Dairy, Oregon Property Taxes
The median property tax rate in Dairy, OR is 0.65%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Dairy, the typical annual property tax bill reaches $634, significantly below the national median of $2,690. Property taxes in Dairy 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 Dairy'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 Dairy 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
Dairy, 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 Dairy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dairy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dairy 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 Dairy, Oregon
Property taxes in Dairy, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dairy is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Dairy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dairy 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 Dairy's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97625 zip code has both the highest and the lowest median property tax rate of 0.65%. Understanding how these cities compare with Dairy 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 Dairy Tax Rate
0.65%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dairy, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97625 | 0.40% | 0.51% | 0.65% | 0.91% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Dairy, Oregon
In Dairy, 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 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 Dairy, 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 Dairy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97625, with a median bill of $634, while the lowest is also 97625, reflecting uniformity in tax assessments.
Average Dairy Assessed Value
$102,890
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 Dairy, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97625 | $19,642 | $38,588 | $102,890 | $151,262 | $235,245 |
Source: Ownwell
Property Tax Bills Across Dairy, Oregon
In Dairy, located in Klamath County, OR, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor's office and is typically a percentage of the property's market value. Factors such as property size, location, and improvements made to the home can influence this assessed value. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For instance, in Dairy, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $326, while at the 75th percentile, it rises to approximately $1,185. The highest tax bills, at the 90th percentile, can reach up to $1,593. These property taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these factors influence their tax bill can help in financial planning and property investment decisions.
Average Dairy Tax Bill
$634
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Dairy, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97625 | $131 | $326 | $634 | $1,185 | $1,593 |
Source: Ownwell