Minco, Grady County, Oklahoma Property Taxes

Name: Property Tax Bills Across Minco, Grady County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median MINCO, OK effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Oklahoma state median of 0.97%.
Median MINCO, OK home value: $95,452
Median annual MINCO, OK tax bill: $875, $1,525 lower than the national median property tax bill of $2,400.

How are property taxes in Grady County calculated?

Property taxes in MINCO, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding MINCO’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MINCO, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Minco, Grady County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$935

$868

Ownwell’s Minco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Minco with just two data points. By entering your property's estimated assessed value, our calculator applies Minco’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grady County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Minco, Grady County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. The reason is that each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Below, you can compare Minco’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S. Minco, located in Grady County, has a median property tax rate of 0.98%, which aligns with the highest and lowest rates in the area. This rate is slightly below the national median property tax rate of 1.02%. When considering property tax bills, Minco offers a more favorable rate compared to the national median property tax bill of $2400. This makes Minco an attractive option for property owners looking for lower property tax rates while still enjoying the benefits of local services.

Property Tax Rates Across Minco, Grady County, Oklahoma

Source: Ownwell

0.74%

0.94%

1.13%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Minco Tax Rate

0.98%

Median Effective Grady County Tax Rate

1.03%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Minco, Grady County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73059	0.49%	0.73%	0.98%	1.11%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Minco, Grady County, Oklahoma

When examining property taxes in Minco, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Grady County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Grady County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Minco. For example, the median home price in Minco is $95,452, with tax bills ranging significantly across the county. 73059 has the highest median home price at $95,452.

Property Tax Assessment Values Across Minco, Grady County, Oklahoma

Source: Ownwell

$61,941

$135,272

$208,602

Median Minco Market Value

$95,452

Median Grady County Market Value

$126,704

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Minco, Grady County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73059	$40,669	$58,662	$95,452	$167,296	$245,160

Source: Ownwell

Property Tax Bills Across Minco, Grady County, Oklahoma

In Minco, located in Grady County, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Minco is $95,452. Homeowners in this area experience property tax bills that can vary significantly, with the 25th percentile at $507 and the 75th percentile reaching $1,460. The 90th percentile tax bill is $2,351, which is still below the national median property tax bill of $2,400. Property tax rates in Minco are influenced by local government budgets and the needs of public services such as schools and infrastructure. Homeowners may find these costs burdensome, especially when they exceed expectations. Ownwell offers services to help homeowners in Minco reduce their property tax bills by providing expert guidance on appeals and exemptions. By leveraging Ownwell's expertise, homeowners can ensure their tax assessments are fair, potentially saving them money and reducing their financial burden.

Property Tax Bills Across Minco, Grady County, Oklahoma

Source: Ownwell

$482

$1,416

$2,349

Median Minco Tax Bill

$875

Median Grady County Tax Bill

$1,186

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Minco, Grady County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73059	$308	$507	$875	$1,460	$2,351

Source: Ownwell