Fargo, Woodward County, Oklahoma Property Taxes
Median Fargo, OK effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Fargo, OK home value: $126,133
Median annual Fargo, OK tax bill: $711, $1,689 lower than the national median property tax bill of $2,400.
How are property taxes in Woodward calculated?
Property taxes in Fargo, 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 Fargo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fargo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fargo, Woodward County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$669
$620
Property Tax Rates Across Fargo, Woodward 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 Fargo Tax Rate
0.53%
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 Woodward County Tax Rate
0.75%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fargo, Woodward County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73840 | 0.35% | 0.47% | 0.53% | 0.77% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Fargo, Woodward County, Oklahoma
When examining property taxes in Fargo, 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 Woodward 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.
Assessment notices: In Woodward 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 Fargo.
For example, the median home price in Fargo is $126,133, with tax bills ranging significantly across the county. Zip code 73840 has the highest median home price at $126,133.
Property Tax Assessment Values Across Fargo, Woodward County, Oklahoma
Source: Ownwell
$50,630
$98,804
$146,978
Median Fargo Market Value
$126,133
Median Woodward County Market Value
$96,888
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fargo, Woodward County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73840 | $69,715 | $100,823 | $126,133 | $179,175 | $213,369 |
Source: Ownwell
Property Tax Bills Across Fargo, Woodward County, Oklahoma
In Fargo, property tax bills are a crucial aspect of homeownership. The tax bill is determined by the assessed value of the property and the local tax rate. With a median home price of $126,133, homeowners in Woodward County can expect a tax bill significantly lower than the national median of $2,400. In fact, the median property tax bill here is $711, which is well below the national average, reflecting the region's lower property tax rate. Factors like property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners may find their tax bills vary, with the 25th percentile at $546 and the 75th percentile at $1,017.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging our expertise, homeowners can potentially lower their tax bills, ensuring they pay only their fair share. Our dedicated team works diligently to identify savings opportunities, helping homeowners in Fargo navigate the complexities of property tax assessments and appeals with ease.
Median Fargo Tax Bill
$711
Median Woodward County Tax Bill
$683
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Fargo, Woodward County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73840 | $306 | $546 | $711 | $1,017 | $1,343 |
Source: Ownwell
