The State of Oklahoma works on a system based on an assessment ratios. For Woodward County, the assessment ratio used is 11%. That means that property taxes are only applied to 11% of the property's market value. For example, if you pay $100,000 for a home, the assessed value is $11,000. The assessed value is the amount to which the property tax is applied. Property tax is expressed in levies, which vary by school district and can fluctuate annually depending on bond issues and other factors. Each year's levies are certified by the Board of County Commissioners in October. The Woodward I1-A School District 2019 levy was 89.28. One levy is applied for each $1,000 of assessed value. So the estimated 2019 property taxes for a $100,000 home are $982.08. 

Nearly 80% of revenue generated from county property taxes goes to public education. This included both K-12 school districts and Vocational-Technical Schools. The remaining 20% is used for county general administration, county emergency medical services, and the county health department.