Imnaha, Oregon Property Taxes
The median property tax rate in Imnaha, OR is 0.36%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Imnaha, the typical annual property tax bill is $1,050, well below the national median of $2,690. Property taxes in Imnaha are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Imnaha'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 Imnaha or another part of Wallowa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Imnaha, 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 Imnaha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Imnaha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imnaha 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 Imnaha, Oregon
Property taxes in Imnaha, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imnaha is 0.36%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Imnaha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imnaha 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 Imnaha's effective property tax rate to other counties in Oregon and the national median. Understanding how these cities compare with Imnaha 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 Imnaha Tax Rate
0.36%
Average Wallowa County Tax Rate
0.48%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imnaha, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97842 | 0.19% | 0.26% | 0.36% | 0.52% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Imnaha, Oregon
In Imnaha, 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 Imnaha, 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 Imnaha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Imnaha is $307,560, with the highest and lowest median tax bills both at $1,050 in the 97842 zip code.
Average Imnaha Assessed Value
$307,560
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 Imnaha, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97842 | $30,022 | $125,090 | $307,560 | $504,240 | $739,426 |
Source: Ownwell
Property Tax Bills Across Imnaha, Oregon
In Imnaha, located in Wallowa County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is often a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as location, property size, and any applicable exemptions or deductions can influence the assessed value. For homeowners in Imnaha, the property tax burden can vary significantly. For instance, the tax bill at the 25th percentile is $439, while at the 75th percentile, it rises to $1,660. The 90th percentile sees tax bills as high as $2,257. The median home price in this area is $307,560, and the median property tax bill stands at $1,050, which is slightly above the national median property tax rate of 0.99%. These taxes are crucial for funding local services, but they also represent a significant annual expense for homeowners.
Average Imnaha Tax Bill
$1,050
Average Wallowa County Tax Bill
$1,773
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Imnaha, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97842 | $188 | $439 | $1,050 | $1,660 | $2,257 |
Source: Ownwell