Carrier, Oklahoma Property Taxes
The median property tax rate in Carrier, OK is 1.22%, notably higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $114,591 in Carrier, the typical annual property tax bill reaches $1,162, surpassing the national median of $2,690. Property taxes in Carrier are based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Carrier's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Carrier or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carrier, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,398
Ownwell’s CARRIER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CARRIER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CARRIER 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 Carrier, Oklahoma
Property taxes in Carrier, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrier is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carrier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrier 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 Carrier's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73727 zip code has both the highest and lowest median property tax rates at 1.22%. Understanding how these areas compare with Carrier provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrier Tax Rate
1.22%
Average Garfield County Tax Rate
1.14%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrier, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73727 | 0.64% | 0.95% | 1.22% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Carrier, Oklahoma
In Carrier, 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 Garfield 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 Carrier, 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 Carrier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 73727 has both the highest and lowest median tax bill at $1,162, reflecting a unique uniformity in the area.
Average Carrier Assessed Value
$114,591
Average Garfield County Assessed Value
$94,470
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrier, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73727 | $40,759 | $77,392 | $114,591 | $173,498 | $279,423 |
Source: Ownwell
Property Tax Bills Across Carrier, Oklahoma
In Carrier, located in Garfield County, OK, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Carrier can expect their property tax bills to vary significantly depending on the assessed value of their homes. For example, the tax bill at the 25th percentile is $654, while at the 75th percentile, it rises to $1828, and at the 90th percentile, it can reach up to $3417. These variations illustrate the impact of property assessments on tax liabilities. Additionally, the highest median tax bill in Garfield County stands at $1162, which is relatively lower compared to the national median property tax rate of 0.99%. This can be advantageous for homeowners as lower property taxes can make homeownership more affordable. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Carrier Tax Bill
$1,162
Average Garfield County Tax Bill
$950
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrier, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73727 | $289 | $654 | $1,162 | $1,828 | $3,417 |
Source: Ownwell