74349 Property Tax Rate

Property owners in ZIP code 74349 (Ketchum, Oklahoma) pay a median of $1,323/year in property taxes on homes valued at $250,500. This translates to an effective tax rate of 0.53%, which is 20% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74349 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Craig County. This is $331 more than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74349 has lower property taxes. ZIP codes with similar effective rates include 74540 (0.53%) and 74435 (0.53%).

In Ketchum, property taxes represent approximately 3.1% of the median household income of $42,708, 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 sale or during Craig County's periodic reappraisal cycle. Craig County offers a Homestead Exemption for primary residences that reduces taxable value; submit your application to the Craig County Assessor. Contact the Craig County Assessor's office immediately after purchase to file your homestead exemption and obtain written confirmation of the exemption amount.