73931 Property Tax Rate

Property owners in ZIP code 73931 (Balko, Oklahoma) pay a median of $1,266/year in property taxes on homes valued at $87,200. This translates to an effective tax rate of 1.45%, which is 119% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73931 is approximately $106, which factors into escrow payments on mortgages. This ZIP code is located within Beaver County. This is $274 more than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 73931 has higher property taxes. ZIP codes with similar effective rates include 73539 (1.24%) and 74145 (1.17%).

In Balko, property taxes represent approximately 2.8% of the median household income of $44,423, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 73931, 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 Beaver County's tax assessor directly.