Blachly, Oregon Property Taxes
The median property tax rate in Blachly, OR is 0.57%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Blachly, the typical annual property tax bill reaches $1,274, which is well below the national median of $2,690. Property taxes in Blachly 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 Blachly'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 Blachly 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
Blachly, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,292
Ownwell’s Blachly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blachly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blachly 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 Blachly, Oregon
Property taxes in Blachly, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blachly is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Blachly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blachly 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 Blachly's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97412 has both the highest and lowest median property tax rate of 0.57%, highlighting the uniformity within Blachly. Understanding how these cities compare with Blachly provides valuable insights into the varying tax landscape across Lane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blachly Tax Rate
0.57%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blachly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97412 | 0.37% | 0.48% | 0.57% | 0.68% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Blachly, Oregon
In Blachly, 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 Lane County Appraisal District 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 Blachly, 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 Blachly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97412 has the highest median tax bill at $1274, which is the same for the lowest median tax bill, reflecting a uniform tax landscape in the area.
Average Blachly Assessed Value
$226,586
Average Lane County Assessed Value
$368,888
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blachly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97412 | $29,097 | $89,937 | $226,586 | $332,324 | $460,238 |
Source: Ownwell
Property Tax Bills Across Blachly, Oregon
In Blachly, located in Lane County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is different from the market value and typically reflects a percentage of the market value. Homeowners in Blachly can expect their property tax bills to vary significantly, with the 25th percentile tax bill being around $457 and the 75th percentile reaching up to $1,915. The 90th percentile tax bill can be as high as $2,671. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Blachly is $226,586, which helps determine the overall tax burden. Comparatively, the national median property tax rate stands at 0.99%, making it essential for homeowners to understand how local rates and assessments impact their annual tax obligations. This variation in tax bills can significantly affect homeowners' financial planning and long-term investment in their property.
Average Blachly Tax Bill
$1,274
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Blachly, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97412 | $169 | $457 | $1,274 | $1,915 | $2,671 |
Source: Ownwell