74022 Property Tax Rate

Property owners in ZIP code 74022 (Copan, Oklahoma) pay a median of $452/year in property taxes on homes valued at $116,200. This translates to an effective tax rate of 0.39%, which is 41% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74022 is approximately $38, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $540 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74022 has lower property taxes. ZIP codes with similar effective rates include 74875 (0.39%) and 73945 (0.39%).

In Copan, property taxes represent approximately 1.0% of the median household income of $44,375, 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 full market value when purchased and subject to annual revaluation by the Washington County Assessor. Seniors 65+ and disabled homeowners qualify for a Homestead Exemption that reduces assessed value — apply with the Washington County Assessor's office to claim this valuable tax relief on your $1,968 annual median bill. Contact the Washington County Assessor within 30 days of closing to file your exemption application and request your formal property assessment record.