Wilbur, Oregon Property Taxes
The median property tax rate in Wilbur, 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 Wilbur, the typical annual property tax bill amounts to $1,017, well below the national median of $2,690. Property taxes in Wilbur are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wilbur'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 Wilbur 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
Wilbur, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$809
Ownwell’s Wilbur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilbur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilbur 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 Wilbur, Oregon
Property taxes in Wilbur, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilbur is 0.45%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Wilbur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilbur 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 Wilbur's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97494 zip code has the highest median property tax rate of 0.45%, while the 97494 zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Wilbur 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 Wilbur Tax Rate
0.45%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilbur, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97494 | 0.40% | 0.42% | 0.45% | 0.63% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Wilbur, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilbur, Oregon. 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 Wilbur, 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. For instance, the median home price in Wilbur is $179,867, with tax bills ranging from $474 at the 25th percentile to $2,105 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,017 in zip code 97494. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilbur Assessed Value
$179,867
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 Wilbur, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97494 | $40,122 | $128,415 | $179,867 | $318,164 | $406,314 |
Source: Ownwell
Property Tax Bills Across Wilbur, Oregon
In Wilbur, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Wilbur is $179,867. Tax rates are applied to this assessed value to determine the annual tax bill. Various factors influence the final tax bill, including property location, improvements, and local government budgets. For homeowners in Wilbur, the tax bill can vary significantly. The 25th percentile tax bill is $474, while the 75th percentile is $1,785, and the 90th percentile reaches $2,105. These figures highlight the range of tax burdens homeowners might face depending on their property's assessed value and specific tax rate applied. Compared to the national median property tax rate of 0.99%, Wilbur's tax rates can lead to varying financial impacts on homeowners. For instance, a home in the 97494 zip code has a median tax bill of $1,017, indicating a relatively moderate tax burden compared to other regions. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Wilbur Tax Bill
$1,017
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilbur, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97494 | $163 | $474 | $1,017 | $1,785 | $2,105 |
Source: Ownwell