Oxbow, Oregon Property Taxes
The median property tax rate in Oxbow, OR is 0.67%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Oxbow at $169,220, the typical annual property tax bill amounts to $1,023, which is well below the national median of $2,690. Property taxes in Oxbow are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Oxbow'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 Oxbow or another part of Baker County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oxbow, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,134
Ownwell’s Oxbow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oxbow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oxbow 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 Oxbow, Oregon
Property taxes in Oxbow, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oxbow is 0.67%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Oxbow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oxbow 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 Oxbow's effective property tax rate to other areas within Baker County and the national median. For comparison, the zip code 97840 has the highest median property tax rate of 0.67%, while the lowest median tax rate also stands at 0.67%. Understanding how these areas compare with Oxbow 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 Oxbow Tax Rate
0.67%
Average Baker County Tax Rate
0.80%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oxbow, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97840 | 0.36% | 0.48% | 0.67% | 0.87% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Oxbow, Oregon
In Oxbow, 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 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 Oxbow, 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 Oxbow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Oxbow are both $1,023, specifically in the 97840 zip code.
Average Oxbow Assessed Value
$169,220
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 Oxbow, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97840 | $8,760 | $106,848 | $169,220 | $299,828 | $345,015 |
Source: Ownwell
Property Tax Bills Across Oxbow, Oregon
In Oxbow, located in Baker County, OR, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. Homeowners in Oxbow can expect varying property tax bills, with the 25th percentile being around $755 and the 75th percentile reaching up to $1,589. At the 90th percentile, tax bills can go as high as $2,531. Several factors influence the final tax bill, including local tax rates, property characteristics, and any applicable exemptions or deductions. For instance, the median home price in Oxbow is $169,220, which helps frame the context for these tax amounts. Compared to the national median property tax rate of 0.99%, Oxbow's property taxes can be seen as relatively moderate. These taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the community.
Average Oxbow Tax Bill
$1,023
Average Baker County Tax Bill
$1,787
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Oxbow, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97840 | $289 | $755 | $1,023 | $1,589 | $2,531 |
Source: Ownwell