Dayville, Oregon Property Taxes
The median property tax rate in Dayville, OR is 0.58%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Dayville at $219,730, the typical annual property tax bill amounts to $1,164, which is well below the national median of $2,690. Property taxes in Dayville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dayville'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 Dayville or another part of Grant County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dayville, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,274
Ownwell’s Dayville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dayville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dayville 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 Dayville, Oregon
Property taxes in Dayville, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dayville is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Dayville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dayville 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 Dayville's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97825 has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Dayville provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayville Tax Rate
0.58%
Average Grant County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dayville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97825 | 0.28% | 0.44% | 0.58% | 0.71% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Dayville, Oregon
In Dayville, 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 Grant County Appraisal District 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 Dayville, 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 Dayville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dayville is $1164, while the lowest median tax bill is also $1164, both in the 97825 zip code.
Average Dayville Assessed Value
$219,730
Average Grant County Assessed Value
$184,015
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dayville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97825 | $92,798 | $130,690 | $219,730 | $313,650 | $488,834 |
Source: Ownwell
Property Tax Bills Across Dayville, Oregon
In Dayville, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Dayville is $219,730, with property tax bills ranging from $783 at the 25th percentile to $2,617 at the 90th percentile. The highest and lowest median tax bills in the region are both $1,164, found in zip code 97825. Several factors influence the assessed value, including the property's market value, improvements made, and any applicable exemptions. Homeowners in Dayville face property tax bills that can significantly impact their annual expenses. While the median tax rate in Dayville is relatively moderate compared to the national median property tax rate of 0.99%, the variability in tax bills means that individual homeowners may experience different financial burdens. Understanding these factors is essential for homeowners to manage their property taxes effectively.
Average Dayville Tax Bill
$1,164
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Dayville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97825 | $487 | $783 | $1,164 | $1,892 | $2,617 |
Source: Ownwell