73063 Property Tax Rate

Property owners in ZIP code 73063 (Mulhall, Oklahoma) pay a median of $975/year in property taxes on homes valued at $179,000. This translates to an effective tax rate of 0.54%, which is 18% below the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73063 is approximately $81, which factors into escrow payments on mortgages. This ZIP code is located within Logan County.

Compared to similar ZIP codes in Oklahoma, 73063 has lower property taxes. ZIP codes with similar effective rates include 74864 (0.54%) and 73024 (0.55%).

In Mulhall, property taxes represent approximately 1.3% of the median household income of $76,500, providing context for the relative tax burden on homeowners in this area.

Oklahoma does not cap property tax assessments at purchase or reassess on sale — your home's assessed value is set by the Logan County Assessor and can increase annually based on market conditions and county appraisal cycles. Logan County offers a Homestead Exemption (amount varies; file with the Logan County Assessor to reduce taxable value) and Senior Citizen Exemptions for those 65+. Contact the Logan County Assessor's office immediately after closing to apply for exemptions and confirm your assessment is accurate based on comparable sales.