Wasco, Oregon Property Taxes
The median property tax rate in Wasco, OR is 0.71%, significantly lower than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Wasco at $153,460, the typical annual property tax bill is $1,101, well below the national median of $2,690. Property taxes in Wasco are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Wasco'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 Wasco or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wasco, 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 Wasco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wasco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wasco 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 Wasco, Oregon
Property taxes in Wasco, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wasco is 0.71%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Wasco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wasco 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 Wasco's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97065 zip code has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Wasco provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wasco Tax Rate
0.71%
Average Sherman County Tax Rate
0.76%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wasco, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97065 | 0.47% | 0.61% | 0.71% | 0.84% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Wasco, Oregon
In Wasco, 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 local 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 Wasco, 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 Wasco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wasco is $153,460, with tax bills ranging from $451 at the 25th percentile to $2,917 at the 90th percentile. The zip code 97065 has both the highest and lowest median tax bill, at $1,101.
Average Wasco Assessed Value
$153,460
Average Sherman County Assessed Value
$168,555
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wasco, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97065 | $38,810 | $63,930 | $153,460 | $279,140 | $403,370 |
Source: Ownwell
Property Tax Bills Across Wasco, Oregon
Property tax bills in Wasco, located in Sherman County, OR, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically reflects a percentage of the market value of the home. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Wasco is $153,460, and property taxes can vary significantly within the area. Homeowners at the 25th percentile might see tax bills around $451, while those at the 75th percentile could face bills up to $1,895. At the 90th percentile, tax bills can reach as high as $2,917. These variations are influenced by factors such as property improvements, location, and local government budgets. Compared to the national median property tax rate of 0.99%, homeowners in Wasco experience a range of tax burdens that can substantially impact their annual financial planning.
Average Wasco Tax Bill
$1,101
Average Sherman County Tax Bill
$1,207
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Wasco, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97065 | $277 | $451 | $1,101 | $1,895 | $2,917 |
Source: Ownwell