73768 Property Tax Rate

Property owners in ZIP code 73768 (Ringwood, Oklahoma) pay a median of $817/year in property taxes on homes valued at $126,000. This translates to an effective tax rate of 0.65%, which is near the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73768 is approximately $68, which factors into escrow payments on mortgages. This ZIP code is located within Major County.

Compared to similar ZIP codes in Oklahoma, 73768 has higher property taxes. ZIP codes with similar effective rates include 73832 (0.65%) and 73932 (0.65%).

In Ringwood, property taxes represent approximately 1.1% of the median household income of $77,697, 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 market value at sale and subject to annual revaluation by the Major County Assessor. Seniors 65+ and disabled homeowners qualify for a Homestead Exemption that reduces assessed value — apply with the Major County Assessor's office to claim this valuable tax relief. Contact the Major County Assessor within 30 days of purchase to confirm your exemption filing and request a copy of your property assessment record.