Richland, Oregon Property Taxes
The median property tax rate in Richland, OR is 0.63%, which is significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $219,370 in Richland, the typical annual property tax bill amounts to $1,354, well below the national median of $2,690. Property taxes in Richland are calculated based on the tax assessed value, generally lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Richland'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 Richland or elsewhere in Baker County, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Richland, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,382
Ownwell’s Richland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Richland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Richland 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 Richland, Oregon
Property taxes in Richland, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Richland is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Richland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Richland 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. Understanding how these cities compare with Richland provides valuable insights into the varying tax landscape across Baker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Richland Tax Rate
0.63%
Average Baker County Tax Rate
0.80%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Richland, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97870 | 0.29% | 0.45% | 0.63% | 0.81% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Richland, Oregon
In Richland, 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 Baker 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 Richland, 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. Richland's median home price is $219,370, with tax bills ranging from $877 at the 25th percentile to $2,711 at the 90th percentile. The highest and lowest median tax bills are both $1,354 in the 97870 zip code. 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 Richland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Richland Assessed Value
$219,370
Average Baker County Assessed Value
$242,200
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Richland, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97870 | $92,165 | $143,688 | $219,370 | $363,248 | $546,915 |
Source: Ownwell
Property Tax Bills Across Richland, Oregon
Property tax bills in Richland, Baker County, Oregon, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The median home price in Richland stands at $219,370. The tax rate is applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $877, while those in the 75th percentile face a tax bill of approximately $2,007. At the 90th percentile, the tax bill can reach up to $2,711. Several factors influence the assessed value, including the property's market value, improvements, and any applicable exemptions. These assessments ensure that property taxes are equitably distributed among homeowners. Compared to the national median property tax rate of 0.99%, Richland's rates can be considered moderate to high, depending on the property's assessed value. This impacts homeowners by contributing to local services such as schools, infrastructure, and emergency services, which are funded through these property taxes.
Average Richland Tax Bill
$1,354
Average Baker County Tax Bill
$1,787
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Richland, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97870 | $485 | $877 | $1,354 | $2,007 | $2,711 |
Source: Ownwell