Spray, Oregon Property Taxes
The median property tax rate in Spray, OR is 0.90%, which is slightly lower than the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Spray at $210,070, the typical annual property tax bill reaches $1,928, falling below the national median of $2,690. Property taxes in Spray 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 Spray'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 Spray 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
Spray, 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 Spray Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spray with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spray 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 Spray, Oregon
Property taxes in Spray, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spray is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Spray set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spray 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 Spray's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97874 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Spray 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 Spray Tax Rate
0.90%
Average Wheeler County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spray, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97874 | 0.28% | 0.62% | 0.90% | 1.19% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Spray, Oregon
In Spray, 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 Spray, 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 Spray helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97874, with a median bill of $1,928, which is significantly lower than the national median property tax rate of 0.99%.
Average Spray Assessed Value
$210,070
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 Spray, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97874 | $70,462 | $114,748 | $210,070 | $381,195 | $761,368 |
Source: Ownwell
Property Tax Bills Across Spray, Oregon
In Spray, property tax bills are calculated by multiplying the assessed value of a home by the local property tax rate. The assessed value is determined by the county and is often a percentage of the market value. For homeowners in Wheeler County, the median home price stands at $210,070. The property tax rate for this area is instrumental in determining the final tax bill. Factors such as property size, location, and any improvements made to the home can influence the assessed value. Homeowners in Spray can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,115, while at the 75th percentile, it rises to $3,064. At the 90th percentile, the tax bill can be as high as $4,971. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates may affect overall costs. This variability impacts homeowners by influencing their annual financial planning and housing affordability.
Average Spray Tax Bill
$1,928
Average Wheeler County Tax Bill
$1,745
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Spray, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97874 | $436 | $1,115 | $1,928 | $3,064 | $4,971 |
Source: Ownwell