Hunter, Garfield County, Oklahoma Property Taxes
The median property tax rate in Hunter, OK is 0.99%, aligning with the national median of 0.99% and slightly above the Oklahoma state median of 0.97%. With the median home value in Hunter, the typical annual property tax bill reaches $591, which is significantly lower than the national median of $2,690. Property taxes in Hunter are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hunter'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 Hunter 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
Hunter, Garfield County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$678
$629
Ownwell’s Hunter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hunter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hunter 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 Hunter, Garfield County, Oklahoma
Property taxes in Hunter, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hunter is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Hunter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hunter 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 Hunter's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74640 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Hunter provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hunter Tax Rate
0.99%
Average Garfield County Tax Rate
1.14%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hunter, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74640 | 0.49% | 0.70% | 0.99% | 1.20% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Hunter, Garfield County, Oklahoma
In Hunter, 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 Garfield County Appraisal District 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 Hunter, 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. For example, the highest median tax bill in the area is $591 in zip code 74640, which is notably above the national median property tax rate of 0.99%. 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 Hunter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hunter, Garfield County, Oklahoma
Source: Ownwell
$49,030
$97,303
$145,575
Average Hunter Assessed Value
$68,510
Average Garfield County Assessed Value
$94,470
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hunter, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74640 | $17,500 | $40,495 | $68,510 | $118,025 | $220,502 |
Source: Ownwell
Property Tax Bills Across Hunter, Garfield County, Oklahoma
In Hunter, Garfield County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For context, the median home price in Hunter is $68,510, which provides a baseline for understanding tax obligations. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Hunter can expect their property tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $278, while those at the 75th percentile can reach up to $1,164. At the 90th percentile, tax bills can be as high as $2,263. These taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Comparatively, the national median property tax rate is 0.99%, positioning Hunter's rates within a competitive range.
Average Hunter Tax Bill
$591
Average Garfield County Tax Bill
$950
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Hunter, Garfield County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74640 | $110 | $278 | $591 | $1,164 | $2,263 |
Source: Ownwell