74363 Property Tax Rate

Property owners in ZIP code 74363 (Quapaw, Oklahoma) pay a median of $560/year in property taxes on homes valued at $112,700. This translates to an effective tax rate of 0.50%, which is 25% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74363 is approximately $47, which factors into escrow payments on mortgages. This ZIP code is located within Ottawa County. This is $432 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74363 has higher property taxes. ZIP codes with similar effective rates include 73731 (0.50%) and 73756 (0.50%).

In Quapaw, property taxes represent approximately 1.0% of the median household income of $54,741, 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.