Deer Island, Oregon Property Taxes
The median property tax rate in Deer Island, OR is 0.62%, notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Deer Island at $532,220, the typical annual property tax bill amounts to $3,110, surpassing the national median of $2,690. Property taxes in Deer Island are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Deer Island'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 Deer Island or another part of Columbia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Island, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$3,300
Ownwell’s Deer Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Island 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 Deer Island, Oregon
Property taxes in Deer Island, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Island is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Deer Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Island 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 Deer Island's effective property tax rate to other areas in Columbia County and the national median. For comparison, the 97054 zip code has the highest median property tax rate of 0.62%, while the same 97054 zip code also has the lowest median tax rate of 0.62%. Understanding how these areas compare with Deer Island provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deer Island Tax Rate
0.62%
Average Columbia County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer Island, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97054 | 0.35% | 0.47% | 0.62% | 0.75% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Deer Island, Oregon
In Deer Island, 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 Columbia 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 Deer Island, 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 Deer Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97054 has the highest and lowest median tax bill at $3,110, highlighting the consistency in property tax assessments within the area.
Average Deer Island Assessed Value
$532,220
Average Columbia County Assessed Value
$443,380
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deer Island, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97054 | $289,308 | $398,440 | $532,220 | $677,080 | $869,620 |
Source: Ownwell
Property Tax Bills Across Deer Island, Oregon
In Deer Island, Columbia County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions or deductions can influence the assessed value and, subsequently, the tax bill. For homeowners in Deer Island, the median home price stands at $532,220. Property tax bills can vary significantly, with the 25th percentile at $2,127 and the 75th percentile at $4,314. At the 90th percentile, homeowners might pay as much as $5,425 annually. Compared to the national median property tax rate of 0.99%, the property tax burden in Deer Island can be substantial. This variation in tax bills can significantly impact homeowners' financial planning and budgeting, making it crucial to understand how these taxes are calculated and what factors can influence them.
Average Deer Island Tax Bill
$3,110
Average Columbia County Tax Bill
$3,263
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Island, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97054 | $1,450 | $2,127 | $3,110 | $4,314 | $5,425 |
Source: Ownwell