Garvin County Property Taxes
The median property tax rate in Garvin County is 0.69%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Garvin County, the typical annual property tax bill is $559, well below the national median of $2,690. Property taxes in Garvin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Garvin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Pauls Valley or another part of Garvin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garvin County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$583
Ownwell’s Garvin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Garvin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Garvin County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Garvin County, Oklahoma
Property taxes in Garvin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Garvin County is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Garvin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Garvin County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Sulphur has one of the higher property tax rates in Oklahoma at 0.97%, while the city of Paoli boasts one of the lowest at 0.50%. Analyzing how Garvin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Garvin County Tax Rate
0.69%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garvin County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Byars | 0.39% | 0.41% | 0.64% | 0.85% | 1.02% |
| Davis | 0.52% | 0.68% | 0.88% | 0.95% | 0.99% |
| Elmore City | 0.37% | 0.52% | 0.73% | 0.90% | 0.93% |
| Foster | 0.33% | 0.52% | 0.65% | 0.82% | 0.89% |
| Hennepin | 0.54% | 0.59% | 0.69% | 0.90% | 0.93% |
| Lindsay | 0.39% | 0.52% | 0.70% | 0.85% | 0.91% |
| Maysville | 0.28% | 0.41% | 0.55% | 0.73% | 0.87% |
| Paoli | 0.27% | 0.37% | 0.50% | 0.64% | 0.79% |
| Pauls Valley | 0.35% | 0.51% | 0.70% | 0.89% | 1.03% |
| Ratliff City | 0.46% | 0.55% | 0.71% | 0.82% | 0.89% |
| Roff | 0.32% | 0.50% | 0.77% | 1.04% | 1.05% |
| Stratford | 0.38% | 0.53% | 0.69% | 0.88% | 1.05% |
| Sulphur | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
| Tussy | 0.16% | 0.19% | 0.25% | 0.31% | 0.35% |
| Wynnewood | 0.38% | 0.57% | 0.78% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Garvin County, Oklahoma
In Garvin County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Garvin County Appraisal District. The assessed value, however, 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. Assessment notices in Garvin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Sulphur has the highest median tax bill at $1,197, while Hennepin has the lowest at $361. Being aware of these valuation processes in Garvin County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Garvin County Assessed Value
$84,504
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garvin County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Byars | $86,364 | $110,192 | $200,000 | $241,786 | $468,614 |
| Davis | $36,677 | $55,080 | $100,384 | $169,319 | $310,906 |
| Elmore City | $27,958 | $44,281 | $74,530 | $122,255 | $193,726 |
| Foster | $41,861 | $67,258 | $116,000 | $194,742 | $270,364 |
| Hennepin | $30,740 | $37,316 | $60,180 | $76,748 | $112,753 |
| Lindsay | $36,356 | $54,276 | $78,310 | $132,009 | $219,531 |
| Maysville | $33,391 | $49,199 | $75,226 | $122,606 | $188,244 |
| Paoli | $37,032 | $57,068 | $94,457 | $166,620 | $338,612 |
| Pauls Valley | $39,328 | $57,204 | $89,332 | $161,717 | $252,185 |
| Ratliff City | $76,247 | $78,362 | $81,889 | $127,130 | $154,275 |
| Roff | $14,802 | $38,244 | $79,131 | $113,097 | $168,123 |
| Stratford | $35,705 | $54,150 | $101,158 | $175,027 | $261,076 |
| Sulphur | $124,014 | $124,014 | $124,014 | $124,014 | $124,014 |
| Tussy | $154,460 | $183,214 | $231,138 | $279,061 | $307,816 |
| Wynnewood | $29,132 | $45,915 | $73,090 | $120,292 | $196,439 |
Source: Ownwell
Property Tax Bills Across Garvin County, Oklahoma
In Garvin County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. This value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors such as property improvements, market trends, and neighborhood characteristics can influence the assessed value. For homeowners in Garvin County, the median home price is $84,504. Tax bills can vary significantly, with the 25th percentile paying around $320, while those in the 75th percentile pay about $1,004. At the 90th percentile, tax bills can reach up to $1,720. The highest median tax bill in the county is found in Sulphur, at $1,197, whereas Hennepin has the lowest median tax bill at $361. Compared to the national median property tax rate of 0.99%, these figures highlight the variability and impact of local property tax assessments on homeowners.
Average Garvin County Tax Bill
$559
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Garvin County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Byars | $399 | $782 | $1,105 | $2,010 | $3,560 |
| Davis | $226 | $391 | $926 | $1,513 | $2,901 |
| Elmore City | $144 | $264 | $484 | $872 | $1,545 |
| Foster | $175 | $380 | $719 | $1,291 | $2,413 |
| Hennepin | $131 | $253 | $361 | $500 | $688 |
| Lindsay | $197 | $318 | $539 | $889 | $1,495 |
| Maysville | $128 | $244 | $406 | $712 | $1,223 |
| Paoli | $164 | $266 | $445 | $792 | $1,971 |
| Pauls Valley | $226 | $364 | $616 | $1,097 | $1,828 |
| Ratliff City | $363 | $426 | $531 | $1,068 | $1,390 |
| Roff | $75 | $184 | $479 | $1,045 | $1,649 |
| Stratford | $203 | $352 | $644 | $1,224 | $1,987 |
| Sulphur | $1,197 | $1,197 | $1,197 | $1,197 | $1,197 |
| Tussy | $440 | $451 | $470 | $489 | $500 |
| Wynnewood | $153 | $300 | $523 | $920 | $1,556 |
Source: Ownwell