73860 Property Tax Rate

Property owners in ZIP code 73860 (Waynoka, Oklahoma) pay a median of $717/year in property taxes on homes valued at $134,500. This translates to an effective tax rate of 0.53%, which is 19% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73860 is approximately $60, which factors into escrow payments on mortgages. This ZIP code is located within Woods County. This is $275 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 73860 has lower property taxes. ZIP codes with similar effective rates include 73761 (0.53%) and 74331 (0.53%).

In Waynoka, property taxes represent approximately 1.1% of the median household income of $67,692, 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.