74427 Property Tax Rate

Property owners in ZIP code 74427 (Cookson, Oklahoma) pay a median of $620/year in property taxes on homes valued at $118,800. This translates to an effective tax rate of 0.52%, which is 21% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74427 is approximately $52, which factors into escrow payments on mortgages. This ZIP code is located within Cherokee County. This is $372 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74427 has higher property taxes. ZIP codes with similar effective rates include 73058 (0.52%) and 74948 (0.52%).

In Cookson, property taxes represent approximately 1.0% of the median household income of $62,917, 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 upon transfer or during Cherokee County's reappraisal cycle. Cherokee County provides a Homestead Exemption for owner-occupied primary residences that reduces assessed value; apply through the Cherokee County Assessor. File your homestead exemption claim with the Cherokee County Assessor within 30 days of closing to secure the exemption and confirm its application to your assessment.