74354 Property Tax Rate

Property owners in ZIP code 74354 (Miami, Oklahoma) pay a median of $814/year in property taxes on homes valued at $120,200. This translates to an effective tax rate of 0.68%, which is near the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74354 is approximately $68, which factors into escrow payments on mortgages. This ZIP code is located within Ottawa County.

Compared to similar ZIP codes in Oklahoma, 74354 has higher property taxes. ZIP codes with similar effective rates include 73942 (0.68%) and 74733 (0.68%).

In Miami, property taxes represent approximately 1.6% of the median household income of $49,668, 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 purchased or during Ottawa County's general reappraisal. Ottawa County provides a Homestead Exemption for owner-occupied primary residences that reduces taxable value; apply through the Ottawa County Assessor. File your homestead exemption claim with the Ottawa County Assessor before your first tax bill arrives to secure the exemption and confirm it in writing.