Noti, Oregon Property Taxes
The median property tax rate in NOTI, OR is 0.61%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in NOTI, the typical annual property tax bill reaches $1,335, significantly below the national median of $2,690. Property taxes in NOTI 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 NOTI'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 NOTI or another part of Lane County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Noti, 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 NOTI Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NOTI with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NOTI 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 Noti, Oregon
Property taxes in NOTI, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in NOTI is 0.61%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within NOTI set these rates annually, and they can vary significantly across different neighborhoods. Each year, NOTI 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 NOTI's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97461 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with NOTI 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 Noti Tax Rate
0.61%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Noti, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97461 | 0.36% | 0.48% | 0.61% | 0.70% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Noti, Oregon
In NOTI, 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 Assessment and Taxation office 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 NOTI, 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. For example, the median home price in NOTI is $216,839, with tax bills ranging from $481 at the 25th percentile to $3,232 at the 90th percentile. The zip code 97461 has the highest median tax bill at $1,335. 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 NOTI helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Noti Assessed Value
$216,839
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 Noti, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97461 | $39,813 | $114,404 | $216,839 | $380,220 | $499,015 |
Source: Ownwell
Property Tax Bills Across Noti, Oregon
In the city of Noti, located in Lane County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. This assessed value is typically a percentage of the property's market value. Homeowners in Noti can expect their property tax bills to vary significantly, influenced by factors such as property size, location, and improvements made to the property. The median home price in Noti is $216,839, and the property tax rate is applied to this assessed value. Tax bills in this area range widely, with the 25th percentile at $481 and the 75th percentile at $2,414. For those in the 90th percentile, tax bills can reach up to $3,232. This variation highlights how different factors contribute to the overall tax burden. For comparison, the national median property tax rate is 0.99%, providing context for how Noti's rates measure up. Homeowners need to be aware of these factors, as they directly impact annual tax obligations and overall housing affordability.
Average Noti Tax Bill
$1,335
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Noti, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97461 | $185 | $481 | $1,335 | $2,414 | $3,232 |
Source: Ownwell