Stringtown, Oklahoma Property Taxes
The median property tax rate in Stringtown, OK is 0.68%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Stringtown at $77,061, the typical annual property tax bill amounts to $474, significantly below the national median of $2,690. Property taxes in Stringtown are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stringtown'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 Stringtown or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stringtown, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$524
Ownwell's Stringtown Property Tax Bill Calculator offers a convenient way for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stringtown with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stringtown to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county and includes any applicable exemptions, ensuring an accurate calculation for your property tax obligations.
Property Tax Rates Across Stringtown, Oklahoma
Property taxes in Stringtown, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stringtown is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Stringtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stringtown 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 Stringtown's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74569 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Stringtown provides valuable insights into the varying tax landscape across Atoka County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stringtown Tax Rate
0.68%
Average Atoka County Tax Rate
0.71%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stringtown, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74569 | 0.29% | 0.51% | 0.68% | 0.87% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Stringtown, Oklahoma
In Stringtown, 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 Atoka 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 Stringtown, 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 Stringtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $474.00 in zip code 74569, while the lowest median tax bill is also $474.00 in the same zip code.
Average Stringtown Assessed Value
$77,061
Average Atoka County Assessed Value
$86,760
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stringtown, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74569 | $28,143 | $46,430 | $77,061 | $130,366 | $190,914 |
Source: Ownwell
Property Tax Bills Across Stringtown, Oklahoma
In Stringtown, located in Atoka County, OK, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by local assessors. Factors such as the size of the property, location, and any improvements made to the home play a role in determining this value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Stringtown typically see tax bills ranging from $254 at the 25th percentile to $1,563 at the 90th percentile, with a median home price of $77,061. The highest and lowest median tax bills in the area are both recorded at $474 in zip code 74569. Compared to the national median property tax rate of 0.99%, Stringtown's property taxes can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Stringtown Tax Bill
$474
Average Atoka County Tax Bill
$584
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Stringtown, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74569 | $122 | $254 | $474 | $947 | $1,563 |
Source: Ownwell