Vinita, Nowata County, Oklahoma Property Taxes

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

Median Vinita, OK effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%. Median Vinita, OK home value: $147,462. Median annual Vinita, OK tax bill: $836, $1,564 lower than the national median property tax bill of $2,400. How are property taxes in Nowata 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, Nowata County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$782

$725

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 Nowata County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Vinita, Nowata County, Oklahoma

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is due to each county estimating its required budget annually to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Vinita, located in Nowata County, Oklahoma, the effective property tax rate is 0.53%. This rate stands out when compared to the national median property tax rate of 1.02%. The median property tax bill in the U.S. is $2400, highlighting the comparatively lower tax burden in Vinita. This difference underscores the variability in property tax rates, influenced by local budgetary needs and property values. Understanding these variations can offer valuable insights for property owners, helping them make informed decisions about property investments and tax appeals.

Property Tax Rates Across Vinita, Nowata County, Oklahoma

Source: Ownwell

0.53%

0.76%

0.99%

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

0.53%

Median Effective Nowata County Tax Rate

0.83%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vinita, Nowata County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74301	0.24%	0.45%	0.53%	0.67%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Vinita, Nowata County, Oklahoma

When examining property taxes in Vinita, 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 Nowata 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 Nowata 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 $147,462, with tax bills ranging significantly across the county. Zip code 74301 has the highest median home price at $147,462.

Property Tax Assessment Values Across Vinita, Nowata County, Oklahoma

Source: Ownwell

$47,188

$97,325

$147,462

Median Vinita Market Value

$147,462

Median Nowata County Market Value

$71,248

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vinita, Nowata County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74301	$92,646	$125,088	$147,462	$176,807	$258,436

Source: Ownwell

Property Tax Bills Across Vinita, Nowata County, Oklahoma

In Vinita, located in Nowata County, Oklahoma, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the county assessor. With a median home price of $147,462, homeowners in Vinita can expect a tax bill that varies significantly depending on the assessed value and applicable tax rate. The tax bill for the 25th percentile is approximately $656, while the 75th percentile reaches around $991. For those in the 90th percentile, the tax bill can be as high as $1,263. Compared to the national median property tax bill of $2,400, Vinita's property taxes are relatively lower. Despite this, property taxes can still be a financial burden for homeowners. Ownwell offers services to help reduce these tax bills by ensuring properties are not over-assessed. By appealing incorrect assessments and identifying potential exemptions, Ownwell can help homeowners in Vinita save money and alleviate some of the financial stress associated with property taxes.

Property Tax Bills Across Vinita, Nowata County, Oklahoma

Source: Ownwell

$242

$539

$836

Median Vinita Tax Bill

$836

Median Nowata County Tax Bill

$541

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Vinita, Nowata County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74301	$438	$656	$836	$991	$1,263

Source: Ownwell