Days Creek, Oregon Property Taxes
The median property tax rate in Days Creek, OR is 0.50%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Days Creek, the typical annual property tax bill is $482, well below the national median of $2,690. Property taxes in Days Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Days Creek’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 Days Creek or another part of Douglas County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Days Creek, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$523
Ownwell’s Days Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Days Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Days Creek 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 Days Creek, Oregon
Property taxes in Days Creek, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Days Creek is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Days Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Days Creek 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 Days Creek's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97429 has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Days Creek provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Days Creek Tax Rate
0.50%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Days Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97429 | 0.32% | 0.40% | 0.50% | 0.65% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Days Creek, Oregon
In Days Creek, 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 Douglas 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 Days Creek, 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. For instance, the median home price in the area is $104,618, with tax bills ranging from $107 at the 25th percentile to $1,700 at the 90th percentile. Interestingly, the zip code 97429 has both the highest and lowest median tax bills at $482. 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 Days Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Days Creek Assessed Value
$104,618
Average Douglas County Assessed Value
$222,242
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Days Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97429 | $6,527 | $21,246 | $104,618 | $239,748 | $328,432 |
Source: Ownwell
Property Tax Bills Across Days Creek, Oregon
In Days Creek, located in Douglas County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the market value of the property. The median home price in Days Creek is $104,618, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the specific tax rate set by local authorities, any exemptions or deductions homeowners may qualify for, and the overall budget needs of the county. For instance, the 25th percentile tax bill is around $107, while the 75th percentile reaches $1,128, and the 90th percentile can go up to $1,700. Compared to the national median property tax rate of 0.99%, Days Creek homeowners experience varying tax burdens based on their property's assessed value and applicable exemptions. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Days Creek Tax Bill
$482
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Days Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97429 | $31 | $107 | $482 | $1,128 | $1,700 |
Source: Ownwell