HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Woods County
Property Tax Guide

Everything you need to know about property taxes in Woods County, OK. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
0.005% base county rate plus varying school district and municipal assessments (total rates typically 1-2%)
1st Due
Nov 1
2nd Due
Mar 1
Exemptions
5+ Available
Section 1

How Property Tax Works

Woods County, Oklahoma operates under the state's property tax system to fund essential local services including schools, county operations, emergency services, and infrastructure maintenance. Property taxes in Woods County are based on assessed values determined by the County Assessor and rates set by various taxing entities including the county, school districts, municipalities, and special districts.

The effective property tax rate in Woods County is approximately 0.005% for FY 2025-2026, though this represents only a portion of the total tax burden as actual rates vary significantly by location within the county due to additional assessments from school districts, municipal levies, and special taxing districts. Property owners should expect their total effective rate to be higher when all applicable district taxes are combined. Assessment values are based on fair cash value as determined by the County Assessor, with taxes calculated on the net assessed value after any applicable tax credits are applied.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County General Fund0.005%Basic county operations and services
School DistrictsVariesLocal school district operations and bond payments
Municipal LeviesVariesCity/town services (if applicable to property location)
Special DistrictsVariesFire protection, library, rural water, and other special services
Total Effective RateVaries by LocationCombination of all applicable district taxes

Rates shown are for FY 2025-2026 levy year. Your actual tax rate depends on which school district, municipality, and special taxing districts serve your property location. Contact the Woods County Assessor at (580) 327-3119 for location-specific rate information.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Woods County, property taxes are due in two installments:

First Installment
Nov 1
Delinquent after Dec 10
Second Installment
Mar 1
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Woods County may be assessed when there are changes to property ownership, new construction, or improvements that increase assessed value during the tax year. These supplemental assessments are calculated based on the difference between the old and new assessed values, prorated for the remaining months in the tax year.

For example, if you complete a $50,000 home addition in March and your property's assessed value increases accordingly, you would receive a supplemental tax bill covering April through December (9 months) of that tax year. The supplemental amount would be calculated as: (increased assessed value × applicable tax rate × 9/12 months). Supplemental taxes have separate due dates from regular property taxes and must be paid promptly to avoid penalties.

Example Calculation

Example 1: $300,000 Property

  • Market Value: $300,000
  • Assessed Value (11.5%): $34,500
  • Less: Homestead Credit (if applicable): -$1,000
  • Net Taxable Value: $33,500
  • Annual Tax (est. 1.2% total rate): $402
  • Monthly Escrow: $34

Example 2: $600,000 Property

  • Market Value: $600,000
  • Assessed Value (11.5%): $69,000
  • Less: Homestead Credit (if applicable): -$1,000
  • Net Taxable Value: $68,000
  • Annual Tax (est. 1.2% total rate): $816
  • Monthly Escrow: $68

Example 3: $1,000,000 Property

  • Market Value: $1,000,000
  • Assessed Value (11.5%): $115,000
  • Less: Homestead Credit (if applicable): -$1,000
  • Net Taxable Value: $114,000
  • Annual Tax (est. 1.2% total rate): $1,368
  • Monthly Escrow: $114

Note: All tax credits require application and approval. Homestead credit caps assessment increases and must be filed by March 15.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Woods County require property tax escrow accounts to ensure timely payment of property taxes. Your lender collects monthly escrow payments equal to 1/12 of your estimated annual property tax bill, plus insurance premiums. The escrow account pays your property taxes when they become due, typically in installments throughout the year.

Woods County property taxes are due in three installments: first by January 31, second by April 30, and third by July 31. Your lender will make these payments from your escrow account on your behalf. You should receive annual escrow statements showing account activity and any required payment adjustments. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment may be adjusted accordingly. Property owners without mortgages are responsible for making these payments directly to the County Treasurer.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Woods County property taxes due for FY 2025-2026? A: Property taxes are due in three installments: first installment by January 31, second by April 30, and third by July 31.

Q: What tax credits are available and do they require application? A: Yes, all tax credits require application. The primary credit is the Homestead Credit for owner-occupied residences, which must be filed with the County Assessor by March 15. Senior citizens may qualify for additional credits. Contact the Assessor's office for specific applications.

Q: How does the Homestead Credit work? A: The Homestead Credit limits annual assessment increases on your primary residence and provides a small reduction in taxable value. It does NOT reduce market value but caps how much your assessed value can grow each year. You must apply by March 15 annually.

Q: When does the County Assessor update property values? A: Property assessments are typically updated annually based on market conditions. You'll receive a notice of assessed value and have the right to appeal if you disagree with the valuation.

Q: What are the penalties for late property tax payments? A: Late payments incur penalties and interest charges. Contact the Woods County Treasurer at (580) 327-2126 for current penalty rates and payment options.

Q: Can I pay property taxes online? A: Check with the Woods County Treasurer's office for available online payment options and accepted payment methods.

Q: Why do tax rates vary within Woods County? A: Different areas are served by different school districts, municipalities, and special districts (fire, library, etc.), each with their own tax rates that combine for your total rate.

Q: How do I appeal my property assessment? A: Contact the Woods County Assessor's office to understand the appeal process and deadlines. Appeals must typically be filed within specific timeframes after receiving your assessment notice.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Tax Doc
Sales Tax News Release January 2026 - Oklahoma.govoklahoma.gov
02
County
Tax Data Files - Wood County Wisconsinwoodcountywi.gov
03
County
Wood County Auditor: Homepageauditor.co.wood.oh.us
04
County
WOODS COUNTY - Oklahoma Digital Prairiedigitalprairie.ok.gov
05
Tax Doc
Property Tax Paymentwoodcountywi.gov
06
County
Woods County - OK State Auditorsai.ok.gov
07
2026-2027 Form 921 Application for Homestead Exemptionoklahoma.gov
08
Tax Doc
Senate Advances Bill to Provide Property Tax Credit ...oksenate.gov
09
Press Releasessarpy.gov
10
november-2019-990-index.csvirs.gov
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate