73547 Property Tax Rate

Property owners in ZIP code 73547 (Granite, Oklahoma) pay a median of $603/year in property taxes on homes valued at $119,200. This translates to an effective tax rate of 0.51%, which is 24% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73547 is approximately $50, which factors into escrow payments on mortgages. This ZIP code is located within Greer County. This is $389 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 73547 has lower property taxes. ZIP codes with similar effective rates include 74535 (0.51%) and 74339 (0.50%).

In Granite, property taxes represent approximately 1.0% of the median household income of $62,500, providing context for the relative tax burden on homeowners in this area.

Oklahoma has no statewide property tax cap; your home will be assessed at full market value at sale and revalued each year by the Greer County Assessor. Oklahoma offers a Homestead Exemption for seniors 65+ and disabled owners that reduces assessed value — apply with the Greer County Assessor's office to determine your eligibility and exemption amount. File for the exemption before the tax roll deadline and request a formal valuation review from the Greer County Assessor if you believe the assessed value is excessive.