Bates, Oregon Property Taxes
The median property tax rate in Bates, OR is 0.87%, slightly lower than the national median of 0.99% but higher than the Oregon state median of 0.86%. With a median home value of $150,810 in Bates, the typical annual property tax bill amounts to $1,376, which is below the national median of $2,690. Property taxes in Bates are determined based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in Bates, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bates 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
Bates, 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 Bates Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bates with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bates 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 Bates, Oregon
Property taxes in Bates, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bates is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Bates set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bates 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 Bates's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97817 zip code has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Bates provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bates Tax Rate
0.87%
Average Grant County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bates, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97817 | 0.73% | 0.81% | 0.87% | 0.93% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Bates, Oregon
In Bates, Oregon, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Grant County Assessor for tax purposes. Conversely, 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 Bates, 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. For instance, the highest median tax bill in Bates is $1376.00 in zip code 97817, while the lowest median tax bill is also $1376.00 in the same zip code. Being aware of these valuation processes in Bates helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bates Assessed Value
$150,810
Average Grant County Assessed Value
$184,015
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bates, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97817 | $97,320 | $136,135 | $150,810 | $210,155 | $317,135 |
Source: Ownwell
Property Tax Bills Across Bates, Oregon
In Bates, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price in Bates is $150,810. Property tax rates are applied to this assessed value to determine the tax bill. Various factors influence the final amount, including local tax rates and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Bates is $1,014, while the 75th percentile reaches $2,258, and the 90th percentile climbs to $2,884. These figures show a range of possible tax bills homeowners might face depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, homeowners in Bates might find their property tax bills to be relatively moderate. Understanding these factors helps homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Bates Tax Bill
$1,376
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Bates, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97817 | $713 | $1,014 | $1,376 | $2,258 | $2,884 |
Source: Ownwell