Bend, Oregon Property Taxes
The median property tax rate in Bend, OR is 0.56%, which is significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $722,870 in Bend, the typical annual property tax bill comes to $3,982, surpassing the national median of $2,690. Property taxes in Bend are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bend'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 Bend 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
Bend, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$4,048
Ownwell’s Bend Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bend to provide an accurate estimate of your property tax bill. This invaluable tool helps you understand your potential tax liabilities. For those interested in more detailed information, trends on a neighborhood level are available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bend, Oregon
Property taxes in Bend, Oregon, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bend is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bend 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 Bend's effective property tax rate to other regions in Deschutes County and the national median. For comparison, the 97707 zip code has the highest median property tax rate in the area at 0.58%, while the 97703 zip code has the lowest median tax rate at 0.53%. Understanding how these areas compare with Bend provides valuable insights into the varying tax landscape across Deschutes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bend Tax Rate
0.56%
Average Deschutes County Tax Rate
0.59%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bend, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97701 | 0.45% | 0.51% | 0.56% | 0.62% | 0.67% |
| 97702 | 0.43% | 0.50% | 0.57% | 0.63% | 0.71% |
| 97703 | 0.33% | 0.43% | 0.53% | 0.62% | 0.72% |
| 97707 | 0.35% | 0.49% | 0.58% | 0.66% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Bend, Oregon
In Bend, 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 Deschutes 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 Bend, 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 Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in zip code 97703 at $5,304, while the lowest is in zip code 97701 at $3,475.
Average Bend Assessed Value
$722,870
Average Deschutes County Assessed Value
$646,345
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bend, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97701 | $447,098 | $514,382 | $602,475 | $725,248 | $958,621 |
| 97702 | $419,609 | $551,702 | $686,845 | $913,198 | $1,288,587 |
| 97703 | $599,206 | $771,738 | $1,001,855 | $1,326,515 | $1,788,394 |
| 97707 | $351,640 | $533,790 | $749,470 | $960,235 | $1,227,670 |
Source: Ownwell
Property Tax Bills Across Bend, Oregon
In Bend, located in Deschutes County, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is influenced by various factors, including the market value of similar properties in the area and any improvements made to the property. The tax rate for Bend is applied to this assessed value to determine the final tax bill. For homeowners, this means that fluctuations in the real estate market and home improvements can significantly impact their tax obligations. In Bend, the median home price is $722,870, leading to varying tax bills. For instance, the 25th percentile tax bill is around $2,945, while the 75th percentile tax bill can reach up to $5,648. In the highest median tax bill area, zip code 97703, homeowners face a median tax bill of $5,304, whereas in zip code 97701, the lowest median tax bill is $3,475. These variations illustrate how location within the city can also affect property tax amounts.
Average Bend Tax Bill
$3,982
Average Deschutes County Tax Bill
$3,746
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Bend, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97701 | $2,324 | $2,843 | $3,475 | $4,257 | $5,324 |
| 97702 | $2,098 | $2,926 | $3,857 | $5,304 | $7,603 |
| 97703 | $2,329 | $3,547 | $5,304 | $7,431 | $10,297 |
| 97707 | $1,437 | $2,640 | $4,136 | $5,904 | $8,100 |
Source: Ownwell