Hermiston, Oregon Property Taxes
The median property tax rate in Hermiston, OR is 1.22%, considerably higher than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Hermiston at $255,910, the typical annual property tax bill reaches $3,091, exceeding the national median of $2,690. Property taxes in Hermiston 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 Hermiston'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 Hermiston 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
Hermiston, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$3,122
Ownwell’s Hermiston Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hermiston with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hermiston to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular details, scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by Umatilla County for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Hermiston, Oregon
Property taxes in Hermiston, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hermiston is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hermiston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hermiston 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 Hermiston's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97838 zip code has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Hermiston provides valuable insights into the varying tax landscape across Umatilla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hermiston Tax Rate
1.22%
Average Umatilla County Tax Rate
1.10%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hermiston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97838 | 0.66% | 0.89% | 1.22% | 1.44% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Hermiston, Oregon
In Hermiston, 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 Umatilla 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 Hermiston, 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 Hermiston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hermiston are both $3,091, and the zip code with these values is 97838.
Average Hermiston Assessed Value
$255,910
Average Umatilla County Assessed Value
$206,880
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hermiston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97838 | $137,900 | $190,510 | $255,910 | $349,730 | $463,430 |
Source: Ownwell
Property Tax Bills Across Hermiston, Oregon
In Hermiston, Umatilla County, OR, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is often lower than the market value of the property. The local tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and condition. In Hermiston, the median home price is $255,910, and the property tax rate is typically around 1.21%, resulting in a median tax bill of approximately $3,091. Comparatively, this is higher than the national median property tax rate of 0.99%. Homeowners in Hermiston can expect a tax bill ranging from $2,115 at the 25th percentile to $5,197 at the 90th percentile, depending on the specific characteristics of their property. This tax burden can affect homeowners' financial planning and the overall affordability of owning a home in the area.
Average Hermiston Tax Bill
$3,091
Average Umatilla County Tax Bill
$2,157
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Hermiston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97838 | $1,332 | $2,115 | $3,091 | $4,085 | $5,197 |
Source: Ownwell