Oklahoma

Panola

Census-designated place Panola is a census-designated place in Oklahoma, in Latimer County. A census-designated place is an unincorporated community that the Census Bureau defines for statistics; it has no city government of its own.

The median owner-occupied home in Panola had a real-estate tax bill of $278 (± $68) a year, compared with $1,520 in Oklahoma and $2,969 nationwide. The median home value was $45,700 (± $2,553), compared with $185,900 in Oklahoma and $303,400 nationwide.

U.S. Census Bureau estimates for Panola, Oklahoma and the United States, with margins of error
MeasurePanolaOklahomaUnited States
Population 118 ± 78 3,995,260 332,387,540
Median annual property tax bill (homeowners) $278 ± $68 $1,520 ± $12 $2,969 ± $3
Median home value $45,700 ± $2,553 $185,900 ± $1,137 $303,400 ± $362
Median household income $38,980 ± $833 $63,603 ± $419 $78,538 ± $176
Property tax as a share of home value (calculated) 0.61% ± 0.15 pointsrough guide only: the margin of error is 25% of the estimate 0.82% ± 0.01 points 0.98% ± under 0.01 points
Homes lived in by their owners Too imprecise to report (estimate 100.0%, margin of error ± 113.1 points) 65.8% ± 0.3 points 65.0% ± 0.3 points
Owner households headed by someone 65 or older Too imprecise to report (estimate 70.8%, margin of error ± 52.2 points) 32.9% ± 0.2 points 32.6% ± 0.2 points
Owners spending 30% or more of income on housing costs Too imprecise to report (estimate 3.1%, margin of error ± 40.9 points) 17.4% ± 0.3 points 22.2% ± 0.1 points
How to read these numbers

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2019–2023: tables B25103 (real estate taxes), B25077 (home value), B19013 (household income), B01003 (population), B25003 (owners and renters), B25007 (age of householder), B25091 (housing costs as a share of income); see the Census ACS data page.

If property taxes go unpaid in Oklahoma

How it works. County annual tax sale followed, after statutory delinquency period, by county resale auction under Title 68; county may acquire parcels not purchased at resale

Excess sale money. 68 O.S. 3131 requires excess over taxes/penalties/interest/costs to be held for record owner, subject to Oklahoma Tax Commission setoff procedure added in 2023. Owner has 1 year to withdraw remaining excess; 2025 Attorney General Opinion 2025-10 concluded the one-year requirement is constitutionally valid under its analysis

These rules are set by Oklahoma, not by Panola, so this section is the same for every place in the state. Last verified 2026-09-25. See the full Oklahoma entry with statute links.

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