Applegate, Oregon Property Taxes
The median property tax rate in Applegate, OR is 0.44%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Applegate, the typical annual property tax bill reaches $348, significantly below the national median of $2,690. Property taxes in Applegate 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 Applegate'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 Applegate or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Applegate, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$619
Ownwell’s Applegate Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Applegate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Applegate to provide an estimated 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 Applegate, Oregon
Property taxes in Applegate, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Applegate is 0.44%, which is lower than the U.S. national median of 0.99%. Local government entities within Applegate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Applegate 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 Applegate's effective property tax rate to other regions and the national median. For comparison, the zip code 97530 has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these areas compare with Applegate provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Applegate Tax Rate
0.44%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Applegate, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97530 | 0.23% | 0.36% | 0.44% | 0.60% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Applegate, Oregon
In Applegate, 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 Jackson 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 Applegate, 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. The highest median tax bill in Applegate is $348.00 in the 97530 zip code, and the lowest median tax bill is also $348.00 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Applegate Assessed Value
$140,735
Average Jackson County Assessed Value
$322,910
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Applegate, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97530 | $2,722 | $28,140 | $140,735 | $336,135 | $385,511 |
Source: Ownwell
Property Tax Bills Across Applegate, Oregon
In Applegate, Jackson County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $140,735, homeowners can expect varying tax bills. The 25th percentile of tax bills is approximately $67, while the 75th percentile reaches around $1,341, and the 90th percentile is about $1,699. These figures show a wide range of tax obligations depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Applegate's tax rates can significantly impact homeowners, influencing their financial planning and long-term investments. The highest and lowest median tax bill in the area is reported at $348 within the zip code 97530, reflecting the localized nature of property tax assessments in Jackson County.
Average Applegate Tax Bill
$348
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Applegate, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97530 | $22 | $67 | $348 | $1,341 | $1,699 |
Source: Ownwell