Winchester, Oregon Property Taxes
The median property tax rate in Winchester, OR is 0.57%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Winchester at $481,040, the typical annual property tax bill amounts to $2,667, just under the national median of $2,690. Property taxes in Winchester are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Winchester'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 Winchester or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winchester, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$2,742
Ownwell’s Winchester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winchester 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 Winchester, Oregon
Property taxes in Winchester, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winchester is 0.57%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Winchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchester 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 Winchester's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97495 zip code has the highest median property tax rate of 0.57%, while the 97495 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Winchester 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 Winchester Tax Rate
0.57%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winchester, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97495 | 0.41% | 0.52% | 0.57% | 0.61% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Winchester, Oregon
In Winchester, 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 Winchester, 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 Winchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97495, with a tax bill of $2,667.
Average Winchester Assessed Value
$481,040
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 Winchester, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97495 | $82,560 | $347,522 | $481,040 | $590,573 | $695,030 |
Source: Ownwell
Property Tax Bills Across Winchester, Oregon
In Winchester, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. The median home price in this area is $481,040. Homeowners in Winchester can expect their property tax bills to vary significantly, with the 25th percentile tax bill being $1,831 and the 75th percentile reaching $3,354. For those at the 90th percentile, the tax bill can be as high as $4,036. These tax bills are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Winchester's property taxes can be considered moderate to high, depending on the specific assessed value and location within the city. Higher property taxes can impact homeowners by increasing their annual housing costs, which in turn can affect their overall financial planning and home affordability.
Average Winchester Tax Bill
$2,667
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Winchester, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97495 | $389 | $1,831 | $2,667 | $3,354 | $4,036 |
Source: Ownwell