Turner, Oregon Property Taxes
The median property tax rate in Turner, OR is 0.65%, notably lower than both the national median of 0.99% and Oregon's state median of 0.86%. With a median home value of $412,280 in Turner, the typical annual property tax bill reaches $2,736, which is slightly above the national median of $2,690. Property taxes in Turner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Turner'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 Turner 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
Turner, 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 Turner Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Turner. By entering your property's estimated assessed value, the calculator uses the median tax rate in Turner to provide an accurate estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, assigned by Marion County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Turner, Oregon
Property taxes in Turner, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turner is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Turner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turner 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 Turner's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97392 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Turner provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Turner Tax Rate
0.65%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turner, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97392 | 0.41% | 0.53% | 0.65% | 0.76% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Turner, Oregon
In Turner, 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 Marion County 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 Turner, 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 Turner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Turner is $2,736 in zip code 97392, while the lowest is also $2,736 in the same zip code.
Average Turner Assessed Value
$412,280
Average Marion County Assessed Value
$390,390
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Turner, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97392 | $129,680 | $239,305 | $412,280 | $609,115 | $800,284 |
Source: Ownwell
Property Tax Bills Across Turner, Oregon
In Turner, located in Marion County, OR, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by county assessors and is typically lower than the market value. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. For instance, Turner homeowners with properties assessed at the median home price of $412,280 can expect varying tax bills. The 25th percentile tax bill is $1,364, reflecting lower-end assessments or exemptions, while the 75th percentile tax bill is $4,096, indicating higher assessments or fewer exemptions. The 90th percentile reaches up to $4,988, showcasing the upper range of property taxes in the area. Comparatively, the highest and lowest median tax bills in the city both stand at $2,736, highlighting a uniformity within the specific zip code of 97392. These tax bills impact homeowners by influencing their annual financial planning and overall cost of homeownership.
Average Turner Tax Bill
$2,736
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Turner, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97392 | $783 | $1,364 | $2,736 | $4,096 | $4,988 |
Source: Ownwell