Bly, Oregon Property Taxes
The median property tax rate in Bly, OR is 0.92%, slightly below the national median of 0.99% but higher than Oregon's state median of 0.86%. With the median home value in Bly at $40,980, the typical annual property tax bill is $367, which is significantly lower than the national median of $2,690. Property taxes in Bly are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bly'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 Bly 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
Bly, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$377
Ownwell’s BLY Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in BLY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLY 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 Bly, Oregon
Property taxes in Bly, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bly is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Bly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bly 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 Bly's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97622 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Bly 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 Bly Tax Rate
0.92%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97622 | 0.39% | 0.66% | 0.92% | 1.31% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Bly, Oregon
In Bly, 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 Bly, 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 Bly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $367 in the 97622 zip code, while the lowest is also $367 in the same zip code.
Average Bly Assessed Value
$40,980
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 Bly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97622 | $9,560 | $17,555 | $40,980 | $108,230 | $239,360 |
Source: Ownwell
Property Tax Bills Across Bly, Oregon
In BLY, 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. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For context, the national median property tax rate is 0.99%. In BLY, the median home price is $40,980. Homeowners in the 25th percentile of tax bills pay around $182 annually, while those in the 75th percentile pay approximately $927. At the 90th percentile, the tax bill can reach up to $1,415. Several factors influence the tax bill, including the home's assessed value, any applicable exemptions, and the local tax rate. These property taxes are crucial for funding public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these taxes are calculated helps homeowners budget effectively and anticipate future expenses.
Average Bly Tax Bill
$367
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Bly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97622 | $106 | $182 | $367 | $927 | $1,415 |
Source: Ownwell