73801 Property Tax Rate

Property owners in ZIP code 73801 (Woodward, Oklahoma) pay a median of $1,184/year in property taxes on homes valued at $178,700. This translates to an effective tax rate of 0.66%, which is near the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73801 is approximately $99, which factors into escrow payments on mortgages. This ZIP code is located within Woodward County.

Compared to similar ZIP codes in Oklahoma, 73801 has lower property taxes. ZIP codes with similar effective rates include 73937 (0.66%) and 74447 (0.66%).

In Woodward, property taxes represent approximately 1.8% of the median household income of $65,454, providing context for the relative tax burden on homeowners in this area.

Oklahoma has no statewide property tax cap; your home will be assessed at market value at purchase and revalued annually by the Woodward County Assessor. Homeowners 65+ and disabled residents can file for a Homestead Exemption that reduces assessed value — apply with the Woodward County Assessor to verify your eligibility and receive your exemption amount. Request your property assessment from the Woodward County Assessor after closing and appeal the valuation if it exceeds comparable sales in your area.