73644 Property Tax Rate

Property owners in ZIP code 73644 (Elk City, Oklahoma) pay a median of $1,502/year in property taxes on homes valued at $167,300. This translates to an effective tax rate of 0.90%, which is 36% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73644 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Beckham County. This is $510 more than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 73644 has lower property taxes. ZIP codes with similar effective rates include 73119 (0.90%) and 73102 (0.90%).

In Elk City, property taxes represent approximately 2.9% of the median household income of $51,774, providing context for the relative tax burden on homeowners in this area.

Oklahoma has no statewide property tax cap; your purchase price becomes the new assessed value, subject to annual revaluation by the Beckham County Assessor. Homeowners 65+ and disabled residents can apply for a Homestead Exemption that reduces the assessed value — contact the Beckham County Assessor's office to file your application and confirm your eligibility. Obtain your property assessment notice from the Beckham County Assessor shortly after closing and appeal if you dispute the valuation.