Stroud, Oklahoma Property Taxes
The median property tax rate in Stroud, OK is 0.80%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $71,292 in Stroud, the typical annual property tax bill amounts to $572, significantly below the national median of $2,690. Property taxes in Stroud are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Stroud'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 Stroud 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
Stroud, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$570
-$5,977
Ownwell’s Stroud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stroud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stroud 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 Stroud, Oklahoma
Property taxes in Stroud, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stroud is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Stroud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stroud 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 Stroud's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74079 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Stroud provides valuable insights into the varying tax landscape across Okfuskee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stroud Tax Rate
0.80%
Average Okfuskee County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stroud, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74079 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Stroud, Oklahoma
In Stroud, 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 Okfuskee 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 Stroud, 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 Stroud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Stroud are both $572.00, found in the 74079 zip code.
Average Stroud Assessed Value
$71,292
Average Okfuskee County Assessed Value
$65,362
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stroud, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74079 | $71,292 | $71,292 | $71,292 | $71,292 | $71,292 |
Source: Ownwell
Property Tax Bills Across Stroud, Oklahoma
Property tax bills in Stroud, located in Okfuskee County, OK, are determined by assessing the property's market value and applying the local tax rate. The median home price in Stroud is $71,292. With the national median property tax rate at 0.99%, homeowners in Stroud experience a relatively lower tax burden. The tax bill for properties at the 25th, 75th, and 90th percentiles is consistently $572, indicating a uniform tax rate across different property values within the city. Factors influencing the tax bill include the assessed value of the property and any applicable exemptions. Homeowners should be aware that while the tax rate may appear consistent, the assessed value can fluctuate based on market conditions and property improvements. This uniform tax bill structure provides predictability for homeowners, making it easier to budget for annual expenses. However, it also means that any changes in assessed value directly impact the tax bill, emphasizing the importance of accurate property assessments.
Average Stroud Tax Bill
$572
Average Okfuskee County Tax Bill
$424
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Stroud, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74079 | $572 | $572 | $572 | $572 | $572 |
Source: Ownwell