Adair Village, Benton County, Oregon Property Taxes
The median property tax rate in Adair Village, OR is 0.84%, slightly lower than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Adair Village at $432,740, the typical annual property tax bill reaches $3,312, which surpasses the national median of $2,690. Property taxes in Adair Village are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Adair Village'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 Adair Village 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
Adair Village, Benton County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$3,635
$3,373
Ownwell’s Adair Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adair Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adair Village 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 Adair Village, Benton County, Oregon
Property taxes in Adair Village, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adair Village is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Adair Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adair Village 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 Adair Village's effective property tax rate to other regions in Oregon and the national median. For comparison, the 97330 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Adair Village provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adair Village Tax Rate
0.84%
Average Benton County Tax Rate
0.99%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adair Village, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97330 | 0.23% | 0.61% | 0.84% | 0.93% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Adair Village, Benton County, Oregon
In Adair Village, Oregon, understanding the difference between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Benton County Assessor for tax purposes. Conversely, 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 Adair Village, assessment notices are usually mailed out in the spring, typically 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. Awareness of these valuation processes in Adair Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,312 in the 97330 zip code, which provides a benchmark for understanding local property tax dynamics.
Property Tax Assessment Values Across Adair Village, Benton County, Oregon
Source: Ownwell
$241,820
$377,300
$512,780
Average Adair Village Assessed Value
$432,740
Average Benton County Assessed Value
$469,320
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adair Village, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97330 | $311,660 | $359,180 | $432,740 | $479,142 | $548,775 |
Source: Ownwell
Property Tax Bills Across Adair Village, Benton County, Oregon
In Adair Village, Benton County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is typically a percentage of the property's market value. The tax rate in Adair Village is applied to this assessed value to calculate the annual property tax bill. For example, the median home price in the area is $432,740. Homeowners can expect property tax bills to vary significantly, with the 25th percentile at $2,000 and the 75th percentile reaching $3,954. At the 90th percentile, the tax bill can go up to $4,464. These figures indicate that property tax bills in Adair Village can have a substantial impact on household budgets, especially compared to the national median property tax rate of 0.99%. Homeowners in this region need to consider these taxes as a critical component of their annual expenses, influencing both short-term financial planning and long-term investment decisions.
Average Adair Village Tax Bill
$3,312
Average Benton County Tax Bill
$4,711
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Adair Village, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97330 | $1,198 | $2,000 | $3,312 | $3,954 | $4,464 |
Source: Ownwell