Alva, Woods County, Oklahoma Property Taxes

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

Median ALVA, OK effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median ALVA, OK home value: $94,463
Median annual ALVA, OK tax bill: $624, $1,776 lower than the national median property tax bill of $2,400.

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$690

$640

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 Woods County.

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

Property Tax Rates Across Alva, Woods County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process. In Alva, located in Woods County, Oklahoma, the effective property tax rate is notably below the national median of 1.02%. This makes it an attractive area for property owners seeking lower tax burdens. Despite Oklahoma's median tax rate being lower than the national average, it's important to note that rates can still vary within the state. Alva's tax rate reflects the state's overall trend of maintaining lower property tax rates, which can be beneficial for homeowners looking for affordability. By understanding these rates, property owners in Alva can make informed decisions about their investments and potential savings. Comparing Alva’s effective property tax rate to other cities in Oklahoma and the U.S. provides valuable insight into the local tax landscape.

Property Tax Rates Across Alva, Woods County, Oklahoma

Source: Ownwell

0.37%

0.56%

0.75%

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

0.73%

Median Effective Woods County Tax Rate

0.70%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alva, Woods County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73717	0.35%	0.52%	0.73%	0.84%	0.86%

Source: Ownwell

Property Tax Assessment Values Across Alva, Woods County, Oklahoma

When examining property taxes in Alva, 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 Woods 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 Woods 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 $94,463, with tax bills ranging significantly across the county. ZIP code 73717 has the highest median home price at $94,463.

Property Tax Assessment Values Across Alva, Woods County, Oklahoma

Source: Ownwell

$54,915

$119,683

$184,451

Median Alva Market Value

$94,463

Median Woods County Market Value

$89,049

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alva, Woods County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73717	$43,079	$62,248	$94,463	$148,808	$229,040

Source: Ownwell

Property Tax Bills Across Alva, Woods County, Oklahoma

In Alva, located in Woods County, OK, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which in Alva is influenced by factors such as location, property size, and market conditions. Homeowners in Alva experience varying tax bills, with amounts ranging from $345 at the 25th percentile to $1,717 at the 90th percentile, with a median tax bill of $624. This is significantly lower than the national median property tax bill of $2,400, reflecting a more affordable property tax environment in Alva. However, even with lower tax bills, homeowners can benefit from ensuring their assessments are accurate. Ownwell assists homeowners by identifying potential errors or overvaluations in property assessments, potentially lowering tax liabilities. By leveraging expertise in property tax appeals and exemptions, Ownwell provides valuable support, helping homeowners save on their property tax bills while ensuring they are not overpaying.

Property Tax Bills Across Alva, Woods County, Oklahoma

Source: Ownwell

$389

$690

$990

Median Alva Tax Bill

$624

Median Woods County Tax Bill

$565

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Alva, Woods County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73717	$207	$345	$624	$1,074	$1,717

Source: Ownwell