Blodgett, Benton County, Oregon Property Taxes
The median property tax rate in Blodgett, OR is 0.69%, notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $267,520 in Blodgett, the typical annual property tax bill amounts to $2,130, which is below the national median of $2,690. Property taxes in Blodgett are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blodgett'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 Blodgett 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
Blodgett, Benton County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,846
$1,713
Ownwell’s Blodgett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blodgett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blodgett 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 Blodgett, Benton County, Oregon
Property taxes in Blodgett, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blodgett is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Blodgett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blodgett 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 Blodgett's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97326 has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Blodgett 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 Blodgett Tax Rate
0.69%
Average Benton County Tax Rate
0.99%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blodgett, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97326 | 0.47% | 0.57% | 0.69% | 0.81% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Blodgett, Benton County, Oregon
In Blodgett, 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 Benton 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 Blodgett, 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. For instance, the median home price in Blodgett is $267,520. The tax bills can vary significantly, with the 25th percentile at $990 and the 75th percentile at $2,986. 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 Blodgett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Blodgett, Benton County, Oregon
Source: Ownwell
$241,820
$377,300
$512,780
Average Blodgett Assessed Value
$267,520
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 Blodgett, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97326 | $26,184 | $58,200 | $267,520 | $414,995 | $542,492 |
Source: Ownwell
Property Tax Bills Across Blodgett, Benton County, Oregon
In Blodgett, property tax bills are calculated based on the assessed value of a home, which is determined by the Benton County assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For instance, with a median home price of $267,520, homeowners in Blodgett can expect varying tax bills. The 25th percentile tax bill is around $990, while the 75th percentile tax bill reaches $2,986. At the 90th percentile, homeowners might see tax bills as high as $3,874. This range shows how property taxes can vary significantly based on property characteristics and market conditions. With the national median property tax rate at 0.99%, understanding these local nuances is crucial for homeowners. Higher property taxes can impact overall housing affordability and monthly budgets, making it essential for homeowners to stay informed and possibly seek exemptions or appeals to manage their tax liabilities effectively.
Average Blodgett Tax Bill
$2,130
Average Benton County Tax Bill
$4,711
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Blodgett, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97326 | $240 | $990 | $2,130 | $2,986 | $3,874 |
Source: Ownwell