Washita County Property Taxes
The median property tax rate in Washita County is 0.77%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Washita County at $56,348, the typical annual property tax bill is approximately $399, significantly below the national median of $2,690. Property taxes in Washita County are determined based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Washita County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you reside in a city within Washita County or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washita County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$434
Ownwell’s Washita County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Washita County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Washita County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Washita County, Oklahoma
Property taxes in Washita County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Washita County is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Washita County set these rates annually, and they can vary significantly between different areas within the county. Each year, Washita County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Washita County's effective property tax rate with other areas in Oklahoma and the national median. For comparison, the city of Gotebo has one of the higher property tax rates in Oklahoma at 0.98%, while the city of Canute boasts one of the lowest at 0.67%. Analyzing how Washita County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Washita County Tax Rate
0.77%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washita County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bessie | 0.43% | 0.64% | 0.79% | 0.92% | 0.94% |
| Burns Flat | N/A | N/A | N/A | N/A | N/A |
| Canute | 0.36% | 0.49% | 0.67% | 0.82% | 0.88% |
| Carnegie | 0.56% | 0.78% | 0.96% | 1.06% | 1.07% |
| Carter | 0.69% | 0.71% | 0.73% | 0.75% | 0.76% |
| Clinton | 0.49% | 0.68% | 0.82% | 0.94% | 1.01% |
| Colony | 0.63% | 0.82% | 0.89% | 0.94% | 0.94% |
| Cordell | 0.52% | 0.75% | 0.87% | 0.94% | 0.94% |
| Corn | 0.56% | 0.72% | 0.86% | 0.94% | 0.94% |
| Dill City | 0.36% | 0.58% | 0.75% | 0.89% | 0.89% |
| Elk City | 0.42% | 0.59% | 0.74% | 0.86% | 0.89% |
| Foss | N/A | N/A | N/A | N/A | N/A |
| Gotebo | 0.20% | 0.54% | 0.98% | 1.10% | 1.10% |
| Lone Wolf | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
| Mountain View | 0.76% | 0.91% | 0.97% | 1.05% | 1.08% |
| Rocky | 0.30% | 0.57% | 0.72% | 0.77% | 0.82% |
| Sentinel | 0.34% | 0.55% | 0.69% | 0.77% | 0.77% |
| Weatherford | 0.68% | 0.84% | 0.94% | 0.99% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Washita County, Oklahoma
In Washita County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Washita County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Washita County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Washita County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Washita County, the highest median tax bill is in Carter at $1,412, while the lowest is in Sentinel at $239. The median home price in the county is $56,348, with tax bills ranging from $216 at the 25th percentile to $1,364 at the 90th percentile.
Property Tax Assessment Values Across Washita County, Oklahoma
Source: Ownwell
$36,170
$120,048
$203,926
Average Washita County Assessed Value
$56,348
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washita County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bessie | $15,896 | $21,645 | $40,330 | $79,100 | $134,397 |
| Burns Flat | N/A | N/A | N/A | N/A | N/A |
| Canute | $19,186 | $38,151 | $77,884 | $133,184 | $238,724 |
| Carnegie | $33,243 | $47,125 | $83,462 | $136,702 | $233,536 |
| Carter | $100,738 | $133,115 | $187,076 | $241,038 | $273,415 |
| Clinton | $48,153 | $70,528 | $113,484 | $175,120 | $252,699 |
| Colony | $24,091 | $46,005 | $77,880 | $141,247 | $226,896 |
| Cordell | $18,646 | $30,960 | $53,000 | $89,698 | $140,188 |
| Corn | $20,376 | $32,171 | $58,058 | $96,306 | $151,440 |
| Dill City | $11,588 | $20,319 | $36,170 | $71,505 | $120,048 |
| Elk City | $86,654 | $111,427 | $186,838 | $308,069 | $436,233 |
| Foss | N/A | N/A | N/A | N/A | N/A |
| Gotebo | $38,617 | $53,255 | $76,461 | $118,687 | $187,805 |
| Lone Wolf | $103,505 | $103,505 | $103,505 | $103,505 | $103,505 |
| Mountain View | $55,635 | $69,428 | $117,847 | $217,698 | $283,900 |
| Rocky | $21,129 | $34,532 | $59,500 | $90,664 | $148,337 |
| Sentinel | $13,151 | $20,734 | $37,026 | $66,148 | $118,524 |
| Weatherford | $49,054 | $69,110 | $127,410 | $241,108 | $334,878 |
Source: Ownwell
Property Tax Bills Across Washita County, Oklahoma
In Washita County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, and local tax rates are then applied. Various factors, including the property's location, size, and condition, influence the assessed value. Homeowners in Washita County experience a range of tax bills. For instance, the 25th percentile tax bill is $216, while the 75th percentile reaches $749, and the 90th percentile climbs to $1,364. The median home price in the county is $56,348, which offers a context for these tax amounts. Comparatively, the highest median tax bill in the region is in Carter at $1,412, and the lowest is in Sentinel at $239. These property taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Washita County Tax Bill
$399
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Washita County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bessie | $82 | $158 | $260 | $574 | $1,222 |
| Burns Flat | N/A | N/A | N/A | N/A | N/A |
| Canute | $103 | $229 | $449 | $850 | $1,702 |
| Carnegie | $222 | $402 | $799 | $1,217 | $2,475 |
| Carter | $716 | $977 | $1,412 | $1,848 | $2,109 |
| Clinton | $293 | $534 | $768 | $1,355 | $2,085 |
| Colony | $209 | $423 | $674 | $1,243 | $2,285 |
| Cordell | $123 | $230 | $427 | $762 | $1,264 |
| Corn | $160 | $242 | $446 | $833 | $1,376 |
| Dill City | $62 | $130 | $265 | $540 | $860 |
| Elk City | $423 | $743 | $1,335 | $2,345 | $3,380 |
| Foss | N/A | N/A | N/A | N/A | N/A |
| Gotebo | $74 | $218 | $497 | $1,234 | $1,997 |
| Lone Wolf | $697 | $697 | $697 | $697 | $697 |
| Mountain View | $492 | $660 | $1,061 | $1,622 | $3,065 |
| Rocky | $90 | $179 | $389 | $663 | $1,154 |
| Sentinel | $59 | $122 | $239 | $468 | $843 |
| Weatherford | $417 | $594 | $1,069 | $2,351 | $3,061 |
Source: Ownwell