74074 Property Tax Rate

Property owners in ZIP code 74074 (Stillwater, Oklahoma) pay a median of $2,291/year in property taxes on homes valued at $247,300. This translates to an effective tax rate of 0.93%, which is 40% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74074 is approximately $191, which factors into escrow payments on mortgages. This ZIP code is located within Payne County. This is $1,299 more than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74074 has lower property taxes. ZIP codes with similar effective rates include 74075 (0.92%) and 73642 (0.93%).

In Stillwater, property taxes represent approximately 4.6% of the median household income of $50,245, 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.