Meacham, Oregon Property Taxes
The median property tax rate in Meacham, OR is 0.47%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Meacham, the typical annual property tax bill reaches $743, significantly below the national median of $2,690. Property taxes in Meacham are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Meacham'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 Meacham 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
Meacham, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$695
Ownwell’s Meacham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meacham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meacham 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 Meacham, Oregon
Property taxes in Meacham, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meacham is 0.47%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Meacham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meacham 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 Meacham's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97859 zip code has the highest median property tax rate of 0.47%, while the 97859 zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Meacham provides valuable insights into the varying tax landscape across Umatilla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meacham Tax Rate
0.47%
Average Umatilla County Tax Rate
1.10%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meacham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97859 | 0.25% | 0.37% | 0.47% | 0.58% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Meacham, Oregon
In Meacham, 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 Umatilla 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 Meacham, 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. The median home price in Meacham is $147,770, with tax bills ranging from $429 at the 25th percentile to $1,717 at the 90th percentile. The highest and lowest median tax bills are both $743 in the 97859 zip code. Being aware of these valuation processes in Meacham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Meacham Assessed Value
$147,770
Average Umatilla County Assessed Value
$206,880
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meacham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97859 | $62,300 | $98,285 | $147,770 | $245,250 | $370,930 |
Source: Ownwell
Property Tax Bills Across Meacham, Oregon
In Meacham, Umatilla County, OR, property tax bills are determined based on the assessed value of a home, which is distinct from its market value. The tax rate, applied to this assessed value, ultimately determines the amount homeowners owe annually. For example, with a median home price of $147,770, property taxes can vary significantly. The tax bill at the 25th percentile is $429, while at the 75th percentile, it rises to $1378, and at the 90th percentile, it reaches $1717. These figures illustrate the range of property tax burdens homeowners might face, influenced by factors like property improvements, neighborhood developments, and local government budgets. Compared to the national median property tax rate of 0.99%, Umatilla County's tax bills reflect a diverse spectrum of financial responsibilities for residents. This variability in property taxes can significantly impact homeowners, affecting their annual budgets and long-term financial planning.
Average Meacham Tax Bill
$743
Average Umatilla County Tax Bill
$2,157
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Meacham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97859 | $201 | $429 | $743 | $1,378 | $1,717 |
Source: Ownwell