Beatty, Oregon Property Taxes
The median property tax rate in Beatty, 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 Beatty, the typical annual property tax bill reaches $359, significantly below the national median of $2,690. Property taxes in Beatty 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 Beatty'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 Beatty 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
Beatty, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$334
Ownwell’s Beatty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beatty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beatty 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 Beatty, Oregon
Property taxes in Beatty, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beatty is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Beatty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beatty 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 Beatty's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97621 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 Beatty provides valuable insights into the varying tax landscape across Klamath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beatty Tax Rate
0.58%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beatty, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97621 | 0.25% | 0.36% | 0.58% | 0.83% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Beatty, Oregon
In Beatty, 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 Klamath 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 Beatty, 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 Beatty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Beatty is $57,655, with property tax bills ranging from $196 at the 25th percentile to $1,133 at the 90th percentile. The zip code 97621 has both the highest and lowest median tax bill at $359.
Average Beatty Assessed Value
$57,655
Average Klamath County Assessed Value
$184,440
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beatty, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97621 | $17,149 | $29,718 | $57,655 | $121,535 | $296,295 |
Source: Ownwell
Property Tax Bills Across Beatty, Oregon
In Beatty, located in Klamath County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. Several factors influence this value, including the property's location, size, and any improvements made. The median home price in Beatty is $57,655, and property tax rates are applied to this assessed value to determine the annual tax bill. For instance, the tax bill for the 25th percentile is $196, while the 75th percentile reaches up to $686. The highest median tax bill recorded in the area is $359, which is consistent across the zip code 97621. These property tax bills impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners budget accordingly and anticipate their annual expenses, ensuring they can plan for their financial obligations effectively.
Average Beatty Tax Bill
$359
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Beatty, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97621 | $103 | $196 | $359 | $686 | $1,133 |
Source: Ownwell