Oregon, Missouri Property Taxes
The median property tax rate in Oregon, MO is 0.84%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Oregon at $56,392, the typical annual property tax bill comes to $481, significantly below the national median of $2,690. Property taxes in Oregon are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Oregon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Oregon or another part of Holt County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oregon, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$474
Ownwell’s Oregon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oregon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oregon 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 Oregon, Missouri
Property taxes in Oregon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oregon is 0.84%, which is lower than the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Oregon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oregon 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 Oregon's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64470 zip code has the highest median property tax rate of 1.16%, while the 64473 zip code has the lowest median tax rate of 0.83%. Understanding how these cities compare with Oregon provides valuable insights into the varying tax landscape across Holt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oregon Tax Rate
0.84%
Average Holt County Tax Rate
1.18%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oregon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64470 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| 64473 | 0.59% | 0.60% | 0.83% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Oregon, Missouri
In Oregon, Missouri, 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 Holt 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. 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 Oregon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Holt County is $481 in the 64473 zip code, while the lowest is $446 in the 64470 zip code.
Average Oregon Assessed Value
$56,392
Average Holt County Assessed Value
$42,789
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oregon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64470 | $38,474 | $38,474 | $38,474 | $38,474 | $38,474 |
| 64473 | $9,446 | $27,000 | $56,417 | $97,416 | $161,125 |
Source: Ownwell
Property Tax Bills Across Oregon, Missouri
In Oregon, Missouri, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, a home with a median price of $56,392 will have its assessed value determined by local assessment rates. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property’s location within Holt County and any applicable exemptions or deductions. Tax bills can vary significantly, with the 25th percentile tax bill at $250 and the 75th percentile at $807. The 90th percentile tax bill can reach as high as $1,339, indicating a range of potential tax liabilities for homeowners. This variability means that homeowners in Oregon, MO, need to be aware of their property's assessed value and the applicable tax rate to accurately estimate their annual property tax burden. Comparatively, Holt County's highest median tax bill is $481, while the lowest is $446, reflecting the localized nature of property tax assessments.
Average Oregon Tax Bill
$481
Average Holt County Tax Bill
$458
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Oregon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64470 | $446 | $446 | $446 | $446 | $446 |
| 64473 | $101 | $249 | $481 | $808 | $1,340 |
Source: Ownwell