Stroud, Lincoln County, Oklahoma Property Taxes
Median Stroud, OK effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Stroud, OK home value: $84,803
Median annual Stroud, OK tax bill: $561, $1,839 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Stroud, OK 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 Stroud’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stroud, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stroud, Lincoln County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$636
$590
Property Tax Rates Across Stroud, Lincoln County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Stroud, located in Lincoln County, the effective property tax rate is 0.75%. This rate aligns with the highest and lowest median rates in the state, which are also 0.75%. Compared to the national median property tax rate of 1.02%, Stroud's rate is significantly lower. This can translate to considerable savings for property owners in the area. The median property tax bill in Stroud is also likely to be lower than the national median of $2400, offering further financial relief. This makes Stroud an attractive option for property owners looking to minimize their tax expenses while still benefiting from local services funded by these taxes.
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 Stroud Tax Rate
0.75%
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 Lincoln County Tax Rate
0.78%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stroud, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74079 | 0.37% | 0.54% | 0.75% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Stroud, Lincoln County, Oklahoma
When examining property taxes in Stroud, Oklahoma, 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 Lincoln 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.
In Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Stroud. For example, the median home price in Stroud is $84,803, with tax bills ranging significantly across the county. Zip code 74079 has the highest median home price at $84,803.
Property Tax Assessment Values Across Stroud, Lincoln County, Oklahoma
Source: Ownwell
$17,889
$68,010
$118,130
Median Stroud Market Value
$84,803
Median Lincoln County Market Value
$92,516
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stroud, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74079 | $22,487 | $47,396 | $84,803 | $141,546 | $212,942 |
Source: Ownwell
Property Tax Bills Across Stroud, Lincoln County, Oklahoma
Median Stroud Tax Bill
$561
Median Lincoln County Tax Bill
$648
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Stroud, Lincoln County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74079 | $140 | $291 | $561 | $1,086 | $1,770 |
Source: Ownwell