Cartwright, Bryan County, Oklahoma Property Taxes
Median Cartwright, OK effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Cartwright, OK home value: $94,506
Median annual Cartwright, OK tax bill: $458, $1,942 lower than the national median property tax bill of $2,400.
How are property taxes in Bryan County calculated?
Property taxes in Cartwright, 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 Cartwright’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cartwright, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cartwright, Bryan County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$558
$517
Property Tax Rates Across Cartwright, Bryan County, Oklahoma
Local government entities determine tax rates, which can vary significantly within Oklahoma. Each year, counties estimate the budget needed to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation establishes the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this annual process is fundamental.
In Cartwright, Bryan County, the effective property tax rate is notably lower than both the national median property tax rate of 1.02% and the median rate across Oklahoma. This means homeowners in Cartwright typically pay less in property taxes compared to the average U.S. homeowner. Such a low rate can be an attractive factor for potential property buyers or those considering relocation, as it can significantly reduce the overall cost of homeownership. Comparing Cartwright's rates with other cities in Oklahoma and beyond highlights the potential savings for residents.
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 Cartwright Tax Rate
0.59%
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 Bryan County Tax Rate
0.83%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cartwright, Bryan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74731 | 0.31% | 0.44% | 0.59% | 0.77% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Cartwright, Bryan County, Oklahoma
When examining property taxes in Cartwright, 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 Bryan County appraisal district 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 Bryan 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 Cartwright. For example, the median home price in Cartwright is $94,506, with tax bills ranging significantly across the county. Zip code 74731 has the highest median home price at $94,506.
Property Tax Assessment Values Across Cartwright, Bryan County, Oklahoma
Source: Ownwell
$65,651
$106,249
$146,847
Median Cartwright Market Value
$94,506
Median Bryan County Market Value
$117,512
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cartwright, Bryan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74731 | $23,551 | $44,559 | $94,506 | $179,000 | $339,559 |
Source: Ownwell
Property Tax Bills Across Cartwright, Bryan County, Oklahoma
Median Cartwright Tax Bill
$458
Median Bryan County Tax Bill
$903
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Cartwright, Bryan County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74731 | $116 | $209 | $458 | $1,145 | $2,399 |
Source: Ownwell