Carter County, Oklahoma Property Taxes
The median property tax rate in Carter County is 0.85%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Carter County at $117,168, the typical annual property tax bill is approximately $941, significantly below the national median of $2,690. Property taxes in Carter County are calculated based on the tax assessed value, which tends to be lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Carter County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Ardmore or another part of Carter County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carter County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$996
$924
Ownwell’s Carter County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carter County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carter 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’s 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 Carter County, Oklahoma
Property taxes in Carter County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carter County is 0.85%, which is lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Carter County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carter 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 Lone Grove has one of the higher property tax rates in Oklahoma at 1.16%, while the city of Ratliff City boasts one of the lowest at 0.50%. Analyzing how Carter County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carter County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carter County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ardmore | 0.45% | 0.63% | 0.83% | 1.01% | 1.18% |
| Gene Autry | N/A | N/A | N/A | N/A | N/A |
| Graham | 0.21% | 0.43% | 0.56% | 0.74% | 0.83% |
| Healdton | 0.39% | 0.64% | 0.96% | 1.16% | 1.16% |
| Hennepin | 0.19% | 0.41% | 0.52% | 0.69% | 0.87% |
| Lone Grove | 0.71% | 0.98% | 1.16% | 1.26% | 1.26% |
| Madill | 0.48% | 0.55% | 0.74% | 0.95% | 1.11% |
| Mannsville | N/A | N/A | N/A | N/A | N/A |
| Overbrook | 0.51% | 0.63% | 0.78% | 1.07% | 1.21% |
| Ratliff City | 0.24% | 0.35% | 0.50% | 0.67% | 0.84% |
| Ringling | 0.58% | 0.73% | 0.87% | 0.95% | 0.95% |
| Springer | 0.35% | 0.47% | 0.67% | 0.88% | 1.03% |
| Tatums | 0.28% | 0.30% | 0.35% | 0.41% | 0.61% |
| Tussy | 0.18% | 0.32% | 0.52% | 0.68% | 0.90% |
| Wilson | 0.48% | 0.76% | 1.00% | 1.23% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Carter County, Oklahoma
In Carter 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 Carter 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 Carter 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. In Carter County, the highest median tax bill is found in Madill at $1,284, while the lowest is in Tatums at $279. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Carter County Assessed Value
$117,168
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carter County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ardmore | $45,763 | $74,752 | $135,000 | $230,845 | $333,212 |
| Gene Autry | N/A | N/A | N/A | N/A | N/A |
| Graham | $27,354 | $35,994 | $71,306 | $101,264 | $200,064 |
| Healdton | $16,915 | $27,014 | $44,000 | $88,376 | $174,324 |
| Hennepin | $39,942 | $64,085 | $122,022 | $210,136 | $357,462 |
| Lone Grove | $40,217 | $67,031 | $100,043 | $158,578 | $237,225 |
| Madill | $79,651 | $111,012 | $178,927 | $227,722 | $272,757 |
| Mannsville | N/A | N/A | N/A | N/A | N/A |
| Overbrook | $60,000 | $82,121 | $132,253 | $319,220 | $407,396 |
| Ratliff City | $42,324 | $68,774 | $107,579 | $176,140 | $271,733 |
| Ringling | $42,805 | $80,110 | $131,708 | $182,984 | $286,859 |
| Springer | $38,345 | $66,496 | $130,368 | $235,952 | $365,793 |
| Tatums | $35,486 | $52,619 | $72,042 | $91,375 | $147,773 |
| Tussy | $26,016 | $58,678 | $86,205 | $163,892 | $223,759 |
| Wilson | $20,339 | $34,612 | $64,041 | $129,122 | $220,023 |
Source: Ownwell
Property Tax Bills Across Carter County, Oklahoma
In Carter County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county applies a tax rate to this assessed value to determine the annual tax bill. Various factors influence this calculation, including property location, size, and any applicable exemptions. For instance, the median home price in Carter County is $117,168, and tax bills can vary significantly. Homeowners in the 25th percentile pay around $460 annually, while those in the 75th percentile face bills of about $1,822. The highest median tax bill in the county is found in Madill at $1,284, contrasting sharply with the lowest median tax bill of $279 in Tatums. These variations can impact homeowners' financial planning and property investment decisions. Compared to the national median property tax rate of 0.99%, Carter County's rates reflect regional economic conditions and local government funding needs.
Average Carter County Tax Bill
$941
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Carter County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ardmore | $288 | $547 | $1,069 | $1,986 | $3,102 |
| Gene Autry | N/A | N/A | N/A | N/A | N/A |
| Graham | $102 | $194 | $308 | $750 | $1,209 |
| Healdton | $104 | $222 | $396 | $731 | $1,366 |
| Hennepin | $88 | $236 | $668 | $1,200 | $2,688 |
| Lone Grove | $359 | $654 | $1,088 | $1,843 | $2,734 |
| Madill | $496 | $608 | $1,284 | $2,036 | $2,400 |
| Mannsville | N/A | N/A | N/A | N/A | N/A |
| Overbrook | $468 | $663 | $929 | $2,634 | $3,565 |
| Ratliff City | $147 | $271 | $523 | $1,006 | $1,675 |
| Ringling | $293 | $594 | $1,005 | $1,542 | $2,360 |
| Springer | $197 | $353 | $787 | $1,853 | $3,034 |
| Tatums | $95 | $174 | $279 | $442 | $496 |
| Tussy | $45 | $134 | $443 | $956 | $1,350 |
| Wilson | $133 | $294 | $604 | $1,274 | $2,264 |
Source: Ownwell