73949 Property Tax Rate

Property owners in ZIP code 73949 (Texhoma, Oklahoma) pay a median of $1,036/year in property taxes on homes valued at $156,700. This translates to an effective tax rate of 0.66%, which is near the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73949 is approximately $86, which factors into escrow payments on mortgages. This ZIP code is located within Texas County.

Compared to similar ZIP codes in Oklahoma, 73949 has higher property taxes. ZIP codes with similar effective rates include 73055 (0.66%) and 74820 (0.66%).

In Texhoma, property taxes represent approximately 1.3% of the median household income of $80,341, 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 purchase price and subject to annual revaluation by the Texas County Assessor. Seniors 65+ and disabled homeowners qualify for a Homestead Exemption reducing assessed value — apply with the Texas County Assessor's office to claim this tax relief and lower your annual bill. Contact the Texas County Assessor within 30 days of closing to file your exemption application and obtain your formal property assessment record.