74051 Property Tax Rate

Property owners in ZIP code 74051 (Ochelata, Oklahoma) pay a median of $1,023/year in property taxes on homes valued at $151,700. This translates to an effective tax rate of 0.67%, which is near the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74051 is approximately $85, which factors into escrow payments on mortgages. This ZIP code is located within Washington County.

Compared to similar ZIP codes in Oklahoma, 74051 has lower property taxes. ZIP codes with similar effective rates include 74953 (0.67%) and 74058 (0.68%).

In Ochelata, property taxes represent approximately 1.7% of the median household income of $61,500, 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.