Springer, Carter County, Oklahoma Property Taxes
The median property tax rate in Springer, OK is 0.67%, notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Springer, the typical annual property tax bill reaches $787, significantly below the national median of $2,690. Property taxes in Springer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Springer'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 Springer 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
Springer, Carter County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$873
$811
Ownwell’s Springer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springer 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 Springer, Carter County, Oklahoma
Property taxes in Springer, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springer is 0.67%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Springer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springer 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 Springer's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73458 zip code has the highest median property tax rate of 0.67%, while the same 73458 zip code also has the lowest median tax rate of 0.67%. Understanding how these areas compare with Springer 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 Springer Tax Rate
0.67%
Average Carter County Tax Rate
0.85%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springer, Carter County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73458 | 0.35% | 0.47% | 0.67% | 0.88% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Springer, Carter County, Oklahoma
In Springer, 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 Springer, 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 Springer is $130,368, with tax bills varying significantly. For example, the 25th percentile tax bill is $353, while the 75th percentile tax bill is $1,853. The highest and lowest median tax bills are both $787 in the 73458 zip code. 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 Springer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Springer, Carter County, Oklahoma
Source: Ownwell
$44,000
$111,464
$178,927
Average Springer Assessed Value
$130,368
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 Springer, Carter County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73458 | $38,345 | $66,496 | $130,368 | $235,952 | $365,793 |
Source: Ownwell
Property Tax Bills Across Springer, Carter County, Oklahoma
In Springer, located in Carter County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Springer is $130,368. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and local levies can affect the final amount. For instance, the 25th percentile tax bill is $353, while the 75th percentile tax bill reaches $1,853, and the 90th percentile can go up to $3,034. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local variations. Homeowners in Springer should be aware that property taxes fund essential services like schools, infrastructure, and emergency services, directly impacting community quality. Accurate assessments and understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Springer Tax Bill
$787
Average Carter County Tax Bill
$941
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Springer, Carter County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73458 | $197 | $353 | $787 | $1,853 | $3,034 |
Source: Ownwell