Alva, Alfalfa County, Oklahoma Property Taxes

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

Median ALVA, OK effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median ALVA, OK home value: $113,054
Median annual ALVA, OK tax bill: $1,022, $1,378 lower than the national median property tax bill of $2,400.

How are property taxes in Alfalfa calculated?

Property taxes in ALVA, OK 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 ALVA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ALVA, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Alva, Alfalfa County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$938

$871

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

Property Tax Rates Across Alva, Alfalfa County, Oklahoma

Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget to provide essential services and divides that by the total value of all taxable property within its area. This calculation determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is essentially the process followed each year.

In Alva, located in Alfalfa County, Oklahoma, the effective property tax rate can be compared to other cities in the state and the median property tax rates in both Oklahoma and the U.S. The median property tax rate in Alfalfa County is 0.83%, which aligns with the highest and lowest median tax rates in the area. This rate is notably lower than the national median property tax rate of 1.02%. Homeowners in Alva benefit from this lower rate, potentially resulting in a lower property tax bill compared to the national median of $2,400. This favorable tax environment makes Alva an attractive location for property owners seeking to minimize their property tax expenses.

Property Tax Rates Across Alva, Alfalfa County, Oklahoma

Source: Ownwell

0.71%

0.88%

1.04%

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 Alva Tax Rate

0.83%

Median Effective Alfalfa County Tax Rate

0.87%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alva, Alfalfa County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73717	0.66%	0.74%	0.83%	1.07%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Alva, Alfalfa County, Oklahoma

When examining property taxes in Alva, Oklahoma, 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 Alfalfa 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.

In Alfalfa 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 Alva.

For example, the median home price in Alva is $113,054, with tax bills ranging significantly across the county. ZIP code 73717 has the highest median home price at $113,054.

Property Tax Assessment Values Across Alva, Alfalfa County, Oklahoma

Source: Ownwell

$28,479

$70,767

$113,054

Median Alva Market Value

$113,054

Median Alfalfa County Market Value

$48,960

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alva, Alfalfa County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73717	$36,180	$64,153	$113,054	$200,244	$360,808

Source: Ownwell

Property Tax Bills Across Alva, Alfalfa County, Oklahoma

In Alva, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Alva is $113,054, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as location, property size, and improvements can influence the assessed value, impacting the overall tax bill. In Alfalfa County, the typical property tax bill ranges from $511 at the 25th percentile to $3,346 at the 90th percentile, reflecting the variation in property values and assessments. Compared to the national median property tax bill of $2,400, Alva's rates are relatively modest, with the median tax bill being $1,022. Homeowners in Alva can benefit from Ownwell's property tax appeal and exemption services, which help identify potential savings by ensuring their property is not over-assessed. By leveraging local expertise, Ownwell can assist in reducing property tax liabilities, providing financial relief for homeowners.

Property Tax Bills Across Alva, Alfalfa County, Oklahoma

Source: Ownwell

$214

$618

$1,022

Median Alva Tax Bill

$1,022

Median Alfalfa County Tax Bill

$402

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Alva, Alfalfa County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73717	$214	$511	$1,022	$1,790	$3,346

Source: Ownwell