Joseph, Oregon Property Taxes
The median property tax rate in Joseph, OR is 0.44%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Joseph, the typical annual property tax bill reaches $1,911, which is well below the national median of $2,690. Property taxes in Joseph 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 Joseph'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 Joseph 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
Joseph, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,957
Ownwell’s Joseph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Joseph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joseph 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 Joseph, Oregon
Property taxes in Joseph, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joseph is 0.44%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Joseph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joseph 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 Joseph's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97846 zip code has the highest median property tax rate of 0.44%, while the 97846 zip code has the lowest median tax rate of 0.44%. Understanding how these cities compare with Joseph 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 Joseph Tax Rate
0.44%
Average Wallowa County Tax Rate
0.48%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Joseph, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97846 | 0.26% | 0.35% | 0.44% | 0.55% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Joseph, Oregon
In Joseph, 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 Joseph, 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 Joseph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Joseph is $444,710, with tax bills ranging from $1,310 at the 25th percentile to $3,669 at the 90th percentile. The zip code 97846 has the highest and lowest median tax bill at $1,911.
Average Joseph Assessed Value
$444,710
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 Joseph, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97846 | $163,822 | $298,490 | $444,710 | $662,910 | $951,544 |
Source: Ownwell
Property Tax Bills Across Joseph, Oregon
In Joseph, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the county assessor's office in Wallowa County, which takes into account factors such as the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $444,710, homeowners in Joseph can expect their property tax bills to vary. The tax bill for the 25th percentile is around $1,310, while those in the 75th percentile might pay approximately $2,703. At the 90th percentile, the tax bill can reach up to $3,669. The highest and lowest median tax bill in the area is $1,911, which is consistent across the zip code 97846. This variability in tax bills can significantly impact homeowners, making it crucial to understand how assessed values and tax rates affect their financial responsibilities.
Average Joseph Tax Bill
$1,911
Average Wallowa County Tax Bill
$1,773
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Joseph, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97846 | $698 | $1,310 | $1,911 | $2,703 | $3,669 |
Source: Ownwell