Grants Pass, Oregon Property Taxes
The median property tax rate in Grants Pass, OR is 0.56%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Grants Pass, the typical annual property tax bill reaches $1,976, well below the national median of $2,690. Property taxes in Grants Pass 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 Grants Pass'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 Grants Pass 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
Grants Pass, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Grants Pass Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grants Pass with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grants Pass 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 Grants Pass, Oregon
Property taxes in Grants Pass, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grants Pass is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Grants Pass set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grants Pass 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 Grants Pass's effective property tax rate to other areas in Josephine County and the national median. For comparison, the 97526 zip code has the highest median property tax rate of 0.61%, while the 97527 zip code has the lowest median tax rate of 0.47%. Understanding how these areas compare with Grants Pass provides valuable insights into the varying tax landscape across Josephine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grants Pass Tax Rate
0.56%
Average Josephine County Tax Rate
0.51%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grants Pass, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97526 | 0.33% | 0.39% | 0.61% | 0.73% | 0.82% |
| 97527 | 0.33% | 0.37% | 0.47% | 0.74% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Grants Pass, Oregon
In Grants Pass, 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 Josephine 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 Grants Pass, 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. For instance, the median home price in Grants Pass is $360,625, with tax bills ranging from $1,259 at the 25th percentile to $3,707 at the 90th percentile. The highest median tax bill is $2,024 in zip code 97526, while the lowest is $1,908 in zip code 97527. 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 Grants Pass helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grants Pass Assessed Value
$360,625
Average Josephine County Assessed Value
$338,885
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grants Pass, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97526 | $189,810 | $268,292 | $345,060 | $466,862 | $660,248 |
| 97527 | $127,512 | $274,545 | $371,490 | $474,062 | $659,661 |
Source: Ownwell
Property Tax Bills Across Grants Pass, Oregon
In Grants Pass, located in Josephine County, 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 tax bill. For a median home price of $360,625, homeowners can expect varying tax bills. The tax bill at the 25th percentile is $1,259, while at the 75th percentile, it rises to $2,833, and at the 90th percentile, it reaches $3,707. The highest median tax bill in the area is $2,024, found in the 97526 zip code, while the lowest is $1,908 in the 97527 zip code. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Homeowners in Grants Pass may find their property tax bills to be a significant portion of their annual expenses, impacting their overall financial planning and home affordability.
Average Grants Pass Tax Bill
$1,976
Average Josephine County Tax Bill
$1,771
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Grants Pass, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97526 | $754 | $1,371 | $2,024 | $2,808 | $3,809 |
| 97527 | $543 | $1,171 | $1,908 | $2,854 | $3,614 |
Source: Ownwell