North Powder, Oregon Property Taxes
The median property tax rate in North Powder, OR is 0.50%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in North Powder, the typical annual property tax bill reaches $2,773, just slightly above the national median of $2,690. Property taxes in North Powder are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Powder's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Powder or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Powder, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s North Powder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Powder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Powder to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Powder, Oregon
Property taxes in North Powder, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Powder is 0.50%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within North Powder set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Powder estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares North Powder's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97867 zip code has both the highest and lowest median property tax rate of 0.50%. Understanding how these cities compare with North Powder provides valuable insights into the varying tax landscape across Baker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Powder Tax Rate
0.50%
Average Baker County Tax Rate
0.80%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Powder, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97867 | 0.31% | 0.38% | 0.50% | 0.69% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across North Powder, Oregon
In North Powder, Oregon, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Baker County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In North Powder, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in North Powder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills are both $2773.00, found in the zip code 97867.
Average North Powder Assessed Value
$450,630
Average Baker County Assessed Value
$242,200
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Powder, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97867 | $217,970 | $306,480 | $450,630 | $871,940 | $1,703,492 |
Source: Ownwell
Property Tax Bills Across North Powder, Oregon
In North Powder, Baker County, OR, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is typically a percentage of the market value of your property. The tax rate is then applied to this assessed value to determine your annual property tax bill. Factors such as local levies, school funding, and municipal services also play a role in determining the final tax amount. For homeowners in North Powder, the median home price is $450,630. Property tax bills can vary significantly, with the 25th percentile at $1,554 and the 75th percentile reaching $3,933. For those in the 90th percentile, tax bills can be as high as $7,798. These taxes are crucial for funding essential services like schools, public safety, and infrastructure, but they also represent a significant annual expense for homeowners. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average North Powder Tax Bill
$2,773
Average Baker County Tax Bill
$1,787
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across North Powder, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97867 | $850 | $1,554 | $2,773 | $3,933 | $7,798 |
Source: Ownwell