Mist, Oregon Property Taxes
The median property tax rate in MIST, OR is 0.56%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in MIST at $456,670, the typical annual property tax bill amounts to $2,554, which is below the national median of $2,690. Property taxes in MIST are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding MIST'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 MIST 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
Mist, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$2,557
$2,373
Ownwell’s MIST Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIST with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIST 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 Mist, Oregon
Property taxes in MIST, Oregon, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in MIST is 0.56%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within MIST set these rates annually, and they can vary significantly across different neighborhoods. Each year, MIST 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 MIST's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97016 zip code has the highest median property tax rate of 0.56%, while the 97016 zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with MIST 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 Mist Tax Rate
0.56%
Average Columbia County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mist, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97016 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Mist, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in MIST, Oregon. 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 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 MIST, 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 MIST helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97016 has both the highest and lowest median tax bills, each amounting to $2554.
Average Mist Assessed Value
$456,670
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 Mist, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97016 | $456,670 | $456,670 | $456,670 | $456,670 | $456,670 |
Source: Ownwell
Property Tax Bills Across Mist, Oregon
Property tax bills in MIST, located in Columbia County, OR, are calculated based on the assessed value of a property. The assessed value is determined by the local assessor's office and typically represents a percentage of the market value of the home. In MIST, the median home price is $456,670. The local tax rate is applied to this assessed value to calculate the annual tax bill. For example, homeowners in the 25th, 75th, and 90th percentiles all have a tax bill of $2,554, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners by increasing the cost of owning a home, potentially making it more challenging to afford other expenses. Understanding these factors and how they affect your tax bill is crucial for effective financial planning and budgeting.
Average Mist Tax Bill
$2,554
Average Columbia County Tax Bill
$3,263
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mist, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97016 | $2,554 | $2,554 | $2,554 | $2,554 | $2,554 |
Source: Ownwell