74344 Property Tax Rate

Property owners in ZIP code 74344 (Grove, Oklahoma) pay a median of $1,514/year in property taxes on homes valued at $207,200. This translates to an effective tax rate of 0.73%, which is 10% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74344 is approximately $126, which factors into escrow payments on mortgages. This ZIP code is located within Delaware County. This is $522 more than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74344 has higher property taxes. ZIP codes with similar effective rates include 74365 (0.73%) and 74604 (0.73%).

In Grove, property taxes represent approximately 2.7% of the median household income of $56,644, 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 fair market value upon transfer or during Delaware County's reappraisal cycle. Delaware County offers a Homestead Exemption for primary residences that lowers your assessed value; submit your application to the Delaware County Assessor. Register your homestead exemption with the Delaware County Assessor's office immediately after purchase and request a copy of your assessment to verify the exemption is correctly applied.