Mount Hood Parkdale, Oregon Property Taxes
The median property tax rate in Mount Hood Parkdale, OR is 0.58%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Mount Hood Parkdale, the typical annual property tax bill reaches $3,071, surpassing the national median of $2,690. Property taxes in Mount Hood Parkdale 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 Mount Hood Parkdale'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 Mount Hood Parkdale 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
Mount Hood Parkdale, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,888
Ownwell’s MOUNT HOOD PARKDALE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT HOOD PARKDALE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT HOOD PARKDALE 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 Mount Hood Parkdale, Oregon
Property taxes in Mount Hood Parkdale, Oregon, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Hood Parkdale is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Mount Hood Parkdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Hood Parkdale 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 Mount Hood Parkdale's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97041 zip code has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Mount Hood Parkdale provides valuable insights into the varying tax landscape across Hood River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Hood Parkdale Tax Rate
0.58%
Average Hood River County Tax Rate
0.62%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Hood Parkdale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97041 | 0.35% | 0.46% | 0.58% | 0.73% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Mount Hood Parkdale, Oregon
In Mount Hood Parkdale, 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 Hood River 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 Mount Hood Parkdale, 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 Mount Hood Parkdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,071, found in the 97041 zip code.
Property Tax Assessment Values Across Mount Hood Parkdale, Oregon
Source: Ownwell
$236,765
$384,078
$531,390
Average Mount Hood Parkdale Assessed Value
$497,865
Average Hood River County Assessed Value
$504,545
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Hood Parkdale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97041 | $31,375 | $261,385 | $497,865 | $728,536 | $984,232 |
Source: Ownwell
Property Tax Bills Across Mount Hood Parkdale, Oregon
In Mount Hood Parkdale, located in Hood River County, 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 tax bill. The median home price in this area is $497,865, which serves as a basis for many homeowners' tax calculations. Several factors influence the final tax bill, including property improvements, neighborhood changes, and local government budgets. For instance, homeowners in the 25th percentile pay around $1,915, while those in the 75th percentile face bills closer to $4,618. At the higher end, the 90th percentile tax bill can reach up to $6,113. Compared to the national median property tax rate of 0.99%, Mount Hood Parkdale's tax bills reflect the area's unique property values and local tax rates. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Mount Hood Parkdale Tax Bill
$3,071
Average Hood River County Tax Bill
$3,258
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Hood Parkdale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97041 | $670 | $1,915 | $3,071 | $4,618 | $6,113 |
Source: Ownwell