Mapleton, Oregon Property Taxes
The median property tax rate in Mapleton, OR is 0.61%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Mapleton at $269,399, the typical annual property tax bill amounts to $1,617, well below the national median of $2,690. Property taxes in Mapleton are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Mapleton'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 Mapleton 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
Mapleton, 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 Mapleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mapleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mapleton 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 Mapleton, Oregon
Property taxes in Mapleton, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mapleton is 0.61%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Mapleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mapleton 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 Mapleton's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97453 zip code has the highest median property tax rate of 0.61%, while the same 97453 zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Mapleton 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 Mapleton Tax Rate
0.61%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mapleton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97453 | 0.45% | 0.53% | 0.61% | 0.72% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Mapleton, Oregon
In Mapleton, 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 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 Mapleton, 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 Mapleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mapleton, the median home price is $269,399, with the 25th percentile tax bill at $802 and the 75th percentile at $2,223. The highest median tax bill recorded is $1,617 in the zip code 97453, which also matches the lowest median tax bill.
Average Mapleton Assessed Value
$269,399
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 Mapleton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97453 | $41,308 | $131,046 | $269,399 | $372,203 | $513,399 |
Source: Ownwell
Property Tax Bills Across Mapleton, Oregon
In Mapleton, Lane County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the assessed value include the property's market value, location, and any improvements or renovations made to the property. Homeowners in Mapleton can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $802, while at the 75th percentile, it reaches $2,223. The 90th percentile tax bill can go up to $3,061. The highest median tax bill in the area is $1,617, found in the 97453 zip code. These property tax bills can have a substantial impact on homeowners, affecting their overall housing costs and financial planning. Given that the national median property tax rate is 0.99%, homeowners in Mapleton should be aware of how their local rates compare to national averages to better manage their expenses.
Average Mapleton Tax Bill
$1,617
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mapleton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97453 | $297 | $802 | $1,617 | $2,223 | $3,061 |
Source: Ownwell