StateRates

Payne County, Oklahoma property tax

The median homeowner in Payne County, Oklahoma pays $1,884 a year in property tax on a home worth $217,700, an effective rate of 0.87%. The national effective rate is 0.98%.

Effective rate 0.87% #8 of 70 in Oklahoma
Median tax bill $1,884 per year
Median home value $217,700 owner-occupied
Median income $48,937 household

What the rate means here

Payne County taxes property at 0.87%, within a rounding error of the national 0.98%. The median bill of $1,884 therefore tracks the median home value of $217,700 fairly directly, which is not true everywhere.

It ranks #8 of 70 Oklahoma counties by effective rate, against a statewide 0.82%, and #1,314 nationally. The state runs from 1.03% in Cleveland County down to 0.40% in McCurtain County.

The median home costs 4.45 times the median household income of $48,937, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. The county has 82,290 residents, which is small enough that the medians describe a reasonably coherent market.

The rate is derived rather than quoted. How and why.

What that costs at different home values

$250,000 home $2,175 per year at 0.87%
$400,000 home $3,480 per year at 0.87%
$600,000 home $5,220 per year at 0.87%

Arithmetic at the county effective rate, before any exemption or assessment cap.

Housing and income

Payne County, Oklahoma against Oklahoma and the country
Payne County Oklahoma United States
Effective property tax 0.87% 0.82% 0.98%
Median tax bill $1,884 $1,520 $2,969
Median home value $217,700 $185,900 $303,400
Median gross rent $922 $980 $1,348
Median household income $48,937 $63,603 $78,538
Home price to income 4.45× 2.92× 3.86×
Rent as share of income 22.61% 18.49% 20.6%
Owner-occupied 50.91% 65.8% 65.02%

Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 82,290.

Nearby counties of similar size

Other Oklahoma counties
County Rate Median bill Home value
Wagoner County 0.81% $1,753 $216,000
Pottawatomie County 0.65% $1,013 $155,700
Creek County 0.74% $1,261 $170,900
Rogers County 0.78% $1,739 $222,200
Muskogee County 0.70% $972 $138,800

Payne County property tax: common questions

What is the property tax rate in Payne County, Oklahoma?

The effective rate is 0.87% of home value, from a median tax bill of $1,884 against a median home value of $217,700. That is 0.11 points below the national 0.98%.

How much is property tax on a $400,000 home in Payne County?

Roughly $3,480 a year at the county effective rate of 0.87%.

Is Payne County expensive compared with the rest of Oklahoma?

It ranks #8 of 70 Oklahoma counties by effective property tax rate, and #1314 of 2,826 nationally. That is 0.05 points above the Oklahoma average of 0.82%.

What does housing cost in Payne County?

The median home is worth $217,700 and median gross rent is $922 a month. Median household income is $48,937, which puts the home at 4.45 times annual income and rent at 22.61% of it.