Powers, Oregon Property Taxes
The median property tax rate in Powers, OR is 0.63%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value in Powers of $168,300, the typical annual property tax bill amounts to $1,069, falling well below the national median of $2,690. Property taxes in Powers are calculated based on the tax assessed value, which often comes in lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Powers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Powers or another part of Coos County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Powers, 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 Powers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powers 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 Powers, Oregon
Property taxes in Powers, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powers is 0.63%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Powers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powers 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 Powers' effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97466 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Powers 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 Powers Tax Rate
0.63%
Average Coos County Tax Rate
0.60%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powers, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97466 | 0.40% | 0.51% | 0.63% | 0.75% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Powers, Oregon
In Powers, 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 Powers, 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. The median home price in Powers is $168,300, with tax bills ranging from $611 at the 25th percentile to $2,274 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Powers Assessed Value
$168,300
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 Powers, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97466 | $56,996 | $104,785 | $168,300 | $240,008 | $344,808 |
Source: Ownwell
Property Tax Bills Across Powers, Oregon
In Powers, located in Coos County, OR, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Powers is $168,300, and the property tax rate is calculated based on this assessed value. The tax bill can vary significantly, with the 25th percentile at $611 and the 75th percentile at $1,528, reflecting the range of property values and corresponding taxes in the area. For homeowners, this means that their annual property tax bill can be a significant expense, especially when compared to the national median property tax rate of 0.99%. The highest median tax bill within the area is $1,069, which is also the lowest, indicating a uniform tax rate within the zip code 97466. These taxes fund essential local services, such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding how these factors interplay can help homeowners better anticipate their annual financial obligations.
Average Powers Tax Bill
$1,069
Average Coos County Tax Bill
$2,086
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Powers, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97466 | $398 | $611 | $1,069 | $1,528 | $2,274 |
Source: Ownwell