Gales Creek, Oregon Property Taxes
The median property tax rate in Gales Creek, OR is 0.68%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Gales Creek at $379,405, the typical annual property tax bill is $2,635, slightly below the national median of $2,690. Property taxes in Gales Creek are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gales Creek'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 Gales Creek 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
Gales Creek, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Gales Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gales Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gales Creek 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 Gales Creek, Oregon
Property taxes in Gales Creek, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gales Creek is 0.68%, lower than the U.S. national median of 0.99%. Local government entities within Gales Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gales Creek 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 Gales Creek's effective property tax rate to other areas in Washington County and the national median. For comparison, the zip code 97117 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Gales Creek provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gales Creek Tax Rate
0.68%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gales Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97117 | 0.49% | 0.58% | 0.68% | 0.78% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Gales Creek, Oregon
In Gales Creek, 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 Washington County Assessment and Taxation office 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 Gales Creek, 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 Gales Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97117 has both the highest and lowest median tax bill, which is $2,635.
Average Gales Creek Assessed Value
$379,405
Average Washington County Assessed Value
$529,930
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gales Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97117 | $38,250 | $213,630 | $379,405 | $549,702 | $689,846 |
Source: Ownwell
Property Tax Bills Across Gales Creek, Oregon
In Gales Creek, located in Washington County, OR, property tax bills are calculated based on the assessed value of a home, which may differ from its market value. The median home price in Gales Creek is $379,405. Property taxes in this area are influenced by various factors, including local government budgets, school district needs, and public service funding. Homeowners in Gales Creek typically see a range of tax bills. For instance, the 25th percentile tax bill is around $1,606, while the 75th percentile reaches $3,680. The 90th percentile tax bill can be as high as $4,974. This variation reflects differences in property values and specific local tax rates. The highest and lowest median tax bills in Gales Creek are both $2,635, offering a sense of uniformity within the zip code 97117. Compared to the national median property tax rate of 0.99%, homeowners in Gales Creek may experience varying financial impacts based on their property's assessed value and the specific local tax rates applied.
Average Gales Creek Tax Bill
$2,635
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gales Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97117 | $545 | $1,606 | $2,635 | $3,680 | $4,974 |
Source: Ownwell