Oregon, Ohio Property Taxes
The median property tax rate in Oregon, OH is 1.61%, which is considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $90,400 in Oregon, the typical annual property tax bill amounts to $1,459, falling below the national median of $2,690. Property taxes in Oregon 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 Oregon'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 Oregon 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
Oregon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,455
$1,351
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, Ohio
Property taxes in Oregon, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oregon is 1.61%, higher than both the Ohio state median 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 Ohio and the national median. For comparison, the 43618 zip code has the highest median property tax rate of 1.64%, while the 43616 zip code has the lowest median tax rate of 1.61%. Understanding how these cities compare with Oregon provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oregon Tax Rate
1.61%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oregon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43616 | 1.60% | 1.61% | 1.61% | 1.65% | 1.70% |
| 43618 | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Oregon, Ohio
In Oregon, Ohio, 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 Wood 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 Oregon, 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. The zip code with the highest median tax bill is 43618 at $2,126, while the lowest is 43616 at $1,175. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oregon Assessed Value
$90,400
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oregon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43616 | $20,120 | $40,100 | $70,800 | $115,300 | $160,120 |
| 43618 | $129,700 | $129,700 | $129,700 | $129,700 | $129,700 |
Source: Ownwell
Property Tax Bills Across Oregon, Ohio
In Oregon, Wood County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Several factors influence this value, including the property's location, size, and condition. For instance, a median home price in this area is $90,400. The tax rate is then applied to the assessed value to determine the annual property tax bill. Homeowners in Oregon, OH, can expect a wide range of tax bills. For the 25th percentile, the tax bill is around $891, while it rises significantly to $2,126 for the 75th percentile and $2,676 for the 90th percentile. The highest median tax bill in the area is $2,126, found in the zip code 43618, whereas the lowest median tax bill is $1,175 in zip code 43616. These tax bills can significantly impact homeowners, influencing their overall cost of living and potentially affecting property values and housing market dynamics in the region.
Average Oregon Tax Bill
$1,459
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Oregon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43616 | $344 | $695 | $1,175 | $1,855 | $2,567 |
| 43618 | $2,126 | $2,126 | $2,126 | $2,126 | $2,126 |
Source: Ownwell