Foster, Stephens County, Oklahoma Property Taxes
Median Foster, OK effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Foster, OK home value: $102,987
Median annual Foster, OK tax bill: $750, $1,650 lower than the national median property tax bill of $2,400.
How are property taxes in Stephens County calculated?
Property taxes in Foster, 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 Foster’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Foster, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Foster, Stephens County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$844
$784
Property Tax Rates Across Foster, Stephens County, Oklahoma
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 Foster Tax Rate
0.82%
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 Foster, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73434 | 0.52% | 0.68% | 0.82% | 0.89% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Foster, Stephens County, Oklahoma
When examining property taxes in Foster, 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 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.
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 Foster. For example, the median home price in Foster is $102,987, with tax bills ranging significantly across the county. Zip code 73434 has the highest median home price at $102,987.
Property Tax Assessment Values Across Foster, Stephens County, Oklahoma
Source: Ownwell
$61,393
$83,240
$105,087
Median Foster Market Value
$102,987
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 Foster, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73434 | $31,144 | $67,099 | $102,987 | $175,352 | $274,763 |
Source: Ownwell
Property Tax Bills Across Foster, Stephens County, Oklahoma
In Foster, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value. In Stephens County, homeowners face a median property tax bill of $750, significantly lower than the national median of $2,400. Factors such as property location, size, and improvements can influence the assessed value, impacting the final tax bill. The tax bill can vary widely, with the 25th percentile at $405 and the 90th percentile reaching $2,330, indicating a range of property values and tax burdens within the area.
Homeowners in Foster can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing individual property assessments, Ownwell identifies opportunities for reductions and exemptions that can substantially lower tax bills. This service is particularly valuable for those at the higher end of the tax spectrum. With Ownwell's guidance, homeowners can ensure they are not overpaying, potentially saving hundreds or even thousands of dollars annually.
Median Foster Tax Bill
$750
Median Stephens County Tax Bill
$664
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Foster, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73434 | $203 | $405 | $750 | $1,470 | $2,330 |
Source: Ownwell