Sisters, Deschutes County, Oregon Property Taxes
The median property tax rate in Sisters, OR is 0.63%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Sisters at $792,590, the typical annual property tax bill reaches $4,736, which is significantly higher than the national median of $2,690. Property taxes in Sisters 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 Sisters' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sisters 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
Sisters, Deschutes County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$4,993
$4,634
Ownwell’s Sisters Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sisters with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sisters 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 Sisters, Deschutes County, Oregon
Property taxes in Sisters, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sisters is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Sisters set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sisters 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 Sisters' effective property tax rate to other areas in Deschutes County and the national median. For comparison, the 97759 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these areas compare with Sisters provides valuable insights into the varying tax landscape across Deschutes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sisters Tax Rate
0.63%
Average Deschutes County Tax Rate
0.59%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sisters, Deschutes County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97759 | 0.39% | 0.53% | 0.63% | 0.74% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Sisters, Deschutes County, Oregon
In Sisters, 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 Deschutes 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 Sisters, 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 Sisters helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sisters, the highest and lowest median tax bills are both $4,736, found in the 97759 zip code.
Property Tax Assessment Values Across Sisters, Deschutes County, Oregon
Source: Ownwell
$382,825
$692,340
$1,001,855
Average Sisters Assessed Value
$792,590
Average Deschutes County Assessed Value
$646,345
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sisters, Deschutes County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97759 | $467,865 | $584,425 | $792,590 | $1,111,035 | $1,544,642 |
Source: Ownwell
Property Tax Bills Across Sisters, Deschutes County, Oregon
In Sisters, property tax bills are calculated based on the assessed value of a home, which is determined by the Deschutes County Assessor. This assessed value is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. The median home price in Sisters is $792,590, which significantly impacts the overall tax bill. Homeowners in Sisters can expect their tax bills to vary. For instance, the tax bill at the 25th percentile is $3,325, while at the 75th percentile, it reaches $7,085. The 90th percentile tax bill is even higher at $9,470. These figures indicate a broad range of tax obligations depending on the specific property and its assessed value. Compared to the national median property tax rate of 0.99%, the property taxes in Sisters can be higher due to the relatively high home values, affecting homeowners by increasing their annual financial responsibilities.
Average Sisters Tax Bill
$4,736
Average Deschutes County Tax Bill
$3,746
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Sisters, Deschutes County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97759 | $2,289 | $3,325 | $4,736 | $7,085 | $9,470 |
Source: Ownwell