Lone Wolf, Washita County, Oklahoma Property Taxes
Median Lone Wolf, OK effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Lone Wolf, OK home value: $103,505
Median annual Lone Wolf, OK tax bill: $697, $1,703 lower than the national median property tax bill of $2,400.
How are property taxes in Washita calculated?
Property taxes in Lone Wolf, 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 Lone Wolf’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lone Wolf, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lone Wolf, Washita County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$693
$644
Ownwell’s Lone Wolf Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lone Wolf with just two data points. By entering your property's estimated assessed value, our calculator applies Lone Wolf’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 Washita County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Lone Wolf, Washita County, Oklahoma
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 Lone Wolf Tax Rate
0.67%
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 Washita County Tax Rate
0.77%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lone Wolf, Washita County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Lone Wolf, Washita County, Oklahoma
When examining property taxes in Lone Wolf, 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 Washita 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 Washita 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 Lone Wolf. For example, the median home price in Lone Wolf is $103,505, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Lone Wolf, Washita County, Oklahoma
Source: Ownwell
$36,170
$120,048
$203,926
Median Lone Wolf Market Value
$103,505
Median Washita County Market Value
$56,348
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lone Wolf, Washita County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Lone Wolf, Washita County, Oklahoma
In Lone Wolf, located in Washita County, OK, property tax bills are determined based on the assessed value of a property, which is derived from its market value. The property tax rate is applied to this assessed value to calculate the tax bill. In Lone Wolf, the median property tax bill is $697, significantly lower than the national median of $2,400. This lower tax bill reflects the region's relatively affordable housing market, with a median home price of $103,505.
Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions. These elements can significantly affect homeowners, as a high assessed value or tax rate can lead to a substantial financial burden.
Ownwell assists homeowners in Lone Wolf by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help reduce the assessed value, ultimately lowering the tax bill. This service offers homeowners a valuable opportunity to save money and ensure they are not overpaying on their property taxes.
Median Lone Wolf Tax Bill
$697
Median Washita County Tax Bill
$399
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Lone Wolf, Washita County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell