Wedderburn, Oregon Property Taxes
The median property tax rate in Wedderburn, OR is 0.62%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Wedderburn at $629,620, the typical annual property tax bill amounts to $3,911, surpassing the national median of $2,690. Property taxes in Wedderburn are determined based on the tax assessed value, which is usually less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a comprehensive understanding of Wedderburn's property tax system, exploring the available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wedderburn or another part of Curry County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wedderburn, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$3,904
$3,622
Ownwell’s Wedderburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wedderburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wedderburn 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 Wedderburn, Oregon
Property taxes in Wedderburn, Oregon, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Wedderburn stands at 0.62%, which is below the U.S. national median of 0.99%. Local government entities within Wedderburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wedderburn 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 Wedderburn's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97491 has the highest median property tax rate of 0.62% in the county, while also being the lowest at 0.62%. Understanding how these areas compare with Wedderburn 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 Wedderburn Tax Rate
0.62%
Average Curry County Tax Rate
0.48%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wedderburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97491 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Wedderburn, Oregon
In Wedderburn, 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 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 Wedderburn, 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 Wedderburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $3,911 in the 97491 zip code, reflecting the uniformity in property tax assessments within the area.
Average Wedderburn Assessed Value
$629,620
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 Wedderburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97491 | $629,620 | $629,620 | $629,620 | $629,620 | $629,620 |
Source: Ownwell
Property Tax Bills Across Wedderburn, Oregon
In Wedderburn, located in Curry County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is typically lower than the market value and is influenced by factors such as property size, location, and improvements. Homeowners in this region can expect a median property tax bill of $3,911, which is consistent across various percentiles, indicating a uniform rate applied to properties. Compared to the national median property tax rate of 0.99%, the property tax rate in Wedderburn is relatively moderate. This means homeowners in Wedderburn may find their tax bills more predictable and manageable. However, the assessed value can fluctuate due to changes in the housing market or property modifications, impacting the overall tax bill. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly, ensuring they are not caught off guard by unexpected increases in their property tax bills.
Average Wedderburn Tax Bill
$3,911
Average Curry County Tax Bill
$1,626
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Wedderburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97491 | $3,911 | $3,911 | $3,911 | $3,911 | $3,911 |
Source: Ownwell