Condon, Oregon Property Taxes
The median property tax rate in Condon, OR is 0.11%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Condon, the typical annual property tax bill amounts to $205, far below the national median of $2,690. Property taxes in Condon are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Condon's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Condon or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Condon, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.11%
Estimate Property Tax Bill
$209
Ownwell’s Condon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Condon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Condon 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 Condon, Oregon
Property taxes in Condon, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Condon is 0.84%, which is significantly higher than the Oregon state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Condon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Condon 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 Condon's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in Oregon is found in Multnomah County, with a rate of 1.22%, while the lowest median tax rate is in Josephine County at 0.56%. Understanding how these cities compare with Condon provides valuable insights into the varying tax landscape across Gilliam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Condon Tax Rate
0.11%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% |
Source: Ownwell
Property Tax Assessment Values Across Condon, Oregon
In Condon, 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 local 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 Condon, 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 Condon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Condon are both $205, found in zip code 97823.
Average Condon Assessed Value
$190,440
Average Tillamook County Assessed Value
$397,740
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | $190,440 | $190,440 | $190,440 | $190,440 | $190,440 |
Source: Ownwell
Property Tax Bills Across Condon, Oregon
In Condon, located in Tillamook County, OR, property tax bills are calculated based on the assessed value of the property, which is typically lower than the market value. The median home price in Condon is $190,440, and the median property tax bill is $205. This rate is significantly lower than the national median property tax rate of 0.99%. The property tax bill is determined by multiplying the assessed value of the home by the local property tax rate. Factors such as property improvements, changes in market conditions, and local government budgets influence the assessed value. Homeowners in Condon benefit from relatively low property tax bills, with even the 90th percentile of tax bills capping at $205. This low property tax burden can make homeownership more affordable and attractive in Condon, potentially increasing the appeal of the area for prospective buyers. However, it also means that local government services funded by property taxes may have limited budgets compared to areas with higher property tax rates.
Average Condon Tax Bill
$205
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | $205 | $205 | $205 | $205 | $205 |
Source: Ownwell