Waurika, Stephens County, Oklahoma Property Taxes

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

Median Waurika, OK effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%. Median Waurika, OK home value: $84,232. Median annual Waurika, OK tax bill: $569, $1,831 lower than the national median property tax bill of $2,400.

How are property taxes in Stephens 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, Stephens County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$598

$555

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

Property Tax Rates Across Waurika, Stephens County, Oklahoma

Local government entities in Oklahoma, such as in Waurika, play a crucial role in setting property tax rates, which can vary significantly within the state. Each county, like Stephens County, annually estimates the budget needed to provide essential services. This budget is then divided by the total value of all taxable properties within the county's jurisdiction, resulting in the property tax rate. While votes and laws influence the setting of these rates and budgets, this process essentially determines the annual property tax rate. In Waurika, the effective property tax rate can be compared to other cities within Oklahoma, as well as to the median property tax rates in Oklahoma and across the United States. Oklahoma's median property tax rate is notably lower than the national median of 1.02%. This comparison highlights how property taxes in Waurika align with state and national trends, offering a perspective on local taxation within the broader context of property tax rates nationwide.

Property Tax Rates Across Waurika, Stephens County, Oklahoma

Source: Ownwell

0.71%

0.81%

0.90%

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

0.71%

Median Effective Stephens County Tax Rate

0.81%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waurika, Stephens County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73573	0.46%	0.65%	0.71%	0.77%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Waurika, Stephens County, Oklahoma

When examining property taxes in Waurika, 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 Stephens 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 Stephens 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 $84,232, with tax bills ranging significantly across the county. Zip code 73573 has the highest median home price at $84,232.

Property Tax Assessment Values Across Waurika, Stephens County, Oklahoma

Source: Ownwell

$61,393

$83,240

$105,087

Median Waurika Market Value

$84,232

Median Stephens County Market Value

$86,689

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waurika, Stephens County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73573	$38,972	$60,846	$84,232	$100,506	$184,451

Source: Ownwell

Property Tax Bills Across Waurika, Stephens County, Oklahoma

In Waurika, located in Stephens County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Waurika, the median property tax bill is $569, significantly lower than the national median of $2400. Factors such as property size, location, and improvements can influence the assessed value, thereby impacting the tax bill. Homeowners in Waurika may find themselves at the 25th percentile with a tax bill of $360 or at the 90th percentile with a bill of $1422, depending on these factors.

Ownwell assists homeowners by identifying potential errors in property assessments and exploring applicable exemptions, which can lead to significant savings. By leveraging expert knowledge and local insights, Ownwell helps ensure that homeowners in Waurika are not overpaying on their property taxes, providing peace of mind and financial relief.

Property Tax Bills Across Waurika, Stephens County, Oklahoma

Source: Ownwell

$441

$665

$889

Median Waurika Tax Bill

$569

Median Stephens County Tax Bill

$664

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Waurika, Stephens County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73573	$274	$360	$569	$790	$1,422

Source: Ownwell