Washington County, OK Property Tax Search
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In-depth Washington County, OK Property Tax Information
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Property Tax Calculation
Section X of the Oklahoma's State Constitution represents the main legal document regarding taxation in the State of Oklahoma. Property taxes are determined at local levels, being used for schools, fire and police protection, and other public services and benefits.
Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
| Land value | $60,000 | ||||||
| Improvement value | + | $785,545 | |||||
| Market value | = | $845,545 | |||||
Taxable Value
Taxable value results from the application of State Question 676, passed in 1996. This act amends Article 10 of the Oklahoma Constitution and adds section 8B. In short, it limits the fair cash value of real property, for property tax purposes. The fair cash value would not increase by more than 5% in any taxable year.
| Capped Land value | $60,000 | ||||||
| Capped Improvement value | + | $785,545 | |||||
| Taxable value - capped | = | $845,545 | |||||
Gross Assessed Value
Washington County Assessor is also responsible for establishing the assessed value of properties. Assessed value is calculated by multiplying taxable market value with assessment ratio, which, currently is 12%.
| Assessed land value | $7,200 | ||||||
| Assessed improvement value | + | $94,265 | |||||
| Gross assessed value | = | $101,465 | |||||
Exemptions and Net Assessed Value
Net assessed value represents the gross assessed value less any tax exemptions that apply. Exemptions like homestead exemption and veteran's exemption are available in Washington County, which may lower the property's tax bill.
We have no information about whether any exemptions currently apply to this property. Therefore, the net assessed value will be equal to the gross assessed value.
Property tax is calculated by multiplying the property's assessed value by the total millage rates applicable to it and is an estimate of what an owner not benefiting from any exemptions would pay.
The rates are expressed as millages (i.e the actual rates multiplied by 1000).
| Tax description | Assessed value | Millage rate | Tax amount | ||
|---|---|---|---|---|---|
| County Health Fund | $101,465 | x | 2.6100 | = | $264.82 |
| 4-Mill General Fund | $101,465 | x | 4.1700 | = | $423.11 |
| School District Buildng Fund | $101,465 | x | 5.2100 | = | $528.63 |
| Vo-Tech Buildng Fund | $101,465 | x | 5.2200 | = | $529.65 |
| County General Fund | $101,465 | x | 10.4400 | = | $1,059.29 |
| Vo-Tech General Fund | $101,465 | x | 10.4400 | = | $1,059.29 |
| City Sinking Fund | $101,465 | x | 14.8400 | = | $1,505.74 |
| School District Sinking Fund | $101,465 | x | 30.3700 | = | $3,081.49 |
| School District General Fund | $101,465 | x | 36.4900 | = | $3,702.46 |
| Property tax | $101,465 | x | 119.7900 | = | $12,154 |
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs, staid aid credit and special districts charges. For more information please visit the web pages of Washington County's Assessor, Treasurer or look up property's current valuation and tax situation..
Frequently Asked Questions on Property Taxes
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