Garber, Oklahoma Property Taxes
The median property tax rate in Garber, OK is 0.30%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Garber at $235,379, the typical annual property tax bill amounts to $700, well below the national median of $2,690. Property taxes in Garber are calculated based on the assessed value, which often falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Garber'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 Garber or another part of Noble County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garber, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$706
-$7,400
Ownwell’s Garber Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garber with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garber 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 Garber, Oklahoma
Property taxes in Garber, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garber is 0.44%, which is lower than both the Oklahoma state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Garber set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garber 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 Garber's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the highest median property tax rate in Oklahoma is in 73109 with a tax rate of 1.07%, while the lowest median tax rate is in 73002 at 0.44%. Understanding how these cities compare with Garber 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 Garber Tax Rate
0.30%
Average Noble County Tax Rate
0.91%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garber, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73738 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Source: Ownwell
Property Tax Assessment Values Across Garber, Oklahoma
In Garber, 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 Noble 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 Garber, 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 Garber helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Garber both amount to $700, found in the 73738 zip code.
Average Garber Assessed Value
$235,379
Average Noble County Assessed Value
$78,656
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garber, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73738 | $235,379 | $235,379 | $235,379 | $235,379 | $235,379 |
Source: Ownwell
Property Tax Bills Across Garber, Oklahoma
In Garber, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the market value of the property. For instance, if the median home price in Garber is $235,379, the assessed value would be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Noble County, where Garber is located, the property tax bill for homeowners typically falls around $700, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a relatively stable tax environment for residents. Compared to the national median property tax rate of 0.99%, Garber's property taxes appear to be quite reasonable, providing homeowners with predictability in their annual expenses. This stability in property tax bills can make homeownership in Garber more attractive, as it allows for better financial planning and budgeting.
Average Garber Tax Bill
$700
Average Noble County Tax Bill
$666
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Garber, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73738 | $700 | $700 | $700 | $700 | $700 |
Source: Ownwell