Fall Creek, Oregon Property Taxes
The median property tax rate in Fall Creek, OR is 0.59%, significantly lower than both the national median of 0.99% and Oregon's state median of 0.86%. With a median home value of $335,266 in Fall Creek, the typical annual property tax bill amounts to $1,849, well below the national median of $2,690. Property taxes in Fall Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fall Creek'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 Fall Creek or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fall Creek, 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 Fall Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fall Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fall 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 Fall Creek, Oregon
Property taxes in Fall Creek, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fall Creek is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Fall Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fall 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 Fall Creek's effective property tax rate to other counties in Oregon and the national median. For comparison, the ZIP code 97438 has the highest median property tax rate of 0.59%, while the same ZIP code also has the lowest median tax rate of 0.59%. Understanding how these areas compare with Fall Creek provides valuable insights into the varying tax landscape across Lane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fall Creek Tax Rate
0.59%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fall Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97438 | 0.31% | 0.44% | 0.59% | 0.69% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Fall Creek, Oregon
In Fall 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 Lane 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 Fall 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 Fall Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,849, which is determined from the zip code 97438.
Average Fall Creek Assessed Value
$335,266
Average Lane County Assessed Value
$368,888
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fall Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97438 | $57,847 | $133,812 | $335,266 | $485,399 | $637,211 |
Source: Ownwell
Property Tax Bills Across Fall Creek, Oregon
In Fall Creek, Lane County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is not necessarily the same as the market value but is often a percentage of it. The tax rate is then applied to this assessed value to calculate the tax bill. For example, while the national median property tax rate is 0.99%, the specific rate in Lane County can vary. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Fall Creek can expect a wide range of property tax bills. For instance, the tax bill at the 25th percentile is around $645, while at the 75th percentile, it jumps to approximately $3,092. At the 90th percentile, it can reach as high as $3,981. These variations significantly affect homeowners, impacting monthly budgets and long-term financial planning. The highest median tax bill in the area is $1,849, specific to the 97438 zip code.
Average Fall Creek Tax Bill
$1,849
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Fall Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97438 | $215 | $645 | $1,849 | $3,092 | $3,981 |
Source: Ownwell