Enterprise, Oregon Property Taxes
The median property tax rate in Enterprise, OR is 0.58%, which is considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Enterprise at $366,470, the typical annual property tax bill is $1,993, falling well below the national median of $2,690. Property taxes in Enterprise are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Enterprise'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 Enterprise 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
Enterprise, 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 Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enterprise 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 Enterprise, Oregon
Property taxes in Enterprise, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enterprise is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enterprise 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 Enterprise's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97828 zip code has the highest median property tax rate of 0.58%, while the same 97828 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Enterprise provides valuable insights into the varying tax landscape across Wallowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enterprise Tax Rate
0.58%
Average Wallowa County Tax Rate
0.48%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enterprise, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97828 | 0.25% | 0.38% | 0.58% | 0.73% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Enterprise, Oregon
In Enterprise, 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 Wallowa 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 Enterprise, 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 Enterprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 97828 has the highest median tax bill of $1,993, which is also the lowest in the area.
Average Enterprise Assessed Value
$366,470
Average Wallowa County Assessed Value
$375,080
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enterprise, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97828 | $127,256 | $244,305 | $366,470 | $573,052 | $826,742 |
Source: Ownwell
Property Tax Bills Across Enterprise, Oregon
In Enterprise, located in Wallowa County, OR, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local authorities and is designed to reflect the market value of the property. Homeowners in Enterprise can expect their tax bills to vary widely, depending on the assessed value of their homes. For instance, the 25th percentile tax bill is around $1,289, while the 75th percentile tax bill is approximately $2,789. At the higher end, the 90th percentile tax bill reaches up to $3,760. These tax bills are influenced by various factors, including the home's market value, local tax rates, and any applicable exemptions or deductions. With a median home price of $366,470, homeowners in Enterprise experience differing tax burdens. The median property tax rate in Enterprise is comparable to the national median rate of 0.99%, making it essential for homeowners to understand how these factors affect their annual property tax obligations.
Average Enterprise Tax Bill
$1,993
Average Wallowa County Tax Bill
$1,773
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Enterprise, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97828 | $653 | $1,289 | $1,993 | $2,789 | $3,760 |
Source: Ownwell