Midwest City, Oklahoma County, Oklahoma Property Taxes

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

Median Midwest City, OK effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the Oklahoma state median of 0.97%.
Median Midwest City, OK home value: $122,000
Median annual Midwest City, OK tax bill: $1,176, $1,224 lower than the national median property tax bill of $2,400.

How are property taxes in Oklahoma County calculated?

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

Last Updated March 1, 2025

Midwest City, Oklahoma County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$1,208

$1,121

Ownwell’s Midwest City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Midwest City with just two data points. By entering your property's estimated assessed value, our calculator applies Midwest City’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 Oklahoma County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Midwest City, Oklahoma County, Oklahoma

Local government entities determine tax rates, which can differ significantly across a state. This variation occurs because each county annually calculates its required budget for essential services and divides that by the total assessed value of all taxable properties within its borders. This process establishes the property tax rate. Although tax rates and budgets are influenced by votes and legislation, this is the fundamental yearly procedure.

In Midwest City, located in Oklahoma County, the effective property tax rate aligns with the county's median of 0.99%. This rate is slightly below the national median property tax rate of 1.02%. Despite the seemingly minor difference, it can significantly impact homeowners' annual tax bills. The consistency of the rate across the county ensures predictability for property owners, allowing them to better plan their finances. Compared to other cities in Oklahoma, Midwest City's rate is competitive, offering residents a balance between necessary public services and manageable tax obligations. Understanding these rates is crucial for homeowners aiming to optimize their property tax liabilities while benefiting from local services.

Property Tax Rates Across Midwest City, Oklahoma County, Oklahoma

Source: Ownwell

0.71%

1.09%

1.48%

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 Midwest City Tax Rate

0.99%

Median Effective Oklahoma County Tax Rate

1.00%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Midwest City, Oklahoma County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73110	0.74%	0.88%	0.99%	1.08%	1.29%
73084	N/A	N/A	N/A	N/A	N/A
73130	N/A	N/A	N/A	N/A	N/A
73139	N/A	N/A	N/A	N/A	N/A
73140	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Midwest City, Oklahoma County, Oklahoma

When examining property taxes in Midwest City, OK, 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 Oklahoma 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 Oklahoma 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 Midwest City.

For example, the median home price in Midwest City is $122,000, with tax bills ranging significantly across the county. Zip code 73110 has the highest median home price at $121,500.

Property Tax Assessment Values Across Midwest City, Oklahoma County, Oklahoma

Source: Ownwell

$64,500

$428,500

$792,500

Median Midwest City Market Value

$122,000

Median Oklahoma County Market Value

$192,500

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Midwest City, Oklahoma County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73110	$75,500	$88,500	$121,500	$183,500	$214,500
73084	N/A	N/A	N/A	N/A	N/A
73130	N/A	N/A	N/A	N/A	N/A
73139	N/A	N/A	N/A	N/A	N/A
73140	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Midwest City, Oklahoma County, Oklahoma

In Midwest City, Oklahoma County, 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 the area is $122,000, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $854, while the 75th percentile is $1,750, reflecting differences in property values and tax rates. The highest median tax bill in the region is $1,173, which is notably below the national median property tax bill of $2,400. Factors such as location, property size, and local tax rates influence these tax bills. Homeowners may find their tax bills burdensome, especially if they believe their property has been over-assessed. This is where Ownwell can assist by providing property tax appeal services. By evaluating and potentially challenging the assessed value of a property, Ownwell helps homeowners ensure they are not overpaying on their property taxes, potentially leading to significant savings.

Property Tax Bills Across Midwest City, Oklahoma County, Oklahoma

Source: Ownwell

$491

$5,835

$11,179

Median Midwest City Tax Bill

$1,176

Median Oklahoma County Tax Bill

$1,891

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Midwest City, Oklahoma County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73110	$677	$840	$1,173	$1,720	$2,260
73084	N/A	N/A	N/A	N/A	N/A
73130	N/A	N/A	N/A	N/A	N/A
73139	N/A	N/A	N/A	N/A	N/A
73140	N/A	N/A	N/A	N/A	N/A

Source: Ownwell