O Brien, Oregon Property Taxes
The median property tax rate in O'Brien, OR is 0.47%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in O'Brien at $161,650, the typical annual property tax bill amounts to $733, well below the national median of $2,690. Property taxes in O'Brien 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 O'Brien'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 O'Brien 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
O Brien, 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 O BRIEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in O BRIEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in O BRIEN 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 O Brien, Oregon
Property taxes in O'Brien, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in O'Brien is 0.47%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within O'Brien set these rates annually, and they can vary significantly across different neighborhoods. Each year, O'Brien 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 O'Brien's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97534 has both the highest and lowest median property tax rate of 0.47%, indicating uniformity in this region. Understanding how these rates compare with O'Brien provides valuable insights into the varying tax landscape across Josephine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average O Brien Tax Rate
0.47%
Average Josephine County Tax Rate
0.51%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across O Brien, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97534 | 0.27% | 0.38% | 0.47% | 0.59% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across O Brien, Oregon
In O BRIEN, 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 Josephine 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 O BRIEN, 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 O BRIEN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in O BRIEN are both $733.00, found in the zip code 97534.
Average O Brien Assessed Value
$161,650
Average Josephine County Assessed Value
$338,885
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across O Brien, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97534 | $2,224 | $27,000 | $161,650 | $247,650 | $348,430 |
Source: Ownwell
Property Tax Bills Across O Brien, Oregon
In O'Brien, located in Josephine County, OR, property taxes are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county assessor and typically reflects a percentage of the market value. Homeowners in O'Brien can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $111, while those at the 75th percentile see bills around $1,360. At the 90th percentile, tax bills can reach up to $1,764. These figures illustrate the range of property tax obligations in the area. Several factors influence the final tax bill, including the property's assessed value and the local tax rate. The median home price in O'Brien is $161,650, which provides a baseline for understanding how taxes might be applied. Compared to the national median property tax rate of 0.99%, the tax rates in O'Brien may vary, affecting homeowners differently based on their property's assessed value and specific tax rate applied by the county.
Average O Brien Tax Bill
$733
Average Josephine County Tax Bill
$1,771
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across O Brien, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97534 | $13 | $111 | $733 | $1,360 | $1,764 |
Source: Ownwell