Woods County, Oklahoma Property Taxes

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

Median Woods County effective property tax rate: 0.70%, significantly lower than the national median of 1.02%.
Median Woods County home value: $89,049
Median annual Woods County tax bill: $565, $1,835 lower than the national median property tax bill of $2,400.

How are property taxes in Woods County calculated?

Property taxes in Woods County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Alva or another part of Woods County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Woods County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$623

$578

Ownwell’s Woods County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woods County with just two data points. By entering your property's estimated assessed value, our calculator applies Woods County’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 more 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 Woods County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Woods County, Oklahoma

Local government entities determine tax rates, which can differ significantly within a state. Annually, each county estimates the budget needed to provide services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Woods County, the effective property tax rate is 0.70%, which is below the national median of 1.02%. This means homeowners in Woods County generally pay less in property taxes compared to the national average. Within the county, tax rates can vary, with Waynoka having the highest median tax rate of 0.75% and Freedom having the lowest at 0.46%. Comparing these rates to the national context highlights how Woods County offers relatively lower property tax burdens, potentially making it an attractive option for homeowners seeking affordability.

Property Tax Rates Across Woods County, Oklahoma

Source: Ownwell

0.37%

0.56%

0.75%

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 Woods County Tax Rate

0.70%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Woods County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Aline	0.36%	0.49%	0.54%	0.66%	0.94%
Alva	0.35%	0.52%	0.73%	0.84%	0.86%
Carmen	0.26%	0.33%	0.37%	0.49%	0.60%
Dacoma	0.23%	0.36%	0.47%	0.56%	0.66%
Freedom	0.24%	0.33%	0.46%	0.62%	0.86%
Waynoka	0.38%	0.55%	0.75%	0.92%	1.02%
Capron	N/A	N/A	N/A	N/A	N/A
Cleo Springs	N/A	N/A	N/A	N/A	N/A
Hopeton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Woods County, Oklahoma

When examining property taxes in Woods County, 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 Woods 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 Woods 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 Woods County.

For example, the median tax bill in Woods County is $540, with tax bills ranging significantly across the county. Aline has the highest median home price at $184,451.

Property Tax Assessment Values Across Woods County, Oklahoma

Source: Ownwell

$54,915

$119,683

$184,451

Median Woods County Market Value

$89,049

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Woods County, Oklahoma

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Aline	$61,929	$98,432	$184,451	$229,111	$275,785
Alva	$43,079	$62,248	$94,463	$148,808	$229,040
Carmen	$102,847	$133,524	$171,057	$256,101	$279,511
Dacoma	$50,326	$64,416	$96,737	$144,233	$244,131
Freedom	$36,860	$52,162	$84,736	$140,347	$207,917
Waynoka	$24,761	$33,295	$54,915	$101,975	$192,806
Capron	N/A	N/A	N/A	N/A	N/A
Cleo Springs	N/A	N/A	N/A	N/A	N/A
Hopeton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Woods County, Oklahoma

In Woods County, OK, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. With a median home price of $89,049, homeowners can expect tax bills that vary widely. The 25th percentile tax bill is approximately $307, while the 75th percentile reaches $1,003, and the 90th percentile goes up to $1,656. These figures highlight the variability in tax obligations depending on property value assessments and applicable exemptions. Compared to the national median property tax bill of $2,400, Woods County offers a more affordable tax environment. However, individual tax bills can still fluctuate significantly within the county. For instance, Aline has the highest median tax bill at $990, whereas Freedom has the lowest at $389. These differences impact homeowners by influencing their overall housing costs and potentially affecting decisions about buying or selling property. Understanding these factors is crucial for homeowners to effectively manage their financial responsibilities in Woods County.

Property Tax Bills Across Woods County, Oklahoma

Source: Ownwell

$389

$690

$990

Median Woods County Tax Bill

$565

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Woods County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Aline	$269	$490	$990	$1,226	$1,818
Alva	$207	$345	$624	$1,074	$1,717
Carmen	$347	$474	$566	$1,238	$1,564
Dacoma	$186	$273	$469	$685	$1,064
Freedom	$138	$221	$389	$661	$1,148
Waynoka	$120	$216	$398	$815	$1,524
Capron	N/A	N/A	N/A	N/A	N/A
Cleo Springs	N/A	N/A	N/A	N/A	N/A
Hopeton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell