74948 Property Tax Rate

Property owners in ZIP code 74948 (Muldrow, Oklahoma) pay a median of $627/year in property taxes on homes valued at $120,200. This translates to an effective tax rate of 0.52%, which is 21% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 74948 is approximately $52, which factors into escrow payments on mortgages. This ZIP code is located within Sequoyah County. This is $365 less than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 74948 has lower property taxes. ZIP codes with similar effective rates include 73058 (0.52%) and 74427 (0.52%).

In Muldrow, property taxes represent approximately 1.3% of the median household income of $47,074, 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 at purchase or during Sequoyah County's general reappraisal. Sequoyah County offers a Homestead Exemption for primary residences that lowers your assessed value; submit your application to the Sequoyah County Assessor. Contact the Sequoyah County Assessor's office immediately after closing to file your homestead exemption and request documentation of the exemption amount.