Dallas, Oregon Property Taxes
The median property tax rate in Dallas, Oregon, is 0.69%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $377,520 in Dallas, the typical annual property tax bill amounts to $2,511, falling below the national median of $2,690. Property taxes in Dallas are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Dallas'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 Dallas or another part of Polk County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dallas, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$2,605
Ownwell’s Dallas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dallas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dallas 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 Dallas, Oregon
Property taxes in Dallas, OR, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dallas is 0.69%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Dallas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dallas 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 Dallas's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97338 zip code has the highest median property tax rate of 0.69%, while the same 97338 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Dallas provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dallas Tax Rate
0.69%
Average Polk County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dallas, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97338 | 0.41% | 0.59% | 0.69% | 0.75% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Dallas, Oregon
In Dallas, 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 Polk 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 Dallas, 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 Dallas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97338, with a median tax bill of $2,511.
Average Dallas Assessed Value
$377,520
Average Polk County Assessed Value
$397,555
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dallas, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97338 | $87,894 | $259,235 | $377,520 | $465,720 | $557,194 |
Source: Ownwell
Property Tax Bills Across Dallas, Oregon
In Dallas, Oregon, property tax bills are determined by evaluating the assessed value of a home, which is often lower than its market value. The local property tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $377,520, homeowners can expect varying tax bills depending on their property’s assessed value and specific circumstances. Several factors influence the tax bill, including property location, improvements, and any applicable exemptions. In Dallas, the 25th percentile tax bill is around $1,523, while the 75th percentile tax bill reaches $3,319. The 90th percentile tax bill can go up to $4,079, reflecting the variation in property values and assessments. Homeowners in Dallas should be aware that these property taxes fund essential local services such as schools, public safety, and infrastructure. While the property tax rate in Dallas may be comparable to the national median of 0.99%, individual tax bills can vary significantly, impacting household budgets and financial planning.
Average Dallas Tax Bill
$2,511
Average Polk County Tax Bill
$3,175
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Dallas, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97338 | $541 | $1,523 | $2,511 | $3,319 | $4,079 |
Source: Ownwell