Stephens County, Oklahoma Property Taxes

Name: Property Tax Bills Across Stephens County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Stephens County effective property tax rate: 0.81%, significantly lower than the national median of 1.02%.
Median Stephens County home value: $86,689
Median annual Stephens County tax bill: $664, $1,736 lower than the national median property tax bill of $2,400.

How are property taxes in Stephens County calculated?

Property taxes in Stephens County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Duncan or another part of Stephens County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Stephens County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$702

$652

Ownwell’s Stephens County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stephens County with just two data points. By entering your property's estimated assessed value, our calculator applies Stephens County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Stephens County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Stephens County, Oklahoma

Local government entities determine tax rates, which can differ significantly within a state. Annually, each county calculates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Stephens County's effective property tax rate to other counties in Oklahoma or the U.S. median property tax rate. Stephens County has a median property tax rate of 0.81%, which is lower than the national median property tax rate of 1.02%. Within the state, Marlow has the highest median property tax rate at 0.90%, while Waurika has the lowest at 0.71%. This variation highlights the importance of understanding local tax rates, which can have a significant impact on property owners' annual tax bills. By staying informed, property owners can make better financial decisions and potentially save on their property taxes.

Property Tax Rates Across Stephens County, Oklahoma

Source: Ownwell

0.71%

0.81%

0.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Stephens County Tax Rate

0.81%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Stephens County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Comanche	0.44%	0.61%	0.78%	0.93%	1.00%
Duncan	0.50%	0.66%	0.80%	0.92%	0.94%
Foster	0.52%	0.68%	0.82%	0.89%	0.94%
Hastings	0.47%	0.74%	0.88%	1.00%	1.00%
Loco	0.42%	0.58%	0.71%	0.81%	0.85%
Marlow	0.58%	0.74%	0.90%	1.06%	1.15%
Ratliff City	0.44%	0.60%	0.73%	0.78%	0.84%
Velma	0.53%	0.66%	0.75%	0.85%	0.85%
Waurika	0.46%	0.65%	0.71%	0.77%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Stephens County, Oklahoma

When examining property taxes in Stephens County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Stephens County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Stephens County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Stephens County. For example, the median tax bill in Stephens County is $889, with tax bills ranging significantly across the county. Marlow has the highest median home price at $105,087.

Property Tax Assessment Values Across Stephens County, Oklahoma

Source: Ownwell

$61,393

$83,240

$105,087

Median Stephens County Market Value

$86,689

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Stephens County, Oklahoma

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Comanche	$27,883	$47,802	$77,886	$124,162	$192,701
Duncan	$23,741	$41,557	$82,902	$147,501	$222,203
Foster	$31,144	$67,099	$102,987	$175,352	$274,763
Hastings	$20,003	$34,072	$61,393	$83,833	$121,360
Loco	$21,616	$35,750	$66,306	$129,467	$209,092
Marlow	$41,405	$65,432	$105,087	$169,982	$275,233
Ratliff City	$22,547	$47,258	$76,870	$119,504	$156,666
Velma	$51,152	$65,254	$82,482	$109,264	$165,427
Waurika	$38,972	$60,846	$84,232	$100,506	$184,451

Source: Ownwell

Property Tax Bills Across Stephens County, Oklahoma

In Stephens County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value, which reflects the estimated price a property would sell for under normal conditions. Homeowners in Stephens County face a median property tax bill of $889, notably lower than the national median of $2400. This lower tax bill is influenced by the county's median home price of $86,689, which is considerably below the national average. Factors such as property location, improvements, and exemptions can also impact the final tax bill. For instance, homeowners in Marlow experience the highest median tax bill at $889, while those in Loco pay the lowest at $441. These tax bills can significantly affect homeowners' finances, influencing decisions on buying, selling, or investing in property. Understanding these factors can help homeowners anticipate their tax obligations and manage their budgets effectively.

Property Tax Bills Across Stephens County, Oklahoma

Source: Ownwell

$441

$665

$889

Median Stephens County Tax Bill

$664

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Stephens County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Comanche	$150	$297	$577	$983	$1,617
Duncan	$142	$279	$600	$1,205	$1,895
Foster	$203	$405	$750	$1,470	$2,330
Hastings	$118	$205	$456	$776	$1,117
Loco	$92	$218	$441	$938	$1,710
Marlow	$294	$514	$889	$1,557	$2,608
Ratliff City	$148	$289	$506	$886	$1,206
Velma	$282	$438	$621	$824	$1,364
Waurika	$274	$360	$569	$790	$1,422

Source: Ownwell