Ratliff City, Stephens County, Oklahoma Property Taxes
Median Ratliff City, OK effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%. Median Ratliff City, OK home value: $76,870. Median annual Ratliff City, OK tax bill: $506, $1,894 lower than the national median property tax bill of $2,400.
How are property taxes in Stephens County calculated?
Property taxes in Ratliff City, 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 Ratliff City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ratliff City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ratliff City, Stephens County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$561
$521
Property Tax Rates Across Ratliff City, Stephens County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates 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 Ratliff City’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.
Ratliff City, located in Stephens County, stands out with its property tax rate. Oklahoma's median property tax rate is 0.73%, which is significantly lower than the national median of 1.02%. This makes Ratliff City an appealing option for property owners looking to save on taxes. The lower rates can be attributed to the county's efficient budgeting and the value of taxable properties within its jurisdiction. With the highest and lowest tax rates in the state both at 0.73%, Ratliff City offers consistent and predictable tax expenses for its residents.
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 Ratliff City Tax Rate
0.73%
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 Ratliff City, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73481 | 0.44% | 0.60% | 0.73% | 0.78% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Ratliff City, Stephens County, Oklahoma
When examining property taxes in Ratliff City, 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 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 Ratliff City.
For example, the median home price in Ratliff City is $76,870, with tax bills ranging significantly across the county. The zip code 73481 has the highest median home price at $76,870.
Property Tax Assessment Values Across Ratliff City, Stephens County, Oklahoma
Source: Ownwell
$61,393
$83,240
$105,087
Median Ratliff City Market Value
$76,870
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 Ratliff City, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73481 | $22,547 | $47,258 | $76,870 | $119,504 | $156,666 |
Source: Ownwell
Property Tax Bills Across Ratliff City, Stephens County, Oklahoma
Median Ratliff City Tax Bill
$506
Median Stephens County Tax Bill
$664
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Ratliff City, Stephens County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73481 | $148 | $289 | $506 | $886 | $1,206 |
Source: Ownwell