Marlow, Stephens County, Oklahoma Property Taxes

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

Median Marlow, OK effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Marlow, OK home value: $105,087
Median annual Marlow, OK tax bill: $889, $1,511 lower than the national median property tax bill of $2,400.

How are property taxes in Stephens County calculated?

Property taxes in Marlow, 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 Marlow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marlow, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Marlow, Stephens County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$946

$878

Ownwell’s Marlow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marlow with just two data points. By entering your property's estimated assessed value, our calculator applies Marlow’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 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 Marlow, Stephens County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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, this is the annual process. Marlow in Stephens County, Oklahoma, has an effective property tax rate that aligns with the county's median rate. Compared to the national median property tax rate of 1.02%, Marlow's rate is relatively competitive. This can be particularly appealing for property owners seeking to minimize their tax liability while enjoying the benefits of local services. Property taxes are a crucial consideration for homeowners, and understanding how Marlow's rate compares to other cities in Oklahoma and the U.S. can provide valuable insights. By evaluating these differences, property owners can make informed decisions about their investments and potential savings.

Property Tax Rates Across Marlow, 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 Marlow Tax Rate

0.90%

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 Marlow, Stephens County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73055	0.58%	0.74%	0.90%	1.06%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Marlow, Stephens County, Oklahoma

When examining property taxes in Marlow, 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. 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 Marlow. For example, the median home price in Marlow is $105,087, with tax bills ranging significantly across the county. Zip code 73055 has the highest median home price at $105,087.

Property Tax Assessment Values Across Marlow, Stephens County, Oklahoma

Source: Ownwell

$61,393

$83,240

$105,087

Median Marlow Market Value

$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 Marlow, Stephens County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73055	$41,405	$65,432	$105,087	$169,982	$275,233

Source: Ownwell

Property Tax Bills Across Marlow, Stephens County, Oklahoma

In Marlow, located in Stephens County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value to determine the annual property tax bill. With a median home price of $105,087, homeowners in Marlow typically experience property tax bills lower than the national median, with the highest median tax bill in the area being $889. Factors influencing the tax bill include changes in property value and local tax rates. For homeowners, understanding these components is crucial, as they directly impact annual expenses. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing assessed values and ensuring any applicable exemptions are applied. By leveraging local expertise and understanding the nuances of property tax calculations, Ownwell can assist homeowners in Marlow in managing and potentially lowering their property tax obligations.

Property Tax Bills Across Marlow, Stephens County, Oklahoma

Source: Ownwell

$441

$665

$889

Median Marlow Tax Bill

$889

Median Stephens County Tax Bill

$664

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Marlow, Stephens County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73055	$294	$514	$889	$1,557	$2,608

Source: Ownwell