Mosier, Oregon Property Taxes
The median property tax rate in Mosier, OR is 0.59%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $326,240, the typical annual property tax bill in Mosier amounts to $1,891, well below the national median of $2,690. Property taxes in Mosier are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mosier'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 Mosier 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
Mosier, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,925
Ownwell’s Mosier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mosier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mosier 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 Mosier, Oregon
Property taxes in Mosier, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mosier is 0.59%, lower than the U.S. national median of 0.99%. Local government entities within Mosier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mosier 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 Mosier's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97040 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Mosier provides valuable insights into the varying tax landscape across Wasco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mosier Tax Rate
0.59%
Average Wasco County Tax Rate
0.78%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mosier, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97040 | 0.36% | 0.48% | 0.59% | 0.75% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Mosier, Oregon
In Mosier, 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 county 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 Mosier, 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 Mosier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97040 has the highest median tax bill at $1891, which is also the lowest median tax bill in the area.
Average Mosier Assessed Value
$326,240
Average Wasco County Assessed Value
$294,180
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mosier, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97040 | $66,597 | $142,192 | $326,240 | $667,320 | $998,795 |
Source: Ownwell
Property Tax Bills Across Mosier, Oregon
In Mosier, located in Wasco County, OR, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is derived from the market value, which is then adjusted based on specific state guidelines. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. Homeowners in Mosier can expect property tax bills that vary significantly, with the 25th percentile at $724 and the 90th percentile reaching up to $6,183. The median home price in Mosier is $326,240, and the property tax rate in this area is relatively moderate compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligation tied to property ownership. This variability can affect budgeting and long-term financial planning, making it essential for homeowners to stay informed about their property’s assessed value and any changes in local tax rates.
Average Mosier Tax Bill
$1,891
Average Wasco County Tax Bill
$2,286
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mosier, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97040 | $349 | $724 | $1,891 | $4,146 | $6,183 |
Source: Ownwell