Waurika, Jefferson County, Oklahoma Property Taxes

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

Median Waurika, OK effective property tax rate: 1.02%, on par with the national median of 1.02%, but higher than the Oklahoma state median of 0.97%.
Median Waurika, OK home value: $41,364
Median annual Waurika, OK tax bill: $384, $2,016 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Waurika, Jefferson County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$422

$392

Ownwell’s Waurika Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waurika with just two data points.

By entering your property's estimated assessed value, our calculator applies Waurika’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 Jefferson County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waurika, Jefferson County, Oklahoma

Local government entities determine property tax rates, which can differ significantly across Oklahoma. This variation is due to the process where each county, such as Jefferson County, calculates its annual budget needs for public services and then divides this by the total assessed value of all taxable properties within its boundaries. This division helps establish the property tax rate for the area. Although votes and legislation play roles in defining these rates and budgets, this is essentially the yearly procedure.

You can compare Waurika’s effective property tax rate with those of other cities in Oklahoma, as well as the median property tax rates in Oklahoma and the United States. Waurika, located in Jefferson County, reflects the state’s property tax dynamics. The median property tax rate in Oklahoma aligns with the national median, offering a point of reference for understanding local tax obligations. This comparison can help property owners in Waurika gauge their tax responsibilities against state and national averages, providing a clearer picture of their financial commitments.

Property Tax Rates Across Waurika, Jefferson County, Oklahoma

Source: Ownwell

0.65%

0.83%

1.02%

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 Waurika Tax Rate

1.02%

Median Effective Jefferson County Tax Rate

0.93%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waurika, Jefferson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73573	0.69%	0.89%	1.02%	1.08%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Waurika, Jefferson County, Oklahoma

When examining property taxes in Waurika, OK, 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 Jefferson County Appraisal District 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 Jefferson 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 Waurika. For example, the median home price in Waurika is $41,364, with tax bills ranging significantly across the county. 73573 has the highest median home price at $41,364.

Property Tax Assessment Values Across Waurika, Jefferson County, Oklahoma

Source: Ownwell

$33,098

$53,306

$73,514

Median Waurika Market Value

$41,364

Median Jefferson County Market Value

$43,058

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waurika, Jefferson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73573	$11,940	$20,584	$41,364	$68,411	$131,676

Source: Ownwell

Property Tax Bills Across Waurika, Jefferson County, Oklahoma

In Waurika, located in Jefferson County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The assessed value is a percentage of the property's market value. Homeowners in Waurika can expect a median property tax bill of $384, which is significantly lower than the national median of $2,400. This is reflective of the area's median home price of $41,364. Factors like property improvements and location can influence the assessed value, impacting the final tax bill. For homeowners, understanding these factors is crucial as they directly affect how much they pay in property taxes annually. Ownwell specializes in helping homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging local expertise and data-driven insights, Ownwell can assist homeowners in ensuring they are not overpaying on their property taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Waurika, Jefferson County, Oklahoma

Source: Ownwell

$262

$424

$586

Median Waurika Tax Bill

$384

Median Jefferson County Tax Bill

$362

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Waurika, Jefferson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73573	$104	$196	$384	$657	$1,261

Source: Ownwell