Winchester Bay, Oregon Property Taxes
The median property tax rate in Winchester Bay, OR is 0.55%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Winchester Bay at $59,874, the typical annual property tax bill is $257, significantly less than the national median of $2,690. Property taxes in Winchester Bay 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 Winchester Bay'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 Winchester Bay 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
Winchester Bay, 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 Winchester Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winchester Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winchester Bay 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 Douglas County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Winchester Bay, Oregon
Property taxes in Winchester Bay, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winchester Bay is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Winchester Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchester Bay 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 Bay's effective property tax rate to other regions in Oregon and the national median. For comparison, the 97467 zip code has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Winchester Bay 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 Bay Tax Rate
0.55%
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 Bay, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97467 | 0.11% | 0.28% | 0.55% | 0.73% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Winchester Bay, Oregon
In Winchester Bay, 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 Bay, 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. Winchester Bay's median home price is $59,874, with tax bills ranging from $134 at the 25th percentile to $2,964 at the 90th percentile. The highest and lowest median tax bills in the area are both $257, found in the 97467 zip code. 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 Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winchester Bay Assessed Value
$59,874
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 Bay, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97467 | $6,489 | $33,334 | $59,874 | $162,522 | $508,704 |
Source: Ownwell
Property Tax Bills Across Winchester Bay, Oregon
In Winchester Bay, located in Douglas County, OR, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by county assessors. For homeowners in Winchester Bay, the median home price is $59,874. The property tax rate in this area is influenced by the county's needs and budgetary constraints. Homeowners can expect their tax bills to vary significantly depending on the assessed value of their property. For instance, the 25th percentile tax bill is $134, while the 75th percentile tax bill is $723. The highest median tax bill in the area is $257. These figures indicate that Winchester Bay's property taxes are generally lower than the national median property tax rate of 0.99%, offering some financial relief to homeowners. However, the tax burden can still be substantial, especially for properties assessed at higher values, with the 90th percentile tax bill reaching up to $2,964.
Average Winchester Bay Tax Bill
$257
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 Bay, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97467 | $39 | $134 | $257 | $723 | $2,964 |
Source: Ownwell