74875 Property Tax Rate

Property owners in ZIP code 74875 (Tryon, Oklahoma) pay a median of $705/year in property taxes on homes valued at $183,000. This translates to an effective tax rate of 0.39%, which is 42% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74875 is approximately $59, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $287 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74875 has higher property taxes. ZIP codes with similar effective rates include 74022 (0.39%) and 73739 (0.38%).

In Tryon, property taxes represent approximately 1.1% of the median household income of $63,819, 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 when you purchase or during the county's periodic reappraisal. Lincoln County offers a Homestead Exemption available to owner-occupants of primary residences; apply with the Lincoln County Assessor to claim this exemption. Register your homestead exemption with the Lincoln County Assessor's office right after closing and request a written statement of the exemption value for your records.