Condon, Oregon Property Taxes
The median property tax rate in Condon, OR is 0.94%, slightly below the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Condon at $146,580, the typical annual property tax bill is $1,418, which is less than the national median of $2,690. Property taxes in Condon are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Condon'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 Condon 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
Condon, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,378
$1,279
Ownwell’s Condon Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate annual property taxes in Condon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Condon to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more detailed insights, neighborhood-level trends are also available. Your property’s assessed value, determined by Gilliam County, is used for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Condon, Oregon
Property taxes in Condon, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Condon is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Condon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Condon 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 Condon's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97823 has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Condon provides valuable insights into the varying tax landscape across Gilliam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Condon Tax Rate
0.94%
Average Gilliam County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | 0.57% | 0.78% | 0.94% | 1.07% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Condon, Oregon
In Condon, 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 Gilliam 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 Condon, 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 Condon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 97823 has both the highest and lowest median tax bill at $1,418, which is higher than the national median property tax rate of 0.99%. Understanding these figures can help homeowners make informed decisions.
Average Condon Assessed Value
$146,580
Average Gilliam County Assessed Value
$185,135
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | $45,084 | $84,038 | $146,580 | $232,440 | $359,944 |
Source: Ownwell
Property Tax Bills Across Condon, Oregon
In Condon, located in Gilliam County, OR, property tax bills are determined by the assessed value of a home, which is distinct from its market value. The median home price in Condon stands at $146,580, and the property tax rate is applied to this assessed value. Factors such as the property's location, size, and any applicable exemptions influence the final tax bill. Homeowners in Condon can expect their tax bills to vary significantly, with the 25th percentile at $666 and the 75th percentile reaching $2,268. At the higher end, the 90th percentile tax bill can soar to $3,382. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding Condon's property tax landscape. These tax obligations directly impact homeowners' annual expenses, making it crucial for them to understand how their property is assessed and what exemptions might be available to them.
Average Condon Tax Bill
$1,418
Average Gilliam County Tax Bill
$1,580
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | $354 | $666 | $1,418 | $2,268 | $3,382 |
Source: Ownwell