73531 Property Tax Rate

Property owners in ZIP code 73531 (Devol, Oklahoma) pay a median of $1,150/year in property taxes on homes valued at $162,500. This translates to an effective tax rate of 0.71%, which is 7% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73531 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Cotton County.

Compared to similar ZIP codes in Oklahoma, 73531 has higher property taxes. ZIP codes with similar effective rates include 74036 (0.71%) and 73733 (0.71%).

In Devol, property taxes represent approximately 1.5% of the median household income of $75,625, providing context for the relative tax burden on homeowners in this area.

Cotton County assessments are based on fair market value appraisal with no purchase-price freeze — expect the Cotton County Assessor to value your home annually. Apply for the Homestead Exemption or Senior Exemption with the Cotton County Assessor to reduce your taxable assessed value. File exemption paperwork within 30 days of closing and contact the Cotton County Assessor to confirm your property record and eligibility for relief programs.