74827 Property Tax Rate

Property owners in ZIP code 74827 (Atwood, Oklahoma) pay a median of $836/year in property taxes on homes valued at $195,800. This translates to an effective tax rate of 0.43%, which is 35% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74827 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Hughes County.

Compared to similar ZIP codes in Oklahoma, 74827 has higher property taxes. ZIP codes with similar effective rates include 74824 (0.43%) and 74556 (0.43%).

In Atwood, property taxes represent approximately 1.7% of the median household income of $50,625, 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 fair market value when you purchase or during Hughes County's periodic reappraisal. Hughes County offers a Homestead Exemption for primary residences that reduces taxable value; submit your application to the Hughes County Assessor. Contact the Hughes County Assessor's office within the first 30 days of ownership to file your homestead exemption and request documentation of the exemption amount applied to your property.