Trail, Oregon Property Taxes
The median property tax rate in Trail, Oregon is 0.45%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Trail, the typical annual property tax bill reaches $1,061, significantly below the national median of $2,690. Property taxes in Trail 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 Trail'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 Trail 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
Trail, 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 Trail Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trail with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trail 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 Trail, Oregon
Property taxes in Trail, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trail is 0.45%, lower than the U.S. national median of 0.99%. Local government entities within Trail set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trail 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 Trail's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97541 zip code has the highest median property tax rate of 0.45%, while the 97541 zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Trail 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 Trail Tax Rate
0.45%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trail, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97541 | 0.25% | 0.34% | 0.45% | 0.55% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Trail, Oregon
In Trail, 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 Trail, 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 Trail helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Trail, the highest and lowest median tax bills are both $1,061, found in the 97541 zip code.
Average Trail Assessed Value
$138,440
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 Trail, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97541 | $29,196 | $62,115 | $138,440 | $360,120 | $471,846 |
Source: Ownwell
Property Tax Bills Across Trail, Oregon
In TRAIL, located in Jackson County, OR, property tax bills are calculated based on the assessed value of the home rather than its market value. The assessed value is determined by the county assessor and typically reflects a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in TRAIL, the median home price is $138,440. Property tax bills can vary significantly, with the 25th percentile tax bill at $244 and the 75th percentile tax bill at $1,919. The 90th percentile tax bill can go up to $2,350. These figures indicate that while some homeowners may pay relatively low property taxes, others could face much higher bills, depending on the assessed value of their property and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, the property tax rates in TRAIL can have a substantial impact on homeowners' annual expenses, influencing their overall cost of living and financial planning.
Average Trail Tax Bill
$1,061
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Trail, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97541 | $88 | $244 | $1,061 | $1,919 | $2,350 |
Source: Ownwell