Fort Klamath, Oregon Property Taxes
The median property tax rate in Fort Klamath, OR is 0.41%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $126,625 in Fort Klamath, the typical annual property tax bill is $502, which is well below the national median of $2,690. Property taxes in Fort Klamath are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Klamath's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fort Klamath 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
Fort Klamath, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$519
Ownwell’s FORT KLAMATH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT KLAMATH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT KLAMATH 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 Fort Klamath, Oregon
Property taxes in Fort Klamath, Oregon, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Klamath is 0.41%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Fort Klamath set these rates annually, and they can vary across different neighborhoods. Each year, Fort Klamath 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 Fort Klamath's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97626 has both the highest and lowest median property tax rate of 0.41%. Understanding how these areas compare with Fort Klamath provides valuable insights into the varying tax landscape across Klamath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Klamath Tax Rate
0.41%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Klamath, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97626 | 0.31% | 0.36% | 0.41% | 0.51% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Fort Klamath, Oregon
In Fort Klamath, 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 Klamath 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 Fort Klamath, 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 Fort Klamath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fort Klamath is $502.00, which is also the lowest, found in the zip code 97626.
Average Fort Klamath Assessed Value
$126,625
Average Klamath County Assessed Value
$184,440
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Klamath, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97626 | $25,114 | $55,458 | $126,625 | $250,328 | $545,901 |
Source: Ownwell
Property Tax Bills Across Fort Klamath, Oregon
In Fort Klamath, property tax bills are calculated based on the assessed value of a property, which is determined by the Klamath County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $126,625, homeowners can expect varying tax bills depending on specific factors such as property location and any applicable exemptions. Homeowners in Fort Klamath typically see tax bills ranging from $244 at the 25th percentile to $910 at the 75th percentile, with the 90th percentile reaching up to $1,527. The highest median tax bill recorded in the area stands at $502, which is notably lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these factors interplay can help residents better anticipate their annual property tax obligations and manage their finances accordingly.
Average Fort Klamath Tax Bill
$502
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Klamath, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97626 | $124 | $244 | $502 | $910 | $1,527 |
Source: Ownwell