Bandon, Oregon Property Taxes
The median property tax rate in Bandon, OR is 0.45%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Bandon at $485,275, the typical annual property tax bill amounts to $2,174, which is below the national median of $2,690. Property taxes in Bandon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bandon'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 Bandon 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
Bandon, 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 Bandon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bandon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bandon 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 Bandon, Oregon
Property taxes in Bandon, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bandon is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Bandon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bandon 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 Bandon's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97411 zip code has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Bandon provides valuable insights into the varying tax landscape across Coos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bandon Tax Rate
0.45%
Average Coos County Tax Rate
0.60%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bandon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97411 | 0.31% | 0.38% | 0.45% | 0.51% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Bandon, Oregon
In Bandon, 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 Coos 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 Bandon, 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 Bandon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Bandon are both $2,174, found in zip code 97411.
Average Bandon Assessed Value
$485,275
Average Coos County Assessed Value
$340,850
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bandon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97411 | $266,075 | $361,910 | $485,275 | $673,365 | $1,021,162 |
Source: Ownwell
Property Tax Bills Across Bandon, Oregon
Property tax bills in Bandon, located in Coos County, Oregon, are calculated based on the assessed value of a property, which often differs from its market value. The assessed value is determined by the local tax assessor and is influenced by factors such as property size, location, and improvements. In Bandon, the median home price stands at $485,275, which serves as a reference point for many homeowners. The property tax rate in this area is applied to the assessed value to determine the annual tax bill. For example, tax bills in Bandon range from the 25th percentile at $1,502 to the 75th percentile at $3,201, with the 90th percentile reaching $4,665. Homeowners can expect variations in their tax bills depending on their property's specific assessed value and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Bandon's property taxes can significantly impact homeowners, influencing decisions from budgeting to long-term financial planning.
Average Bandon Tax Bill
$2,174
Average Coos County Tax Bill
$2,086
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Bandon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97411 | $991 | $1,502 | $2,174 | $3,201 | $4,665 |
Source: Ownwell