Ninnekah, Grady County, Oklahoma Property Taxes
The median property tax rate in Ninnekah, OK is 0.95%, slightly below the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Ninnekah at $109,289, the typical annual property tax bill is $978, which is significantly lower than the national median of $2,690. Property taxes in Ninnekah are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ninnekah's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ninnekah or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ninnekah, Grady County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,038
$963
Ownwell’s Ninnekah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ninnekah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ninnekah to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ninnekah, Grady County, Oklahoma
Property taxes in Ninnekah, Oklahoma, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ninnekah is 0.95%, closely aligning with the Oklahoma state median and slightly below the U.S. national median of 0.99%. Local government entities within Ninnekah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ninnekah estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ninnekah's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73067 within Grady County has the highest median property tax rate of 0.95%, while the same zip code also holds the lowest median tax rate of 0.95%. Understanding how these cities compare with Ninnekah provides valuable insights into the varying tax landscape across Grady County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ninnekah Tax Rate
0.95%
Average Grady County Tax Rate
1.03%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ninnekah, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73067 | 0.45% | 0.71% | 0.95% | 1.07% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Ninnekah, Grady County, Oklahoma
In NINNEKAH, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Grady County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In NINNEKAH, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median home price in NINNEKAH is $109,289, with tax bills ranging from $567 at the 25th percentile to $2,349 at the 90th percentile. The zip code 73067 has both the highest and lowest median tax bill of $978. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ninnekah, Grady County, Oklahoma
Source: Ownwell
$61,941
$135,272
$208,602
Average Ninnekah Assessed Value
$109,289
Average Grady County Assessed Value
$126,704
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ninnekah, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73067 | $48,099 | $72,818 | $109,289 | $163,491 | $223,528 |
Source: Ownwell
Property Tax Bills Across Ninnekah, Grady County, Oklahoma
In Ninnekah, property tax bills are calculated based on the assessed value of a home, which is determined by the Grady County Assessor's Office. The assessed value typically represents a percentage of the property's market value. Homeowners in Ninnekah can expect their property tax bills to vary, with the median home price around $109,289. For instance, tax bills in the 25th percentile are approximately $567, while those in the 75th percentile reach about $1,576. At the higher end, the 90th percentile tax bill can be as much as $2,349. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ninnekah's property tax rate can significantly impact homeowners' financial planning. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances effectively. With the highest and lowest median tax bills both recorded at $978 in the 73067 zip code, homeowners can gauge their potential tax expenses more accurately.
Average Ninnekah Tax Bill
$978
Average Grady County Tax Bill
$1,186
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Ninnekah, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73067 | $257 | $567 | $978 | $1,576 | $2,349 |
Source: Ownwell