Ione, Oregon Property Taxes
The median property tax rate in Ione, Oregon is 0.78%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $1,010,200 in Ione, the typical annual property tax bill amounts to $4,804, surpassing the national median of $2,690. Property taxes in Ione are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ione'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 Ione or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ione, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Ione Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ione with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ione 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 Ione, Oregon
Property taxes in Ione, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ione is 0.78%, which is lower than both the Oregon state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Ione set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ione 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 Ione's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97843 has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Ione 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 Ione Tax Rate
0.78%
Average Gilliam County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ione, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97843 | 0.50% | 0.58% | 0.78% | 1.01% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Ione, Oregon
In Ione, 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 Appraisal District 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 Ione, 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 Ione helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ione are both $4804, found in zip code 97843.
Average Ione Assessed Value
$1,010,200
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 Ione, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97843 | $151,870 | $249,550 | $1,010,200 | $1,191,720 | $1,716,430 |
Source: Ownwell
Property Tax Bills Across Ione, Oregon
In Ione, located in Gilliam County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value, reflecting current real estate trends. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, the median home price in Ione is $1,010,200, and property tax rates are applied to this assessed value to determine the tax bill. Homeowners in Ione can expect to pay varying amounts in property taxes. For example, the tax bill at the 25th percentile is $2,272, while at the 75th percentile, it rises to $10,691. At the 90th percentile, it can reach up to $11,825. These figures underscore the impact of property taxes on homeowners, with higher-valued properties incurring significantly larger tax bills. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Ione Tax Bill
$4,804
Average Gilliam County Tax Bill
$1,580
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Ione, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97843 | $1,002 | $2,272 | $4,804 | $10,691 | $11,825 |
Source: Ownwell