Inola, Mayes County, Oklahoma Property Taxes
Median Inola, OK effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Inola, OK home value: $226,735
Median annual Inola, OK tax bill: $1,342, $1,058 lower than the national median property tax bill of $2,400.
How are property taxes in Mayes calculated?
Property taxes in Inola, 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 Inola’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Inola, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Inola, Mayes County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$1,587
$1,473
Property Tax Rates Across Inola, Mayes County, Oklahoma
Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate their necessary budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
Inola, located in Mayes County, Oklahoma, has a property tax rate that aligns with the highest and lowest rates within the county, both at 0.70%. This is notably lower than the national median property tax rate of 1.02%, offering a more favorable tax environment for property owners. The state's median tax rate is also 0.70%, indicating a consistent tax rate across different areas within Oklahoma. Compared to the national median property tax bill of $2,400, property owners in Inola benefit from relatively lower property tax obligations. This consistency in tax rates within the county and state can make Inola an attractive option for homeowners looking for stability in their property tax expenses.
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 Inola Tax Rate
0.70%
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 Mayes County Tax Rate
0.66%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Inola, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74036 | 0.38% | 0.54% | 0.70% | 0.85% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Inola, Mayes County, Oklahoma
When examining property taxes in Inola, 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 Mayes County Assessor 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 Mayes County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Inola.
For example, the median home price in Inola is $226,735, with tax bills ranging significantly across the county. The 74036 zip code has the highest median home price at $226,735.
Property Tax Assessment Values Across Inola, Mayes County, Oklahoma
Source: Ownwell
$63,166
$311,123
$559,080
Median Inola Market Value
$226,735
Median Mayes County Market Value
$160,424
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Inola, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74036 | $80,845 | $114,666 | $226,735 | $342,828 | $467,230 |
Source: Ownwell
Property Tax Bills Across Inola, Mayes County, Oklahoma
Median Inola Tax Bill
$1,342
Median Mayes County Tax Bill
$998
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Inola, Mayes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74036 | $505 | $813 | $1,342 | $2,280 | $3,437 |
Source: Ownwell