Woodward County, Oklahoma Property Taxes

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

Median Woodward County effective property tax rate: 0.75%, significantly lower than the national median of 1.02%.
Median Woodward County home value: $96,888
Median annual Woodward County tax bill: $683, $1,717 lower than the national median property tax bill of $2,400.

How are property taxes in Woodward County calculated?

Property taxes in Woodward 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 Woodward or another part of Woodward County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Woodward County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$727

$674

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

Property Tax Rates Across Woodward County, Oklahoma

Local government entities determine tax rates, which can significantly differ within a state. Each year, counties estimate their budgetary needs for services and divide this by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the basic annual procedure.

You can compare Woodward County's effective property tax rate to other counties in Oklahoma or the U.S. median property tax rate. Woodward County has a median property tax rate of 0.75%, which is below the national median of 1.02%. Within Oklahoma, Woodward has one of the higher median tax rates, with Arnett having the lowest at 0.45%. However, Woodward still remains below the national average, making it relatively affordable in a nationwide context. Understanding these rates is essential for homeowners seeking to manage their property tax expenses effectively.

Property Tax Rates Across Woodward County, Oklahoma

Source: Ownwell

0.45%

0.62%

0.79%

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 Woodward County Tax Rate

0.75%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Woodward County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Arnett	0.33%	0.36%	0.45%	0.56%	0.68%
Chester	0.47%	0.63%	0.77%	0.81%	0.93%
Fargo	0.35%	0.47%	0.53%	0.77%	0.85%
Fort Supply	0.26%	0.38%	0.60%	0.81%	0.81%
Freedom	0.35%	0.50%	0.61%	0.75%	0.85%
Mooreland	0.36%	0.49%	0.65%	0.86%	0.98%
Mutual	0.38%	0.51%	0.66%	0.85%	1.00%
Seiling	N/A	N/A	N/A	N/A	N/A
Sharon	0.39%	0.49%	0.65%	0.84%	0.96%
Vici	0.35%	0.44%	0.58%	0.77%	0.86%
Woodward	0.45%	0.60%	0.79%	0.95%	1.00%

Source: Ownwell

Property Tax Assessment Values Across Woodward County, Oklahoma

When examining property taxes in Woodward 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 Woodward 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. This 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 Woodward County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Woodward County. For example, the median tax bill in Woodward County is $844, with tax bills ranging significantly across the county. Freedom has the highest median home price at $146,978.

Property Tax Assessment Values Across Woodward County, Oklahoma

Source: Ownwell

$50,630

$98,804

$146,978

Median Woodward County Market Value

$96,888

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Woodward County, Oklahoma

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Arnett	$73,171	$95,597	$110,435	$149,454	$305,503
Chester	$56,945	$62,445	$83,737	$164,081	$294,345
Fargo	$69,715	$100,823	$126,133	$179,175	$213,369
Fort Supply	$21,965	$32,930	$50,630	$86,331	$128,037
Freedom	$63,204	$101,958	$146,978	$226,165	$312,701
Mooreland	$40,312	$64,049	$103,349	$151,510	$225,715
Mutual	$48,551	$78,745	$116,664	$180,440	$268,500
Seiling	N/A	N/A	N/A	N/A	N/A
Sharon	$43,029	$69,161	$110,902	$159,884	$233,014
Vici	$60,438	$79,884	$126,064	$199,016	$266,541
Woodward	$34,084	$55,972	$96,184	$153,730	$244,935

Source: Ownwell

Property Tax Bills Across Woodward County, Oklahoma

In Woodward County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. The median home price in Woodward County is $96,888, with homeowners typically experiencing tax bills that range significantly. For instance, the 25th percentile tax bill is $365, while the 75th percentile reaches $1,177, and the 90th percentile can go up to $2,026. This variation indicates that factors such as property location and specific local levies significantly impact the tax amount. Freedom boasts the highest median tax bill at $844, whereas Fort Supply has the lowest at $282. Compared to the national median property tax bill of $2,400, Woodward County's figures are generally lower, offering some financial relief to homeowners. Nevertheless, understanding these factors is crucial for homeowners, as property taxes represent a significant ongoing cost of homeownership.

Property Tax Bills Across Woodward County, Oklahoma

Source: Ownwell

$282

$563

$844

Median Woodward County Tax Bill

$683

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Woodward County, Oklahoma

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Arnett	$290	$372	$479	$828	$1,646
Chester	$326	$490	$724	$955	$2,099
Fargo	$306	$546	$711	$1,017	$1,343
Fort Supply	$96	$162	$282	$520	$756
Freedom	$371	$443	$844	$1,630	$2,122
Mooreland	$203	$343	$623	$1,052	$1,653
Mutual	$274	$449	$720	$1,194	$2,106
Seiling	N/A	N/A	N/A	N/A	N/A
Sharon	$236	$404	$669	$1,052	$1,692
Vici	$308	$412	$722	$1,097	$1,945
Woodward	$204	$376	$714	$1,237	$2,142

Source: Ownwell