Prairie City, Oregon Property Taxes
The median property tax rate in Prairie City, OR is 0.87%, slightly below the national median of 0.99% but just above the Oregon state median of 0.86%. With the median home value in Prairie City at $154,840, the typical annual property tax bill is $1,266, which is considerably lower than the national median of $2,690. Property taxes in Prairie City are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Prairie City'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 Prairie City 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
Prairie City, 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 Prairie City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prairie City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prairie City 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 Prairie City, Oregon
Property taxes in Prairie City, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prairie City is 0.87%, slightly lower than the U.S. national median of 0.99%. Local government entities within Prairie City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prairie City 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 Prairie City's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97869 zip code has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Prairie City 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 Prairie City 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 Prairie City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97869 | 0.58% | 0.73% | 0.87% | 1.01% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Prairie City, Oregon
In Prairie City, 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 Appraisal District 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 Prairie City, 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 Prairie City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the 97869 zip code is $1266, aligning with both the highest and lowest median tax bills in the area.
Property Tax Assessment Values Across Prairie City, Oregon
Source: Ownwell
$35,560
$1,131,735
$2,227,910
Average Prairie City Assessed Value
$154,840
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 Prairie City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97869 | $81,134 | $110,430 | $154,840 | $212,450 | $332,988 |
Source: Ownwell
Property Tax Bills Across Prairie City, Oregon
In Prairie City, located in Grant County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically lower than the market value and is used to ensure a fair tax distribution. Homeowners in Prairie City can expect their property tax bills to vary significantly depending on the value of their property. For example, the 25th percentile tax bill is around $905, while those in the 75th percentile can expect to pay approximately $1,842. At the higher end, the 90th percentile tax bill reaches up to $2,563. These tax bills are influenced by various factors, including local tax rates, which are applied to the assessed value, and any applicable exemptions or deductions. The median home price in Prairie City is $154,840, and the property tax rate in this area is relatively low compared to the national median property tax rate of 0.99%. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners differently based on their property's assessed value.
Average Prairie City Tax Bill
$1,266
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Prairie City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97869 | $730 | $905 | $1,266 | $1,842 | $2,563 |
Source: Ownwell