Broadbent, Oregon Property Taxes
The median property tax rate in Broadbent, 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 Broadbent at $275,060, the typical annual property tax bill is $1,126, which is well below the national median of $2,690. Property taxes in Broadbent are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Broadbent'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 Broadbent 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
Broadbent, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$1,073
Ownwell’s Broadbent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broadbent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broadbent 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 Broadbent, Oregon
Property taxes in Broadbent, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broadbent is 0.73%, which is higher than the Oregon state median of 0.90% but lower than the U.S. national median of 0.99%. Local government entities within Broadbent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broadbent 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 Broadbent's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in the county is 1.15%, while the lowest median tax rate is 0.39%. Understanding how these cities compare with Broadbent provides valuable insights into the varying tax landscape across Coos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Broadbent Tax Rate
0.39%
Average Coos County Tax Rate
0.60%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broadbent, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97414 | 0.29% | 0.32% | 0.39% | 0.46% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Broadbent, Oregon
In Broadbent, 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 Coos 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 Broadbent, 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 Broadbent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Broadbent is $275,060, with the 25th percentile tax bill at $807 and the 75th percentile tax bill at $1,586. The highest and lowest median tax bills are both $1,126, found in the 97414 zip code.
Average Broadbent Assessed Value
$275,060
Average Coos County Assessed Value
$340,850
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Broadbent, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97414 | $179,520 | $216,358 | $275,060 | $393,725 | $498,455 |
Source: Ownwell
Property Tax Bills Across Broadbent, Oregon
In Broadbent, located in Coos County, OR, property tax bills are calculated based on the assessed value of the home rather than its market value. The assessed value is determined by the local tax assessor and reflects a percentage of the home's market value, which can fluctuate based on various factors like market conditions and property improvements. The median home price in Broadbent is $275,060, and the property tax rate is applied to this assessed value to determine the annual tax bill. The tax bill can vary significantly among homeowners. For example, the 25th percentile tax bill is $807, while the 75th percentile tax bill is $1,586, and at the 90th percentile, it can reach up to $2,376. These variations are influenced by differences in assessed property values and any applicable exemptions or deductions. Homeowners in Broadbent should be aware that property taxes are a significant part of homeownership costs, and understanding how these taxes are calculated can help in financial planning and budgeting.
Average Broadbent Tax Bill
$1,126
Average Coos County Tax Bill
$2,086
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Broadbent, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97414 | $591 | $807 | $1,126 | $1,586 | $2,376 |
Source: Ownwell