Union, Oregon Property Taxes
The median property tax rate in Union, OR is 0.74%, notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $186,385 in Union, the typical annual property tax bill amounts to $1,391, which is significantly below the national median of $2,690. Property taxes in Union are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Union's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Union or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,379
Ownwell’s Union Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union 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 Union, Oregon
Property taxes in Union, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Union set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union 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 Union's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97883 has the highest median property tax rate of 0.74%, while the same zip code also represents the lowest median tax rate of 0.74%. Understanding how these areas compare with Union provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Union Tax Rate
0.74%
Average Union County Tax Rate
0.94%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97883 | 0.56% | 0.65% | 0.74% | 0.82% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Union, Oregon
In Union, 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 Union 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 Union, 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. For instance, the median home price in Union is $186,385, with tax bills ranging from $862 at the 25th percentile to $2,599 at the 90th percentile. The zip code 97883 holds both the highest and lowest median tax bills at $1,391. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Union Assessed Value
$186,385
Average Union County Assessed Value
$216,270
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Union, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97883 | $77,606 | $126,210 | $186,385 | $262,598 | $358,404 |
Source: Ownwell
Property Tax Bills Across Union, Oregon
In Union, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners, the assessed value often differs from the market value, providing a more stable basis for taxation. Various factors influence the assessed value, including property size, location, and improvements made to the property. Homeowners in Union can expect property tax bills to vary significantly. The 25th percentile tax bill is $862, while the 75th percentile reaches $1,954, and the 90th percentile climbs to $2,599. These figures indicate that property taxes can impact homeowners differently, depending on the value of their property. Compared to the national median property tax rate of 0.99%, Union's tax bills reflect a range that can be both below and above the national average, affecting household budgets in diverse ways. This variation underscores the importance of understanding local property tax assessments and their implications.
Average Union Tax Bill
$1,391
Average Union County Tax Bill
$1,979
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Union, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97883 | $581 | $862 | $1,391 | $1,954 | $2,599 |
Source: Ownwell