Healdton, Oklahoma Property Taxes
The median property tax rate in Healdton, OK is 0.96%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $44,000 in Healdton, the typical annual property tax bill amounts to $396, significantly below the national median of $2,690. Property taxes in Healdton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Healdton'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 Healdton or another part of Carter County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Healdton, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$422
Ownwell’s Healdton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Healdton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Healdton 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 Healdton, Oklahoma
Property taxes in Healdton, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Healdton is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Healdton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Healdton 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 Healdton's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73438 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Healdton 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 Healdton 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 Healdton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73438 | 0.39% | 0.64% | 0.96% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Healdton, Oklahoma
In Healdton, 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 Healdton, 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 Healdton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Healdton is $44,000, with the highest and lowest median tax bills both recorded at $396 in zip code 73438. The 25th percentile tax bill is $222, while the 75th percentile is $731, and the 90th percentile reaches $1,366.
Average Healdton Assessed Value
$44,000
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 Healdton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73438 | $16,915 | $27,014 | $44,000 | $88,376 | $174,324 |
Source: Ownwell
Property Tax Bills Across Healdton, Oklahoma
In Healdton, located in Carter County, OK, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Healdton is $44,000. Property taxes are calculated by multiplying the assessed value with the local tax rate. Homeowners in Healdton can expect to pay a median property tax bill of $396, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For example, the 25th percentile tax bill stands at $222, while the 75th percentile reaches $731. At the 90th percentile, homeowners might pay as much as $1,366. These variances highlight how different assessments and exemptions can affect individual tax obligations. Understanding these factors helps homeowners in Healdton better anticipate their annual property tax expenses and plan their finances accordingly.
Average Healdton Tax Bill
$396
Average Carter County Tax Bill
$941
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Healdton, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73438 | $104 | $222 | $396 | $731 | $1,366 |
Source: Ownwell