74340 Property Tax Rate

Property owners in ZIP code 74340 (Disney, Oklahoma) pay a median of $1,132/year in property taxes on homes valued at $165,000. 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 74340 is approximately $94, which factors into escrow payments on mortgages. This ZIP code is located within Mayes County.

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

In Disney, property taxes represent approximately 2.4% of the median household income of $46,667, 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 when you buy or during Mayes County's general reappraisal. Mayes County provides a Homestead Exemption for owner-occupants of primary residences that reduces assessed value; apply with the Mayes County Assessor. File your homestead exemption application with the Mayes County Assessor within 30 days of closing to ensure the exemption is applied to your assessment.