Reedsport, Oregon Property Taxes
The median property tax rate in Reedsport, OR is 1.03%, slightly higher than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Reedsport at $227,772, the typical annual property tax bill reaches $2,022, which is below the national median of $2,690. Property taxes in Reedsport are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Reedsport'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 Reedsport 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
Reedsport, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$2,346
Ownwell’s Reedsport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reedsport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reedsport 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 Reedsport, Oregon
Property taxes in Reedsport, Oregon, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Reedsport is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Reedsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reedsport 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 Reedsport's effective property tax rate to other areas in Douglas County and the national median. For comparison, the zip code 97467 has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these figures compare with Reedsport 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 Reedsport Tax Rate
1.03%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reedsport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97467 | 0.60% | 0.86% | 1.03% | 1.09% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Reedsport, Oregon
In Reedsport, 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 Reedsport, 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 Reedsport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Reedsport is $227,772. The 25th percentile tax bill is $876, while the 75th percentile tax bill is $3,099, and the 90th percentile tax bill is $3,938. The zip code 97467 has both the highest and lowest median tax bill at $2,022.
Average Reedsport Assessed Value
$227,772
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 Reedsport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97467 | $17,124 | $108,681 | $227,772 | $324,470 | $420,656 |
Source: Ownwell
Property Tax Bills Across Reedsport, Oregon
In Reedsport, located in Douglas County, OR, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the tax rate set by local authorities. For Reedsport, the median home price is $227,772, and the property tax rate can vary, leading to different tax bills. Several factors influence the final tax bill, such as property size, location, and any applicable exemptions. Homeowners in Reedsport can expect tax bills to range significantly. For instance, the 25th percentile tax bill is $876, while the 75th percentile tax bill is $3,099. The highest tax bills can reach up to $3,938, reflecting the top 10% of properties. These property taxes play a crucial role in funding local services like schools, public safety, and infrastructure. Understanding how these factors come together helps homeowners anticipate their financial obligations and plan accordingly.
Average Reedsport Tax Bill
$2,022
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Reedsport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97467 | $216 | $876 | $2,022 | $3,099 | $3,938 |
Source: Ownwell