Idleyld Park, Oregon Property Taxes
The median property tax rate in Idleyld Park, OR is 0.67%, which is considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $49,628 in Idleyld Park, the typical annual property tax bill is $288, well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Idleyld Park'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 Idleyld Park or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Idleyld Park, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$333
$309
Ownwell’s Idleyld Park Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Idleyld Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Idleyld Park to provide an estimate of your property tax bill. This invaluable tool offers clarity on potential tax liabilities. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by Douglas County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Idleyld Park, Oregon
Property taxes in Idleyld Park, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Idleyld Park is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Idleyld Park set these rates annually, and they can vary across different neighborhoods. Each year, Idleyld Park 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 Idleyld Park's effective property tax rate to other areas in Douglas County and the national median. For comparison, the zip code 97447 has both the highest and lowest median property tax rate of 0.67%. Understanding how these areas compare with Idleyld Park provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Idleyld Park Tax Rate
0.67%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Idleyld Park, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97447 | 0.43% | 0.51% | 0.67% | 0.88% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Idleyld Park, Oregon
In Idleyld Park, 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 Douglas 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 Idleyld Park, 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 Idleyld Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $288 in the 97447 zip code.
Average Idleyld Park Assessed Value
$49,628
Average Douglas County Assessed Value
$222,242
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Idleyld Park, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97447 | $5,278 | $10,780 | $49,628 | $255,090 | $363,277 |
Source: Ownwell
Property Tax Bills Across Idleyld Park, Oregon
In Idleyld Park, located in Douglas County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is often lower than the market value, providing some relief to homeowners. The tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including property size, location, and any improvements made. For homeowners in Idleyld Park, the tax bill can vary significantly. For example, the tax bill at the 25th percentile is $91, while it rises to $1,315 at the 75th percentile, and reaches $2,007 at the 90th percentile. The highest median tax bill in the area is $288, which is considerably lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable and appealing in this region. Understanding these factors helps homeowners better anticipate their annual expenses and manage their finances effectively.
Average Idleyld Park Tax Bill
$288
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Idleyld Park, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97447 | $43 | $91 | $288 | $1,315 | $2,007 |
Source: Ownwell