Bend, Oregon Property Taxes
The median property tax rate in Bend, OR is 0.44%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Bend at $698,205, the typical annual property tax bill reaches $3,068, which still exceeds the national median of $2,690. Property taxes in Bend 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 Bend'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 Bend 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
Bend, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$3,072
Ownwell’s Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bend 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 Bend, Oregon
Property taxes in Bend, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bend is 0.44%, which is lower than the U.S. national median of 0.99%. Local government entities within Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bend 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 Bend's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97701 zip code has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Bend provides valuable insights into the varying tax landscape across Crook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bend Tax Rate
0.44%
Average Crook County Tax Rate
0.56%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bend, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97701 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Bend, Oregon
In Bend, 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 Crook 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 Bend, 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 Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bend both fall in the 97701 zip code, amounting to $3,068.
Average Bend Assessed Value
$698,205
Average Crook County Assessed Value
$411,765
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bend, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97701 | $659,465 | $673,992 | $698,205 | $722,418 | $736,945 |
Source: Ownwell
Property Tax Bills Across Bend, Oregon
In Bend, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The assessed value is determined by the local assessor's office and is typically lower than the market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For Bend homeowners, the median home price is $698,205. Factors that influence the tax bill include property size, location, and any improvements or renovations made. For instance, in Bend, the tax bill at the 25th percentile is $2,980, while at the 75th percentile, it rises to $3,157. The highest median tax bill recorded in the area is $3,068 in the 97701 zip code. These tax bills significantly impact homeowners by contributing to their overall housing costs. While Bend's property tax rates may seem moderate, they can still add a substantial amount to annual expenses, especially when compared to the national median property tax rate of 0.99%.
Average Bend Tax Bill
$3,068
Average Crook County Tax Bill
$2,320
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Bend, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97701 | $2,927 | $2,980 | $3,068 | $3,157 | $3,210 |
Source: Ownwell