73717 Property Tax Rate

Property owners in ZIP code 73717 (Alva, Oklahoma) pay a median of $890/year in property taxes on homes valued at $142,500. This translates to an effective tax rate of 0.62%, which is 6% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73717 is approximately $74, which factors into escrow payments on mortgages. This ZIP code is located within Woods County.

Compared to similar ZIP codes in Oklahoma, 73717 has lower property taxes. ZIP codes with similar effective rates include 74834 (0.63%) and 74830 (0.62%).

In Alva, property taxes represent approximately 1.9% of the median household income of $45,972, providing context for the relative tax burden on homeowners in this area.

Oklahoma has no statewide property tax cap; your property will be assessed at full market value when purchased and revalued each year by the Woods County Assessor. Oklahoma's Homestead Exemption for seniors 65+ and disabled owners reduces assessed value — apply with the Woods County Assessor to verify your eligibility and receive your exemption. Request your formal property assessment from the Woods County Assessor after closing and file a protest if the valuation exceeds fair market value.