Property Tax

Property Tax also known as Ad Valorem Tax


Property Tax

  • Property taxes finance General Obligation Bonds, which voters approve for specific capital projects. It is a common misconception that property taxes help pay for the City’s core services. Although this is true in many states, cities and towns in Oklahoma are not allowed to levy property taxes for day-to-day operations.

 

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Assuming taxable property is located in the City of Stillwater, the Stillwater Public School District, Meridian Technology Center District and Payne County


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