Carlton Lndg, Oklahoma Property Taxes
The median property tax rate in Carlton Landing, OK is 0.86%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $78,188 in Carlton Landing, the typical annual property tax bill amounts to $669, significantly below the national median of $2,690. Property taxes in Carlton Landing are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Carlton Landing's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carlton Landing or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carlton Lndg, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$672
Ownwell’s Carlton Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlton Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlton Landing to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Carlton Lndg, Oklahoma
Property taxes in Carlton Landing, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlton Landing is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Carlton Landing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton Landing estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Carlton Landing's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74432 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these areas compare with Carlton Landing provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Lndg Tax Rate
0.86%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton Lndg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Carlton Lndg, Oklahoma
In Carlton Landing, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the McIntosh County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Carlton Landing, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Carlton Landing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $669, found in the 74432 zip code.
Average Carlton Lndg Assessed Value
$78,188
Average Mcintosh County Assessed Value
$81,769
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton Lndg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | $78,188 | $78,188 | $78,188 | $78,188 | $78,188 |
Source: Ownwell
Property Tax Bills Across Carlton Lndg, Oklahoma
In Carlton Landing, property tax bills are calculated based on the assessed value of a home, which is determined by the McIntosh County tax assessor's office. The assessed value is a percentage of the home's market value, reflecting current market conditions. Homeowners in Carlton Landing face a median property tax bill of $669, consistent across various percentiles. This uniformity suggests a stable tax environment, but it is important to note that the median home price here is $78,188, significantly lower than the national average. The property tax rate in Carlton Landing is derived from the county's budgetary needs and local tax levies, which fund essential services like schools, infrastructure, and emergency services. For homeowners, this means that while the tax rate remains relatively stable, any significant changes in home values or local government budgets could impact their annual tax bills. Comparatively, the national median property tax rate is 0.99%, making Carlton Landing's tax environment potentially more affordable for residents.
Average Carlton Lndg Tax Bill
$669
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton Lndg, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | $669 | $669 | $669 | $669 | $669 |
Source: Ownwell