74538 Property Tax Rate

Property owners in ZIP code 74538 (Coalgate, Oklahoma) pay a median of $570/year in property taxes on homes valued at $93,800. This translates to an effective tax rate of 0.61%, which is 8% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74538 is approximately $48, which factors into escrow payments on mortgages. This ZIP code is located within Coal County. This is $422 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74538 has higher property taxes. ZIP codes with similar effective rates include 73664 (0.61%) and 74560 (0.61%).

In Coalgate, property taxes represent approximately 1.2% of the median household income of $48,824, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 74538, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Coal County's tax assessor directly.