Kimberly, Oregon Property Taxes
The median property tax rate in Kimberly, OR is 0.77%, lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Kimberly, the typical annual property tax bill reaches $3,476, surpassing the national median of $2,690. Property taxes in Kimberly 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 Kimberly'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 Kimberly 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
Kimberly, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$3,459
Ownwell’s Kimberly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimberly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimberly 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 Kimberly, Oregon
Property taxes in Kimberly, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimberly is 0.77%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Kimberly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimberly 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 Kimberly's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97848 has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Kimberly provides valuable insights into the varying tax landscape across Wheeler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kimberly Tax Rate
0.77%
Average Wheeler County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimberly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97848 | 0.23% | 0.44% | 0.77% | 0.92% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Kimberly, Oregon
In Kimberly, 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 Wheeler County 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 Kimberly, 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 Kimberly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,476, found in the 97848 zip code.
Average Kimberly Assessed Value
$449,280
Average Wheeler County Assessed Value
$186,970
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kimberly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97848 | $249,124 | $361,605 | $449,280 | $983,540 | $1,961,484 |
Source: Ownwell
Property Tax Bills Across Kimberly, Oregon
In Kimberly, located in Wheeler County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors influencing the assessed value include the home's market value, improvements made to the property, and local real estate trends. For homeowners in Kimberly, the median home price is $449,280. Property tax bills can vary significantly, with the 25th percentile at $2,081 and the 75th percentile at $6,051. The 90th percentile reaches as high as $11,681. These figures highlight the range of property tax bills homeowners might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Kimberly's property tax rates can lead to higher tax bills due to the relatively high home values. This impacts homeowners by potentially increasing their annual housing costs, which is an important consideration for both current residents and prospective buyers.
Average Kimberly Tax Bill
$3,476
Average Wheeler County Tax Bill
$1,745
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimberly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97848 | $1,023 | $2,081 | $3,476 | $6,051 | $11,681 |
Source: Ownwell