Gilchrist, Oregon Property Taxes
The median property tax rate in Gilchrist, OR is 0.39%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Gilchrist at $231,265, the typical annual property tax bill amounts to $1,024, which is notably less than the national median of $2,690. Property taxes in Gilchrist are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Gilchrist's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gilchrist 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
Gilchrist, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$902
Ownwell’s Gilchrist Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gilchrist with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gilchrist to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by Klamath County for property tax calculations, considering any exemptions that may apply.
Property Tax Rates Across Gilchrist, Oregon
Property taxes in Gilchrist, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gilchrist is 0.39%, significantly lower than both the Oregon state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Gilchrist set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gilchrist 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 Gilchrist's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97031 zip code has the highest median property tax rate of 1.07%, while the 97411 zip code has the lowest median tax rate of 0.56%. Understanding how these cities compare with Gilchrist 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 Gilchrist Tax Rate
0.39%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gilchrist, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97737 | 0.26% | 0.31% | 0.39% | 0.78% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Gilchrist, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gilchrist, Oregon. 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 local 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 Gilchrist, 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 Gilchrist helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 97737 has a median tax bill of $1,024, which is both the highest and lowest in this area.
Average Gilchrist Assessed Value
$231,265
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 Gilchrist, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97737 | $68,905 | $115,062 | $231,265 | $402,040 | $656,865 |
Source: Ownwell
Property Tax Bills Across Gilchrist, Oregon
In Gilchrist, 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 typically reflects a percentage of the property's market value. Once the assessed value is established, the tax rate is applied to calculate the tax bill. With a median home price of $231,265, homeowners in Gilchrist can expect varying tax bills depending on their property's assessed value and applicable tax rates. Factors influencing the tax bill include the property's location, improvements, and any applicable exemptions. For example, the tax bill at the 25th percentile is around $807, while at the 75th percentile, it rises to approximately $1490. At the 90th percentile, homeowners might see tax bills as high as $2192. These figures reflect the range of property tax obligations in the area, which can significantly impact homeowners' annual budgets. Comparatively, the national median property tax rate is 0.99%, illustrating how local rates and assessed values directly affect tax bills in Gilchrist.
Average Gilchrist Tax Bill
$1,024
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gilchrist, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97737 | $430 | $807 | $1,024 | $1,490 | $2,192 |
Source: Ownwell