Mitchell, Oregon Property Taxes
The median property tax rate in Mitchell, OR is 0.66%, which is considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $270,950 in Mitchell, the typical annual property tax bill reaches $1,814, significantly below the national median of $2,690. Property taxes in Mitchell are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mitchell'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 Mitchell or another part of Wheeler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mitchell, 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 Mitchell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mitchell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mitchell 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 Mitchell, Oregon
Property taxes in Mitchell, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mitchell is 0.66%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Mitchell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mitchell 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 Mitchell's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97750 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these cities compare with Mitchell provides valuable insights into the varying tax landscape across Wheeler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mitchell Tax Rate
0.66%
Average Wheeler County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mitchell, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97750 | 0.22% | 0.42% | 0.66% | 0.85% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Mitchell, Oregon
In Mitchell, 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 Wheeler County 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 Mitchell, 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. For instance, the median home price in Mitchell is $270,950, with tax bills ranging from $905 at the 25th percentile to $6,835 at the 90th percentile. The highest and lowest median tax bills are both $1,814, found in the 97750 zip code. Being aware of these valuation processes in Mitchell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mitchell Assessed Value
$270,950
Average Wheeler County Assessed Value
$186,970
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mitchell, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97750 | $93,579 | $139,675 | $270,950 | $641,568 | $2,053,485 |
Source: Ownwell
Property Tax Bills Across Mitchell, Oregon
In Mitchell, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value considers various factors, including the property's market value, location, and any improvements or renovations. Homeowners in Wheeler County can expect their tax bills to vary significantly, with the 25th percentile tax bill at $905 and the 75th percentile reaching up to $3,550. The 90th percentile tax bill can go as high as $6,835. The median home price in Mitchell is $270,950, and the property tax rate plays a crucial role in determining the final bill. Compared to the national median property tax rate of 0.99%, homeowners in Mitchell experience a range of tax burdens. This variability in tax bills affects homeowners' annual budgeting and long-term financial planning, making it essential for property owners to understand how their tax obligations are calculated and what factors might influence any changes in their tax assessments.
Average Mitchell Tax Bill
$1,814
Average Wheeler County Tax Bill
$1,745
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mitchell, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97750 | $495 | $905 | $1,814 | $3,550 | $6,835 |
Source: Ownwell