74023 Property Tax Rate

Property owners in ZIP code 74023 (Cushing, Oklahoma) pay a median of $887/year in property taxes on homes valued at $134,700. 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 74023 is approximately $74, which factors into escrow payments on mortgages. This ZIP code is located within Payne County.

Compared to similar ZIP codes in Oklahoma, 74023 has lower property taxes. ZIP codes with similar effective rates include 74001 (0.66%) and 74421 (0.66%).

In Cushing, property taxes represent approximately 1.8% of the median household income of $48,859, 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 home will be reassessed to fair market value upon sale or during the county's general reappraisal. Payne County (home to Oklahoma State University's Stillwater campus) offers a Homestead Exemption for primary residences that reduces taxable value; apply through the Payne County Assessor's office. File your homestead exemption application with the Payne County Assessor immediately after purchase to ensure the exemption applies to your first tax bill.