Carlton Landing, Oklahoma Property Taxes
The median property tax rate in Carlton Landing, OK is 1.02%, slightly above the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $467,002, the typical annual property tax bill in Carlton Landing reaches $4,749, surpassing the national median of $2,690. Property taxes here are determined based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Navigating Carlton Landing's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Carlton Landing or elsewhere in Pittsburg County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Carlton Landing, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$4,763
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 Landing, 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 0.87%, which is lower than both the Oklahoma state median of 0.90% and 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 counties in Oklahoma and the national median. For comparison, the 74432 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Carlton Landing provides valuable insights into the varying tax landscape across Pittsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Landing Tax Rate
1.02%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton Landing, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | 1.02% | 1.02% | 1.02% | 1.02% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Carlton Landing, 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 Pittsburg 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 zip code 74432 has the highest median tax bill at $4,749, which is notably higher than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Carlton Landing, Oklahoma
Source: Ownwell
$37,635
$323,818
$610,000
Average Carlton Landing Assessed Value
$467,002
Average Pittsburg County Assessed Value
$87,046
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton Landing, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | $164,603 | $278,002 | $467,002 | $656,001 | $769,400 |
Source: Ownwell
Property Tax Bills Across Carlton Landing, Oklahoma
In Carlton Landing, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $467,002, homeowners can expect to pay varying amounts depending on specific factors such as property size, location, and improvements. Factors influencing the tax bill include the property's assessed value, which can fluctuate with market conditions, and any exemptions or deductions homeowners may qualify for. In Pittsburg County, homeowners in the 25th percentile pay around $2,832, while those in the 75th percentile face bills closer to $6,666. At the higher end, the 90th percentile sees tax bills around $7,817. Comparatively, the national median property tax rate is 0.99%, making it essential for Carlton Landing residents to understand how local rates and property values impact their tax obligations. This detailed calculation ensures that property taxes are equitable and reflective of each home's value.
Average Carlton Landing Tax Bill
$4,749
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton Landing, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74432 | $1,681 | $2,832 | $4,749 | $6,666 | $7,817 |
Source: Ownwell