Plush, Oregon Property Taxes
The median property tax rate in Plush, OR is 0.50%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Plush, the typical annual property tax bill reaches $1,187, significantly below the national median of $2,690. Property taxes in Plush 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 Plush'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 Plush or another part of Lake County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plush, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$963
Ownwell’s Plush Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plush with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plush 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 Plush, Oregon
Property taxes in Plush, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plush is 0.50%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Plush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plush 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 Plush's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97637 zip code has both the highest and lowest median property tax rate at 0.50%. Understanding how these areas compare with Plush 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 Plush Tax Rate
0.50%
Average Lake County Tax Rate
0.80%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plush, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97637 | 0.17% | 0.23% | 0.50% | 0.63% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Plush, Oregon
In Plush, 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 Plush, 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 Plush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Plush are both $1187, found in the zip code 97637.
Average Plush Assessed Value
$192,650
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 Plush, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97637 | $52,190 | $79,835 | $192,650 | $643,230 | $1,254,860 |
Source: Ownwell
Property Tax Bills Across Plush, Oregon
In Plush, Lake County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor's office. The assessed value is then multiplied by the local property tax rate. For example, with a median home price of $192,650, homeowners can expect varying tax bills depending on their property's assessed value and any applicable exemptions or deductions. Factors influencing the tax bill include the property's market value, any improvements or modifications, and local tax levies. Homeowners in Plush experience a range of tax bills, with the 25th percentile at $616 and the 75th percentile at $1,888. The 90th percentile tax bill reaches $3,267, highlighting how property values and tax rates can significantly impact what homeowners owe. Compared to the national median property tax rate of 0.99%, the property tax rates in Plush can be considered moderate, but they still represent a significant expense for homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Plush Tax Bill
$1,187
Average Lake County Tax Bill
$884
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Plush, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97637 | $296 | $616 | $1,187 | $1,888 | $3,267 |
Source: Ownwell