Stigler, Oklahoma Property Taxes
The median property tax rate in Stigler, OK is 0.71%, 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 Stigler at $75,747, the typical annual property tax bill is $406, significantly below the national median of $2,690. Property taxes in Stigler are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stigler'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 Stigler or another part of Pittsburg County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stigler, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$538
Ownwell’s Stigler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stigler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stigler 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 Stigler, Oklahoma
Property taxes in Stigler, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stigler is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Stigler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stigler 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 Stigler's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74462 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Stigler provides valuable insights into the varying tax landscape across Pittsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stigler Tax Rate
0.71%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stigler, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74462 | 0.34% | 0.52% | 0.71% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Stigler, Oklahoma
In Stigler, 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 Pittsburg 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 Stigler, 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. The median home price in Stigler is $75,747, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $162, while the 75th percentile is $1,672, and the 90th percentile reaches $3,028. Interestingly, the highest and lowest median tax bills are both found in the 74462 zip code, each at $406. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and find opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Stigler Assessed Value
$75,747
Average Pittsburg County Assessed Value
$87,046
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stigler, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74462 | $14,531 | $27,816 | $75,747 | $223,636 | $405,438 |
Source: Ownwell
Property Tax Bills Across Stigler, Oklahoma
Property tax bills in Stigler, located in Pittsburg County, OK, are determined based on the assessed value of a property. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. In Stigler, the median home price stands at $75,747, which is significantly lower than the national median. This results in relatively lower property tax bills for homeowners in the area. For example, the 25th percentile of tax bills in Stigler is $162, while the 75th percentile reaches $1,672, showing a range of what homeowners might expect to pay. The 90th percentile tax bill can go up to $3,028, indicating how property values and specific assessments can vary. The highest and lowest median tax bills in the area are both $406, reflecting a consistent rate within the zip code 74462. These factors collectively influence how much homeowners need to budget for property taxes each year.
Average Stigler Tax Bill
$406
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Stigler, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74462 | $70 | $162 | $406 | $1,672 | $3,028 |
Source: Ownwell