Myrtle Creek, Oregon Property Taxes
The median property tax rate in Myrtle Creek, OR is 0.57%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $202,885, the typical annual property tax bill in Myrtle Creek reaches $1,124, which is well below the national median of $2,690. Property taxes in Myrtle Creek are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Myrtle Creek'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 Myrtle Creek 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
Myrtle Creek, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,156
Ownwell’s Myrtle Creek Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Myrtle Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Myrtle Creek 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 Douglas County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Myrtle Creek, Oregon
Property taxes in Myrtle Creek, Oregon, play a crucial role in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Myrtle Creek is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Myrtle Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Myrtle Creek 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 Myrtle Creek's effective property tax rate to other areas in Douglas County and the national median. For comparison, the 97457 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these figures compare with Myrtle Creek provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Myrtle Creek Tax Rate
0.57%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Myrtle Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97457 | 0.37% | 0.47% | 0.57% | 0.72% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Myrtle Creek, Oregon
In Myrtle Creek, 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 Douglas 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 Myrtle Creek, 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 Myrtle Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Myrtle Creek is $202,885, with the highest median tax bill being $1,124 in zip code 97457 and the lowest median tax bill also being $1,124 in the same zip code.
Average Myrtle Creek Assessed Value
$202,885
Average Douglas County Assessed Value
$222,242
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Myrtle Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97457 | $10,142 | $88,217 | $202,885 | $295,887 | $390,252 |
Source: Ownwell
Property Tax Bills Across Myrtle Creek, Oregon
Property tax bills in Myrtle Creek, located in Douglas County, Oregon, are determined based on the assessed value of a property. This value is calculated by the county assessor and is typically lower than the market value. The property tax rate in Myrtle Creek is applied to the assessed value to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and any improvements made. For instance, the median home price in Myrtle Creek is $202,885. Homeowners may see tax bills ranging from $403 at the 25th percentile to $1,675 at the 75th percentile, with the 90th percentile reaching up to $2,329. These tax bills can significantly impact homeowners' finances, making it crucial to understand how property taxes are calculated. Although the median tax bill in Myrtle Creek is $1,124, aligning with the zip code 97457, it is essential to compare this with the national median property tax rate of 0.99% to gauge its relative burden.
Average Myrtle Creek Tax Bill
$1,124
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Myrtle Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97457 | $73 | $403 | $1,124 | $1,675 | $2,329 |
Source: Ownwell