Powell Butte, Oregon Property Taxes
The median property tax rate in Powell Butte, OR is 0.52%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Powell Butte at $957,450, the typical annual property tax bill reaches $4,944, which still exceeds the national median of $2,690. Property taxes in Powell Butte are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Powell Butte'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 Powell Butte or another part of Crook County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Powell Butte, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$4,979
Ownwell’s Powell Butte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powell Butte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powell Butte 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 Powell Butte, Oregon
Property taxes in Powell Butte, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powell Butte is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Powell Butte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powell Butte 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 Powell Butte's effective property tax rate to other areas in Crook County and the national median. For comparison, the zip code 97753 has the same median property tax rate of 0.52%, illustrating a uniform tax landscape within the region. Understanding how these cities compare with Powell Butte provides valuable insights into the varying tax landscape across Crook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Powell Butte Tax Rate
0.52%
Average Crook County Tax Rate
0.56%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powell Butte, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97753 | 0.42% | 0.48% | 0.52% | 0.59% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Powell Butte, Oregon
In Powell Butte, 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 Crook 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 Powell Butte, 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. The median home price in Powell Butte is $957,450, with tax bills ranging from $3,594 at the 25th percentile to $9,928 at the 90th percentile. The zip code 97753 has both the highest and lowest median tax bill at $4,944. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Powell Butte Assessed Value
$957,450
Average Crook County Assessed Value
$411,765
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Powell Butte, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97753 | $518,560 | $674,590 | $957,450 | $1,371,565 | $1,757,812 |
Source: Ownwell
Property Tax Bills Across Powell Butte, Oregon
In Powell Butte, located in Crook County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Powell Butte is $957,450, and homeowners can expect tax bills that vary significantly. The 25th percentile tax bill is around $3,594, while the 75th percentile tax bill reaches approximately $7,591. At the 90th percentile, homeowners might see tax bills as high as $9,928. These figures show a wide range due to differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Powell Butte's tax bills can be considerably higher, reflecting the high property values in the area. This can significantly impact homeowners, as higher property taxes can increase the overall cost of owning a home in this region.
Average Powell Butte Tax Bill
$4,944
Average Crook County Tax Bill
$2,320
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Powell Butte, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97753 | $2,477 | $3,594 | $4,944 | $7,591 | $9,928 |
Source: Ownwell