73004 Property Tax Rate

Property owners in ZIP code 73004 (Amber, Oklahoma) pay a median of $1,128/year in property taxes on homes valued at $160,400. This translates to an effective tax rate of 0.70%, which is 6% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73004 is approximately $94, which factors into escrow payments on mortgages. This ZIP code is located within Grady County.

Compared to similar ZIP codes in Oklahoma, 73004 has higher property taxes. ZIP codes with similar effective rates include 74434 (0.70%) and 73105 (0.70%).

In Amber, property taxes represent approximately 1.4% of the median household income of $80,625, providing context for the relative tax burden on homeowners in this area.

Oklahoma reassesses properties at fair market value upon sale; there is no state cap on assessment increases for new owners, though local districts may freeze taxes on existing homesteads under the Homestead Property Tax Exemption if filed. Grady County offers a Homestead Exemption ($1,000 off assessed value) and Senior exemptions for qualifying applicants age 65+ — file with the Grady County Assessor's office before the annual deadline. Contact the Grady County Assessor within 30 days of closing to determine your exemption eligibility and submit required documentation.