74016 Property Tax Rate

Property owners in ZIP code 74016 (Chelsea, Oklahoma) pay a median of $801/year in property taxes on homes valued at $114,700. This translates to an effective tax rate of 0.70%, which is 6% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74016 is approximately $67, which factors into escrow payments on mortgages. This ZIP code is located within Rogers County.

Compared to similar ZIP codes in Oklahoma, 74016 has higher property taxes. ZIP codes with similar effective rates include 73550 (0.70%) and 73655 (0.70%).

In Chelsea, property taxes represent approximately 1.3% of the median household income of $59,701, providing context for the relative tax burden on homeowners in this area.

Oklahoma does not cap assessment increases at sale or for existing owners — your property will be reassessed to current market value whenever it transfers or when the county conducts a general reappraisal. Rogers County offers a Homestead Exemption for primary residences that reduces assessed value; apply with the Rogers County Assessor's office to secure this benefit. File your homestead exemption claim with the Rogers County Assessor within the first tax year of ownership and request written confirmation of your exemption amount.