Merlin, Oregon Property Taxes
The median property tax rate in Merlin, OR is 0.37%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Merlin at $413,600, the typical annual property tax bill is $1,527, which is well below the national median of $2,690. Property taxes in Merlin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Merlin'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 Merlin 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
Merlin, 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 Merlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Merlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Merlin 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 Merlin, Oregon
Property taxes in Merlin, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Merlin is 0.37%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Merlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Merlin 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 Merlin's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate within the region is 0.37%, while the lowest is also 0.37%. Understanding how these cities compare with Merlin 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 Merlin Tax Rate
0.37%
Average Josephine County Tax Rate
0.51%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merlin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97532 | 0.28% | 0.33% | 0.37% | 0.40% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Merlin, Oregon
In Merlin, 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 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 Merlin, 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 Merlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97532 has the highest and lowest median tax bill, both at $1,527.
Average Merlin Assessed Value
$413,600
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 Merlin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97532 | $110,328 | $273,990 | $413,600 | $554,640 | $739,442 |
Source: Ownwell
Property Tax Bills Across Merlin, Oregon
In Merlin, located in Josephine County, OR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the local tax assessor and usually represents a percentage of the market value. Homeowners in Merlin face a median property tax rate of 0.99%, which aligns with the national median. This means for a median home price of $413,600, the tax bill can vary significantly. Tax bills in Merlin can range from $969 at the 25th percentile to $2,092 at the 75th percentile, with the highest 10% of tax bills reaching up to $2,711. The local zip code 97532 has a consistent median tax bill of $1,527. Various factors, such as property improvements, neighborhood developments, and changes in local tax rates, can influence these amounts. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and long-term investment in their property.
Average Merlin Tax Bill
$1,527
Average Josephine County Tax Bill
$1,771
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Merlin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97532 | $370 | $969 | $1,527 | $2,092 | $2,711 |
Source: Ownwell