Sunriver, Oregon Property Taxes
The median property tax rate in Sunriver, OR is 0.58%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Sunriver at $649,760, the typical annual property tax bill reaches $3,886, which is higher than the national median of $2,690. Property taxes in Sunriver are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sunriver'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 Sunriver 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
Sunriver, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$3,769
Ownwell’s Sunriver Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sunriver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunriver to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Sunriver, Oregon
Property taxes in Sunriver, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunriver is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Sunriver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunriver 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 Sunriver's effective property tax rate to other areas within Deschutes County and the national median. For comparison, the 97707 zip code has the highest median property tax rate of 0.58%, while the same 97707 zip code also has the lowest median tax rate of 0.58%. Understanding how these areas compare with Sunriver 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 Sunriver Tax Rate
0.58%
Average Deschutes County Tax Rate
0.59%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunriver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97707 | 0.33% | 0.35% | 0.58% | 0.71% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Sunriver, Oregon
In Sunriver, 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 Sunriver, 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. For instance, the highest median tax bill in Sunriver is $3,886 in the 97707 zip code, which is also the lowest median 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 Sunriver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sunriver Assessed Value
$649,760
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 Sunriver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97707 | $292,010 | $292,040 | $649,760 | $968,820 | $1,260,496 |
Source: Ownwell
Property Tax Bills Across Sunriver, Oregon
Property tax bills in Sunriver, located in Deschutes County, OR, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. For homeowners in Sunriver, the median home price is approximately $649,760. Property tax rates in this area can vary, but the median tax bill stands at $3,886, which is significantly 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 abatements. For instance, tax bills in the 25th percentile are around $1,021, while those in the 75th percentile can reach $6,142. At the 90th percentile, homeowners might see tax bills as high as $8,670. These variations can significantly impact homeowners, influencing their overall financial planning and the affordability of maintaining their homes. Understanding these factors is crucial for homeowners to anticipate and manage their property tax liabilities effectively.
Average Sunriver Tax Bill
$3,886
Average Deschutes County Tax Bill
$3,746
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunriver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97707 | $955 | $1,021 | $3,886 | $6,142 | $8,670 |
Source: Ownwell