La Pine, Oregon Property Taxes
The median property tax rate in La Pine, OR is 0.60%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in La Pine, the typical annual property tax bill amounts to $1,202, well below the national median of $2,690. Property taxes in La Pine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding La Pine'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 La Pine or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Pine, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,047
Ownwell’s LA PINE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PINE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PINE 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 La Pine, Oregon
Property taxes in La Pine, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Pine is 0.60%, lower than the U.S. national median of 0.99%. Local government entities within La Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Pine 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 La Pine's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97739 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with La Pine 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 La Pine Tax Rate
0.60%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Pine, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97739 | 0.25% | 0.33% | 0.60% | 0.88% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across La Pine, Oregon
In LA PINE, 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 LA PINE, 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 LA PINE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in LA PINE is $174,550, with tax bills ranging from $569 at the 25th percentile to $2,594 at the 90th percentile. The zip code 97739 has both the highest and lowest median tax bill of $1,202.
Average La Pine Assessed Value
$174,550
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 La Pine, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97739 | $48,702 | $96,292 | $174,550 | $410,828 | $722,391 |
Source: Ownwell
Property Tax Bills Across La Pine, Oregon
Property tax bills in La Pine, Klamath County, Oregon, are determined based on the assessed value of a property, which is different from its market value. The assessed value is calculated by the county assessor and is used as the basis for the tax rate. In La Pine, the median home price is $174,550, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, tax bills in La Pine can range significantly, with the 25th percentile at $569 and the 75th percentile at $1,945. For those at the 90th percentile, the tax bill can reach up to $2,594. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in La Pine, therefore, need to be aware of how these taxes are calculated as they directly impact their annual financial obligations and the quality of community services.
Average La Pine Tax Bill
$1,202
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across La Pine, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97739 | $272 | $569 | $1,202 | $1,945 | $2,594 |
Source: Ownwell