Stilwell, Oklahoma Property Taxes
The median property tax rate in Stilwell, OK is 0.76%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Stilwell at $52,711, the typical annual property tax bill is around $385, significantly below the national median of $2,690. Property taxes in Stilwell are calculated based on the assessed value, which often falls below market value due to exemptions like those for primary residences and agricultural land. Understanding Stilwell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stilwell or elsewhere in Adair County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stilwell, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$401
Ownwell’s Stilwell Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stilwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stilwell to provide an estimate of 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 Stilwell, Oklahoma
Property taxes in Stilwell, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stilwell is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Stilwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stilwell 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 Stilwell's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74960 has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Stilwell provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stilwell Tax Rate
0.76%
Average Adair County Tax Rate
0.69%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stilwell, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74960 | 0.38% | 0.57% | 0.76% | 0.87% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Stilwell, Oklahoma
In Stilwell, 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 Adair 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 Stilwell, 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. Stilwell's property tax bills vary, with the 25th percentile at $234 and the 75th percentile at $645. The 90th percentile reaches up to $1090. Notably, the zip code 74960 has both the highest and lowest median tax bills, each at $385. 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.
Average Stilwell Assessed Value
$52,711
Average Adair County Assessed Value
$66,022
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stilwell, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74960 | $15,644 | $32,179 | $52,711 | $91,616 | $157,331 |
Source: Ownwell
Property Tax Bills Across Stilwell, Oklahoma
In Stilwell, Adair County, OK, property tax bills are calculated based on the assessed value of a property, which is typically a fraction of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Stilwell is $52,711. Homeowners here experience a range of tax bills, with the 25th percentile at $234 and the 75th percentile reaching $645. The 90th percentile can go up to $1,090. Several factors influence these calculations, including the property's location, its assessed value, and applicable exemptions. These tax bills significantly impact homeowners, as they must budget for these annual expenses. Comparing this to the national median property tax rate of 0.99%, homeowners in Stilwell generally face lower tax burdens. The highest and lowest median tax bills in the area are both $385, occurring in the 74960 zip code, indicating a relatively consistent tax environment within this region.
Average Stilwell Tax Bill
$385
Average Adair County Tax Bill
$421
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Stilwell, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74960 | $140 | $234 | $385 | $645 | $1,090 |
Source: Ownwell