New Pine Creek, Oregon Property Taxes
The median property tax rate in New Pine Creek, OR is 0.93%, slightly below the national median of 0.99% but higher than Oregon's state median of 0.86%. With the median home value in New Pine Creek at $117,340, the typical annual property tax bill amounts to $1,172, which is lower than the national median of $2,690. Property taxes in New Pine Creek are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Pine Creek'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 New Pine Creek 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
New Pine Creek, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,091
Ownwell’s New Pine Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Pine Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Pine Creek 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 New Pine Creek, Oregon
Property taxes in New Pine Creek, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Pine Creek is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within New Pine Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Pine Creek 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 New Pine Creek's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97635 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with New Pine Creek provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Pine Creek Tax Rate
0.93%
Average Lake County Tax Rate
0.80%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Pine Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97635 | 0.76% | 0.89% | 0.93% | 1.00% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across New Pine Creek, Oregon
In New Pine Creek, 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 Lake 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 New Pine Creek, 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 New Pine Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 97635 has both the highest and lowest median tax bill, valued at $1,172.
Average New Pine Creek Assessed Value
$117,340
Average Lake County Assessed Value
$110,290
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Pine Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97635 | $81,280 | $110,290 | $117,340 | $204,330 | $215,700 |
Source: Ownwell
Property Tax Bills Across New Pine Creek, Oregon
Property tax bills in New Pine Creek, located in Lake County, Oregon, are determined by assessing the property's market value and applying the local tax rate. The median home price in New Pine Creek is $117,340. Homeowners can expect to pay a median property tax bill of $1,172 annually, which is relatively close to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value and any applicable exemptions or deductions. For instance, tax bills in the 25th percentile are around $1,090, while those in the 75th percentile reach approximately $1,818, and the 90th percentile can be as high as $2,068. These figures illustrate the range of property tax obligations homeowners might face, depending on their property's assessed value and other factors. Understanding these variables is crucial for homeowners as it directly affects their annual financial planning. Accurate knowledge of one's property tax bill helps in budgeting and ensuring that all obligations are met timely.
Average New Pine Creek Tax Bill
$1,172
Average Lake County Tax Bill
$884
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across New Pine Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97635 | $685 | $1,090 | $1,172 | $1,818 | $2,068 |
Source: Ownwell