Vinita, Craig County, Oklahoma Property Taxes

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

Median Vinita, OK effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Vinita, OK home value: $70,085
Median annual Vinita, OK tax bill: $544, $1,856 lower than the national median property tax bill of $2,400.

How are property taxes in Craig County calculated?

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

Last Updated March 1, 2025

Vinita, Craig County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$631

$586

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

Property Tax Rates Across Vinita, Craig County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget 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, in a nutshell, this is the annual process. Below, you can compare Vinita’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.

Vinita, located in Craig County, has a median property tax rate of 0.85%, which is lower than the national median property tax rate of 1.02%. This makes Vinita an attractive option for property owners looking for lower property tax rates. The effective property tax rate in Vinita is consistent across the city, contributing to a more predictable financial planning for homeowners. Compared to the national median property tax bill of $2400, Vinita offers a more affordable option for property ownership. Understanding these rates can help property owners better manage their financial obligations and make informed decisions about property investments in Vinita.

Property Tax Rates Across Vinita, Craig County, Oklahoma

Source: Ownwell

0.63%

0.76%

0.89%

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 Vinita Tax Rate

0.81%

Median Effective Craig County Tax Rate

0.78%

Median Effective Oklahoma Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vinita, Craig County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74301	0.45%	0.64%	0.81%	0.97%	1.04%

Source: Ownwell

Property Tax Assessment Values Across Vinita, Craig County, Oklahoma

When examining property taxes in Vinita, 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 Craig 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 Craig 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 Vinita.

For example, the median home price in Vinita is $70,085, with tax bills ranging significantly across the county. Zip code 74301 has the highest median home price at $70,085.

Property Tax Assessment Values Across Vinita, Craig County, Oklahoma

Source: Ownwell

$77,961

$114,592

$151,223

Median Vinita Market Value

$77,961

Median Craig County Market Value

$83,904

Median Oklahoma Market Value

$160,842

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vinita, Craig County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74301	$24,207	$39,267	$77,961	$141,132	$224,125

Source: Ownwell

Property Tax Bills Across Vinita, Craig County, Oklahoma

In Vinita, Craig County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value and, consequently, the tax bill. With a median home price of $70,085, homeowners in Vinita face a median property tax bill of $544, significantly lower than the national median of $2,400. The tax bill can range from $294 at the 25th percentile to $1,669 at the 90th percentile. This disparity highlights the potential for savings on property taxes. Ownwell assists homeowners by identifying discrepancies in assessed values and filing appeals to ensure fair taxation. By leveraging expertise in local tax regulations and providing personalized guidance, Ownwell helps homeowners reduce their property tax bills, offering peace of mind and financial relief.

Property Tax Bills Across Vinita, Craig County, Oklahoma

Source: Ownwell

$555

$904

$1,253

Median Vinita Tax Bill

$567

Median Craig County Tax Bill

$597

Median Oklahoma Tax Bill

$1,339

Median United States Tax Bill

$2,400

Property Tax Bills Across Vinita, Craig County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74301	$150	$301	$567	$1,108	$1,835

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	March 7

Links
Craig Tax Assessor
Website	oktaxrolls.com