74116 Property Tax Rate

Property owners in ZIP code 74116 (Tulsa, Oklahoma) pay a median of $943/year in property taxes on homes valued at $137,500. This translates to an effective tax rate of 0.69%, which is 4% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74116 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Tulsa County.

Compared to similar ZIP codes in Oklahoma, 74116 has lower property taxes. ZIP codes with similar effective rates include 74340 (0.69%) and 73044 (0.69%).

In Tulsa, property taxes represent approximately 1.7% of the median household income of $56,296, 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 purchase price and revalued annually by the Tulsa County Assessor. Homeowners 65+ and disabled residents can apply for a Homestead Exemption reducing assessed value — file your application with the Tulsa County Assessor's office to lower your annual tax bill on this higher-value property. Contact the Tulsa County Assessor within 30 days of closing to submit your exemption application and obtain your property assessment record; verify the exemption appears on your first tax bill.