Ashwood, Oregon Property Taxes
The median property tax rate in Ashwood, Oregon is 0.29%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Ashwood at $89,705, the typical annual property tax bill reaches $285, significantly below the national median of $2,690. Property taxes in Ashwood 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 Ashwood'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 Ashwood 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
Ashwood, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$260
Ownwell’s Ashwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashwood 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 Ashwood, Oregon
Property taxes in Ashwood, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashwood is 0.86%, lower than the Oregon state median of 0.90% but still below the U.S. national median of 0.99%. Local government entities within Ashwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashwood 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 Ashwood's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in the region is 1.17%, while the lowest median tax rate is 0.80%. Understanding how these cities compare with Ashwood provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashwood Tax Rate
0.29%
Average Jefferson County Tax Rate
0.67%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97711 | 0.22% | 0.25% | 0.29% | 0.33% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Ashwood, Oregon
In Ashwood, 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 Jefferson 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 Ashwood, 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 Ashwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Ashwood is $89,705. The highest median tax bill in the area is $285 in the 97711 zip code, while the lowest median tax bill is also $285 in the same zip code. By keeping these figures in mind, property owners can better understand their potential tax liabilities and explore ways to minimize them.
Average Ashwood Assessed Value
$89,705
Average Jefferson County Assessed Value
$346,110
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97711 | $10,991 | $59,435 | $89,705 | $174,405 | $200,505 |
Source: Ownwell
Property Tax Bills Across Ashwood, Oregon
In Ashwood, Jefferson County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is typically lower than the market value and is adjusted annually. The tax rate is applied to this assessed value to compute the tax bill. For homeowners in Ashwood, the median home price is $89,705. Property tax bills can vary significantly. For instance, the 25th percentile tax bill is $125, whereas the 75th percentile tax bill is $585. At the 90th percentile, homeowners might see tax bills around $732. These figures highlight the range of property tax burdens within the community. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax rates. Higher property taxes can impact homeowners by increasing their annual housing costs, potentially affecting affordability. Conversely, lower taxes can make homeownership more attainable but may result in fewer local services funded by these taxes.
Average Ashwood Tax Bill
$285
Average Jefferson County Tax Bill
$2,261
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97711 | $28 | $125 | $285 | $585 | $732 |
Source: Ownwell