Hunter, Grant County, Oklahoma Property Taxes
The median property tax rate in Hunter, OK is 0.73%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $177,554 in Hunter, the typical annual property tax bill is approximately $1,380, falling below 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, Grant County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,296
$1,203
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, Grant 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 0.73%, which is lower than 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 0.73%. Understanding how these cities compare with Hunter provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hunter Tax Rate
0.73%
Average Grant County Tax Rate
0.60%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hunter, Grant County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74640 | 0.50% | 0.65% | 0.73% | 0.78% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Hunter, Grant 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 Grant 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. In Hunter, the median home price is $177,554, with tax bills ranging from $832 at the 25th percentile to $2,907 at the 90th percentile. The zip code with the highest and lowest median tax bill is 74640, both at $1,380. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hunter, Grant County, Oklahoma
Source: Ownwell
$69,612
$123,583
$177,554
Average Hunter Assessed Value
$177,554
Average Grant County Assessed Value
$83,486
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hunter, Grant County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74640 | $100,134 | $123,356 | $177,554 | $249,080 | $352,896 |
Source: Ownwell
Property Tax Bills Across Hunter, Grant County, Oklahoma
In Hunter, located in Grant County, OK, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value, which is determined by local assessors. The tax rate is then applied to this assessed value to compute the annual tax bill. Several factors influence the tax bill, including the property's market value, local tax rates, and any applicable exemptions. For homeowners in Hunter, the median home price is $177,554. The property tax bill can vary significantly, with the 25th percentile paying around $832 annually, while those in the 75th percentile pay approximately $1,690. At the higher end, the 90th percentile sees tax bills reaching up to $2,907. Comparing these figures to the national median property tax rate of 0.99%, it's evident that local rates and home values significantly impact what homeowners pay. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Hunter Tax Bill
$1,380
Average Grant County Tax Bill
$460
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Hunter, Grant County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74640 | $526 | $832 | $1,380 | $1,690 | $2,907 |
Source: Ownwell