La Pine, Oregon Property Taxes
The median property tax rate in La Pine, OR is 0.59%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in La Pine at $382,825, the typical annual property tax bill is $2,154, which is below the national median of $2,690. Property taxes in La Pine are calculated based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding La Pine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of La Pine or another part of Deschutes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Pine, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$2,259
Ownwell’s La Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in La Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in La Pine 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 La Pine, Oregon
Property taxes in La Pine, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Pine is 0.59%, which is below the U.S. national median of 0.99%. Local government entities within La Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Pine 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 La Pine's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97739 zip code has both the highest and lowest median property tax rate of 0.59%. Understanding how these figures compare with La Pine 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 La Pine Tax Rate
0.59%
Average Deschutes County Tax Rate
0.59%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Pine, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97739 | 0.37% | 0.48% | 0.59% | 0.67% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across La Pine, Oregon
In La Pine, 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 La Pine, 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 La Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in La Pine is $382,825, and the median tax bill can range from $1,463 at the 25th percentile to $2,912 at the 75th percentile, with the highest and lowest median tax bills both being $2,154 in zip code 97739.
Average La Pine Assessed Value
$382,825
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 La Pine, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97739 | $171,472 | $266,572 | $382,825 | $526,585 | $737,227 |
Source: Ownwell
Property Tax Bills Across La Pine, Oregon
In La Pine, located in Deschutes County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. For homeowners in La Pine, the median home price stands at $382,825. Property tax bills can vary significantly, with the 25th percentile at $1,463, the 75th percentile at $2,912, and the 90th percentile reaching up to $3,720. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local taxing authorities. Homeowners in La Pine may find their tax bills higher or lower depending on these variables. Compared to the national median property tax rate of 0.99%, La Pine's property taxes reflect the local economic conditions and funding needs. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average La Pine Tax Bill
$2,154
Average Deschutes County Tax Bill
$3,746
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across La Pine, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97739 | $791 | $1,463 | $2,154 | $2,912 | $3,720 |
Source: Ownwell