Port Orford, Oregon Property Taxes
The median property tax rate in Port Orford, OR is 0.53%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Port Orford at $342,040, the typical annual property tax bill reaches $1,716, which is significantly below the national median of $2,690. Property taxes in Port Orford 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 Port Orford'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 Port Orford or another part of Curry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Port Orford, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,813
$1,682
Ownwell’s Port Orford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Orford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Orford 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 Port Orford, Oregon
Property taxes in Port Orford, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Orford is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Port Orford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Orford 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 Port Orford's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97465 zip code has the highest median property tax rate of 0.53%, while the same 97465 zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Port Orford provides valuable insights into the varying tax landscape across Curry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Orford Tax Rate
0.53%
Average Curry County Tax Rate
0.48%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Orford, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97465 | 0.35% | 0.43% | 0.53% | 0.63% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Port Orford, Oregon
In Port Orford, 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 Curry County Assessor's Office 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 Port Orford, 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 Port Orford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Port Orford is $342,040, with the median tax bill being $1,716, which is consistent across the zip code 97465.
Average Port Orford Assessed Value
$342,040
Average Curry County Assessed Value
$352,065
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Orford, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97465 | $172,658 | $267,500 | $342,040 | $465,060 | $616,926 |
Source: Ownwell
Property Tax Bills Across Port Orford, Oregon
In Port Orford, located in Curry County, OR, property tax bills are calculated based on the assessed value of the property, which differs from its market value. The assessed value is determined by the county assessor and is typically lower than the market value, helping to keep tax bills more manageable for homeowners. Several factors influence the assessed value, including the property's size, location, and any improvements made. Once the assessed value is established, the local tax rate is applied. With a median home price of $342,040, homeowners in Port Orford can expect varying tax bills. For example, the 25th percentile tax bill is around $1,175, while the 75th percentile tax bill reaches $2,518. At the higher end, the 90th percentile tax bill can be as much as $3,927. These figures illustrate the range of property tax bills homeowners might encounter, depending on their property's assessed value and specific circumstances. Understanding these factors can help homeowners better anticipate and plan for their annual property tax obligations.
Average Port Orford Tax Bill
$1,716
Average Curry County Tax Bill
$1,626
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Orford, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97465 | $650 | $1,175 | $1,716 | $2,518 | $3,927 |
Source: Ownwell