Lone Grove, Carter County, Oklahoma Property Taxes

Name: Property Tax Bills Across Lone Grove, Carter County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lone Grove, OK effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Lone Grove, OK home value: $100,043
Median annual Lone Grove, OK tax bill: $1088, $1312 lower than the national median property tax bill of $2,400.

How are property taxes in Carter County calculated?

Property taxes in Lone Grove, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lone Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lone Grove, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lone Grove, Carter County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$1,160

$1,077

Ownwell’s Lone Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lone Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Lone Grove’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carter County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lone Grove, Carter County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Lone Grove, located in Carter County, Oklahoma, the property tax rate stands at 1.16%, which is above the national median of 1.02%. This rate is consistent across the region, as seen in the ZIP code 73443, where the highest and lowest median tax rates are also 1.16%. When compared to the national median property tax bill of $2400, the implications of these rates can significantly affect the financial responsibilities of homeowners in Lone Grove. Understanding these nuances can help property owners make informed decisions and potentially seek relief through appeals or exemptions.

Property Tax Rates Across Lone Grove, Carter County, Oklahoma

Source: Ownwell

0.35%

0.76%

1.16%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lone Grove Tax Rate

1.16%

Median Effective Carter County Tax Rate

0.85%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lone Grove, Carter County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73443	0.71%	0.98%	1.16%	1.26%	1.26%

Source: Ownwell

Property Tax Assessment Values Across Lone Grove, Carter County, Oklahoma

When examining property taxes in Lone Grove, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Carter County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Carter County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lone Grove.

For example, the median home price in Lone Grove is $100,043, with tax bills ranging significantly across the county. The 73443 zip code has the highest median home price at $100,043.

Property Tax Assessment Values Across Lone Grove, Carter County, Oklahoma

Source: Ownwell

$44,000

$111,464

$178,927

Median Lone Grove Market Value

$100,043

Median Carter County Market Value

$117,168

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lone Grove, Carter County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73443	$40,217	$67,031	$100,043	$158,578	$237,225

Source: Ownwell

Property Tax Bills Across Lone Grove, Carter County, Oklahoma

In Lone Grove, located in Carter County, Oklahoma, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a fraction of the home's market value, and local taxing authorities set the tax rate. For homeowners, this means that changes in the assessed value or tax rate can significantly impact their annual tax bill. In Lone Grove, the median home price is $100,043, and property tax bills vary significantly, with the 25th percentile at $654 and the 75th percentile reaching $1,843. Notably, 90% of homeowners pay less than $2,734. With a median tax bill of $1,088, Lone Grove's property taxes are lower than the national median of $2,400. However, homeowners can still benefit from ensuring their property is not over-assessed. Ownwell offers services to help homeowners appeal their property tax assessments, potentially resulting in significant savings by ensuring they do not pay more than their fair share.

Property Tax Bills Across Lone Grove, Carter County, Oklahoma

Source: Ownwell

$279

$782

$1,284

Median Lone Grove Tax Bill

$1,088

Median Carter County Tax Bill

$941

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Lone Grove, Carter County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73443	$359	$654	$1,088	$1,843	$2,734

Source: Ownwell