Bridgeport, Oregon Property Taxes
The median property tax rate in Bridgeport, OR is 0.39%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Bridgeport at $324,320, the typical annual property tax bill is $1,584, which is considerably less than the national median of $2,690. Property taxes in Bridgeport are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bridgeport'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 Bridgeport 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
Bridgeport, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$1,265
Ownwell’s Bridgeport Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bridgeport to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scroll down for 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 Bridgeport, Oregon
Property taxes in Bridgeport, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeport is 0.39%, significantly lower than the U.S. national median of 0.99%. Local government entities within Bridgeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeport 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 Bridgeport's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate within the region is found in ZIP code 97201 at 1.24%, while the lowest median tax rate is in ZIP code 97001 at 0.35%. Understanding how these cities compare with Bridgeport provides valuable insights into the varying tax landscape across Baker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeport Tax Rate
0.39%
Average Baker County Tax Rate
0.80%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97819 | 0.29% | 0.38% | 0.39% | 0.50% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, Oregon
In Bridgeport, 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 Baker 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 Bridgeport, 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 Bridgeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97819 has the highest median tax bill at $1,584, while the lowest median tax bill is also in the same zip code.
Average Bridgeport Assessed Value
$324,320
Average Baker County Assessed Value
$242,200
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97819 | $77,686 | $147,730 | $324,320 | $979,460 | $1,306,300 |
Source: Ownwell
Property Tax Bills Across Bridgeport, Oregon
In Bridgeport, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Bridgeport, the median home price is $324,320. The tax bill can vary significantly, with the 25th percentile at $713, the 75th percentile at $3,471, and the 90th percentile reaching up to $5,117. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. This variability means that homeowners in Bridgeport can experience a wide range of tax obligations. The median property tax rate in the area is 0.49%, which is below the national median of 0.99%. This lower rate can make homeownership more affordable compared to other regions, although individual tax bills will still depend on the specific assessed value of each property.
Average Bridgeport Tax Bill
$1,584
Average Baker County Tax Bill
$1,787
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97819 | $268 | $713 | $1,584 | $3,471 | $5,117 |
Source: Ownwell