74081 Property Tax Rate

Property owners in ZIP code 74081 (Terlton, Oklahoma) pay a median of $768/year in property taxes on homes valued at $116,200. 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 74081 is approximately $64, which factors into escrow payments on mortgages. This ZIP code is located within Pawnee County. This is $224 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74081 has lower property taxes. ZIP codes with similar effective rates include 73055 (0.66%) and 74820 (0.66%).

In Terlton, property taxes represent approximately 1.5% of the median household income of $50,650, 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 at transfer or during county reappraisal cycles. Pawnee County provides a Homestead Exemption for owner-occupied primary residences that lowers your assessed value; submit your application to the Pawnee County Assessor's office. Contact the Pawnee County Assessor's office before or immediately after closing to file your homestead exemption and obtain documentation of the exemption amount applied to your assessment.