Malin, Oregon Property Taxes
The median property tax rate in Malin, OR is 0.74%, which is significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Malin at $108,190, the typical annual property tax bill is $917, well below the national median of $2,690. Property taxes in Malin are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Malin'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 Malin or another part of Klamath County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Malin, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$801
Ownwell’s Malin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malin 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 Malin, Oregon
Property taxes in Malin, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malin is 0.74%, lower than the U.S. national median of 0.99%. Local government entities within Malin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malin 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 Malin's effective property tax rate to other areas in Klamath County and the national median. For comparison, the zip code 97632 has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these figures compare with Malin 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 Malin Tax Rate
0.74%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97632 | 0.50% | 0.63% | 0.74% | 1.07% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Malin, Oregon
In Malin, 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 Malin, 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 Malin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Malin are both $917, found in the zip code 97632.
Average Malin Assessed Value
$108,190
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 Malin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97632 | $21,308 | $56,042 | $108,190 | $220,998 | $313,975 |
Source: Ownwell
Property Tax Bills Across Malin, Oregon
In Malin, Klamath County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate. The median home price in Malin is $108,190. Homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate applicable to their area. For instance, the tax bill at the 25th percentile is approximately $497, while at the 75th percentile, it rises to about $1,527. At the 90th percentile, homeowners may face tax bills around $2,080. These figures illustrate how property taxes can vary significantly within the same locality. The highest and lowest median tax bill in the area is $917, found in the zip code 97632. Compared to the national median property tax rate of 0.99%, Malin's property tax rates can have a considerable impact on homeowners, influencing their overall financial planning and housing affordability.
Average Malin Tax Bill
$917
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Malin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97632 | $235 | $497 | $917 | $1,527 | $2,080 |
Source: Ownwell