74831 Property Tax Rate

Property owners in ZIP code 74831 (Byars, Oklahoma) pay a median of $560/year in property taxes on homes valued at $120,500. This translates to an effective tax rate of 0.46%, which is 30% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74831 is approximately $47, which factors into escrow payments on mortgages. This ZIP code is located within McClain County. This is $432 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74831 has lower property taxes. ZIP codes with similar effective rates include 74346 (0.46%) and 74370 (0.47%).

In Byars, property taxes represent approximately 1.0% of the median household income of $55,833, providing context for the relative tax burden on homeowners in this area.

McClain County assessments are determined by fair market value appraisal with no purchase-price freeze — expect the county assessor to value your property at current market rates. Homeowners and seniors in McClain County should apply for the Homestead Exemption or Senior Exemption with the McClain County Assessor to lower taxable value. File exemption applications within 30 days of purchase and request a property assessment review to ensure accuracy.