74631 Property Tax Rate

Property owners in ZIP code 74631 (Blackwell, Oklahoma) pay a median of $499/year in property taxes on homes valued at $77,100. This translates to an effective tax rate of 0.65%, which is near the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74631 is approximately $42, which factors into escrow payments on mortgages. This ZIP code is located within Kay County. This is $493 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74631 has lower property taxes. ZIP codes with similar effective rates include 73647 (0.65%) and 73932 (0.65%).

In Blackwell, property taxes represent approximately 1.0% of the median household income of $50,969, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 74631, 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 Kay County's tax assessor directly.