Stuart, Oklahoma Property Taxes
The median property tax rate in Stuart, Oklahoma is 0.64%, considerably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Stuart at $100,803, the typical annual property tax bill reaches $621, well below the national median of $2,690. Property taxes in Stuart are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stuart'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 Stuart 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
Stuart, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$645
Ownwell’s Stuart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuart 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 Stuart, Oklahoma
Property taxes in Stuart, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuart is 0.64%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Stuart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74570 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Stuart 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 Stuart Tax Rate
0.64%
Average Pittsburg County Tax Rate
0.73%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuart, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74570 | 0.35% | 0.48% | 0.64% | 0.78% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Stuart, Oklahoma
In Stuart, 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 Stuart, 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 Stuart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bills is 74570, both at $621.
Average Stuart Assessed Value
$100,803
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 Stuart, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74570 | $29,544 | $53,379 | $100,803 | $159,501 | $247,871 |
Source: Ownwell
Property Tax Bills Across Stuart, Oklahoma
In Stuart, Pittsburg County, OK, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Stuart can expect a range of property tax bills, reflecting the diversity in property values within the area. For example, the 25th percentile tax bill stands at $254, while the 75th percentile tax bill reaches $1020, and the 90th percentile tax bill can be as high as $1830. These variations are influenced by factors such as property size, location, and market conditions. The median home price in Stuart is $100,803, which provides a benchmark for understanding local property values. Compared to the national median property tax rate of 0.99%, Stuart's rates offer a perspective on how local taxes impact homeowners. Understanding these details helps homeowners anticipate their tax obligations and plan accordingly.
Average Stuart Tax Bill
$621
Average Pittsburg County Tax Bill
$571
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuart, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74570 | $126 | $254 | $621 | $1,020 | $1,830 |
Source: Ownwell