73642 Property Tax Rate

Property owners in ZIP code 73642 (Durham, Oklahoma) pay a median of $578/year in property taxes on homes valued at $62,000. This translates to an effective tax rate of 0.93%, which is 41% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73642 is approximately $48, which factors into escrow payments on mortgages. This ZIP code is located within Roger Mills County. This is $414 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 73642 has lower property taxes. ZIP codes with similar effective rates include 73840 (0.93%) and 73501 (0.93%).

In Durham, property taxes represent approximately 0.9% of the median household income of $61,250, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 73642, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Roger Mills County's tax assessor directly.