Long Creek, Oregon Property Taxes
The median property tax rate in Long Creek, OR is 0.56%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Long Creek at $126,225, the typical annual property tax bill amounts to $715, well below the national median of $2,690. Property taxes in Long 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 Long 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 Long Creek 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
Long Creek, 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 Long Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long 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 Long Creek, Oregon
Property taxes in Long Creek, Oregon, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Creek is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Long Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long 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 Long Creek's effective property tax rate to other regions in Oregon and the national median. For comparison, the zip code 97856 has both the highest and lowest median property tax rate of 0.56%. Understanding how these areas compare with Long Creek 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 Long Creek Tax Rate
0.56%
Average Grant County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Long Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97856 | 0.27% | 0.46% | 0.56% | 0.66% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Long Creek, Oregon
In Long 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 Grant 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 Long 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. 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 Long Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $715 in zip code 97856, which is also the lowest median tax bill, reflecting a consistent tax burden across the region.
Average Long Creek Assessed Value
$126,225
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 Long Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97856 | $54,949 | $84,478 | $126,225 | $210,422 | $463,611 |
Source: Ownwell
Property Tax Bills Across Long Creek, Oregon
In Long Creek, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value, and various factors such as the property's size, age, location, and condition are considered. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Long Creek, the median home price is $126,225. Property tax bills can vary significantly, with the 25th percentile paying around $499, while those in the 75th percentile face bills of approximately $1,257. At the 90th percentile, tax bills can reach up to $2,054. Compared to the national median property tax rate of 0.99%, Long Creek's property tax rates can be relatively moderate, making it an attractive location for homeowners. However, the variation in tax bills means that individual circumstances can significantly impact the overall cost of owning a home in this city.
Average Long Creek Tax Bill
$715
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97856 | $321 | $499 | $715 | $1,257 | $2,054 |
Source: Ownwell