Gene Autry, Oklahoma Property Taxes
The median property tax rate in Gene Autry, OK, is 0.96%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Gene Autry at $58,302, the typical annual property tax bill amounts to $601, significantly below the national median of $2,690. Property taxes in Gene Autry are calculated based on the assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gene Autry'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 Gene Autry 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
Gene Autry, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$560
Ownwell’s Gene Autry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gene Autry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gene Autry 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 Carter County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Gene Autry, Oklahoma
Property taxes in Gene Autry, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gene Autry is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Gene Autry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gene Autry 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 Gene Autry's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 73436 has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Gene Autry provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gene Autry Tax Rate
0.96%
Average Carter County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gene Autry, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73436 | 0.67% | 0.81% | 0.96% | 1.03% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Gene Autry, Oklahoma
In Gene Autry, 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 Carter 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 Gene Autry, 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. The median home price in Gene Autry is $58,302, with tax bills ranging from $170 at the 25th percentile to $1,229 at the 90th percentile. 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 Gene Autry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gene Autry Assessed Value
$58,302
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 Gene Autry, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73436 | $13,885 | $28,962 | $58,302 | $115,109 | $126,772 |
Source: Ownwell
Property Tax Bills Across Gene Autry, Oklahoma
In Gene Autry, located in Carter County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Gene Autry can expect their tax bills to vary significantly, with the 25th percentile tax bill at $170 and the 75th percentile reaching $1,101. For those at the higher end, the 90th percentile tax bill is $1,229. The median home price in Gene Autry is $58,302, and the property tax rate is an essential factor in determining the final bill. Compared to the national median property tax rate of 0.99%, the tax rate in Gene Autry can be considered relatively moderate. This impacts homeowners by affecting their annual housing costs, which can influence overall affordability and financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Gene Autry Tax Bill
$601
Average Carter County Tax Bill
$941
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Gene Autry, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73436 | $141 | $170 | $601 | $1,101 | $1,229 |
Source: Ownwell