Saint Louis, Oklahoma Property Taxes
The median property tax rate in Saint Louis, OK is 0.93%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Saint Louis at $21,797, the typical annual property tax bill is $184, significantly below the national median of $2,690. Property taxes in Saint Louis are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Saint Louis'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 Saint Louis or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Louis, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$203
Ownwell’s Saint Louis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Louis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Louis 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 Saint Louis, Oklahoma
Property taxes in Saint Louis, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Louis is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within Saint Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Louis 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 Saint Louis's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74866 has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Saint Louis provides valuable insights into the varying tax landscape across Pottawatomie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Louis Tax Rate
0.93%
Average Pottawatomie County Tax Rate
1.04%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Louis, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74866 | 0.83% | 0.87% | 0.93% | 0.99% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Saint Louis, Oklahoma
In Saint Louis, 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 local 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 Saint Louis, 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 Saint Louis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Saint Louis, the median property tax bill is $184.00, with the zip code 74866 having both the highest and lowest median tax bills.
Average Saint Louis Assessed Value
$21,797
Average Pottawatomie County Assessed Value
$87,932
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Louis, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74866 | $9,933 | $14,382 | $21,797 | $29,212 | $33,661 |
Source: Ownwell
Property Tax Bills Across Saint Louis, Oklahoma
In Saint Louis, Pottawatomie County, OK, property tax bills are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in the area is $21,797, which provides a baseline for understanding property tax calculations. Homeowners in this region typically see tax bills ranging from $128 at the 25th percentile to $273 at the 90th percentile, with the median tax bill being $184. These figures are significantly lower than the national median property tax rate of 0.99%, reflecting the relatively modest property values in Saint Louis. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners benefit from understanding these elements as they can directly affect their annual financial obligations. By staying informed about property assessments and potential exemptions, residents can better manage their property tax expenses and ensure they are not overpaying.
Average Saint Louis Tax Bill
$184
Average Pottawatomie County Tax Bill
$764
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Louis, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74866 | $95 | $128 | $184 | $240 | $273 |
Source: Ownwell