Population

Housing

Home Owners

75.6%

Renters

22.2%

Persons in Household

2.6

Average Median

Housing Value

$80,300

Regional Airports

Dallas/Fort Worth

130 mi.

Lawton

40 mi.

Oklahoma City

100 mi.

Wichita Falls

10 mi.

Ad Valorem Tax:
(Real and Personal Property)

Local property taxes are based upon 100 percent of market value on all tangible real and personal property as defined by federal and state statues. Below are the ad valorem tax rates on property located within the City of Burkburnett and its extraterritorial jurisdiction.

Tax Rate
(Per $100 assessed value) - Jan. 2008

Wichita County

$0.447200

Burkburnett, City

$0.518171

Burkburnett ISD

$1.280890

Special Districts:
(Hospital, College, etc.)

TOTAL:

$2.246261

Municipal Sales Tax:

2%

State Sales Tax:

6.25%

TOTAL

8.25%

As of an election held in 1997, Burkburnett citizens agreed to tax themselves an additional 1 percent bringing the total to the maximum of 8.25%. This additional revenue is used by the city to reduce residential property taxes, and provide incentives for economic development directed at creation of new jobs and expanding the tax base. (See Incentives)