute, Washita County, Oklahoma

In Canute, Oklahoma, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a fraction of the property's market value, and this figure is then multiplied by the tax rate set by Washita County to calculate the tax bill. The median home price in Canute is $77,884, resulting in a median tax bill of $449, which is significantly lower than the national median property tax bill of $2,400. This low tax bill provides homeowners with a financial advantage, yet there is still potential for savings. Factors such as property improvements, changes in market conditions, and local government budgets can influence tax bills. Ownwell assists homeowners by identifying opportunities for tax appeals and exemptions, ensuring they are not overpaying. By leveraging expertise in property tax regulations, Ownwell can help homeowners in Canute reduce their tax obligations, providing peace of mind and financial relief.

Property Tax Bills Across Canute, Washita County, Oklahoma

Source: Ownwell

$239

$654

$1,069

Median Canute Tax Bill

$449

Median Washita County Tax Bill

$399

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Canute, Washita County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73626	$103	$229	$449	$850	$1,702

Source: Ownwell