Cascade Locks, Oregon Property Taxes
The median property tax rate in Cascade Locks, OR is 0.84%, slightly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Cascade Locks at $236,765, the typical annual property tax bill reaches $2,222, which is below the national median of $2,690. Property taxes in Cascade Locks 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 Cascade Locks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cascade Locks 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
Cascade Locks, 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 Cascade Locks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cascade Locks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cascade Locks 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 Cascade Locks, Oregon
Property taxes in Cascade Locks, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascade Locks is 0.84%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Cascade Locks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cascade Locks 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. Understanding how Cascade Locks' effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Hood River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cascade Locks Tax Rate
0.84%
Average Hood River County Tax Rate
0.62%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cascade Locks, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97014 | 0.59% | 0.71% | 0.84% | 0.98% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Cascade Locks, Oregon
In Cascade Locks, 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 Hood River 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. 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 Cascade Locks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cascade Locks is $236,765, with tax bills ranging from $1,583 at the 25th percentile to $3,651 at the 90th percentile. The highest and lowest median tax bills are both $2,222 in the 97014 zip code.
Average Cascade Locks Assessed Value
$236,765
Average Hood River County Assessed Value
$504,545
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cascade Locks, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97014 | $30,789 | $137,938 | $236,765 | $354,485 | $451,122 |
Source: Ownwell
Property Tax Bills Across Cascade Locks, Oregon
Property tax bills in Cascade Locks, located in Hood River County, OR, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Cascade Locks, the median home price is $236,765. Several factors influence the tax bill, including property improvements, market conditions, and changes in local tax rates. For example, the tax bill can vary significantly within the city, with the 25th percentile at $1,583 and the 75th percentile reaching $3,021. At the 90th percentile, homeowners might see a tax bill as high as $3,651. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly affecting the quality of life in Cascade Locks. Compared to the national median property tax rate of 0.99%, the tax rates in Cascade Locks reflect the unique economic and property valuation conditions of the region.
Average Cascade Locks Tax Bill
$2,222
Average Hood River County Tax Bill
$3,258
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascade Locks, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97014 | $777 | $1,583 | $2,222 | $3,021 | $3,651 |
Source: Ownwell