Canyon City, Oregon Property Taxes
The median property tax rate in Canyon City, OR is 0.83%, slightly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Canyon City, the typical annual property tax bill amounts to $1,764, which is below the national median of $2,690. Property taxes in Canyon City are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Canyon City'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 Canyon City 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
Canyon City, 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 Canyon City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canyon City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canyon City 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 Canyon City, Oregon
Property taxes in Canyon City, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canyon City is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Canyon City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canyon City 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 Canyon City's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97820 zip code has the highest median property tax rate of 0.83%, while the 97820 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Canyon City provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canyon City Tax Rate
0.83%
Average Grant County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canyon City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97820 | 0.62% | 0.73% | 0.83% | 0.95% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Canyon City, Oregon
In Canyon City, 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 Grant 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 Canyon City, 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 Canyon City 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 are both $1,764, found in the 97820 zip code.
Average Canyon City Assessed Value
$215,330
Average Grant County Assessed Value
$184,015
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canyon City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97820 | $106,918 | $158,870 | $215,330 | $329,090 | $436,930 |
Source: Ownwell
Property Tax Bills Across Canyon City, Oregon
In Canyon City, Grant County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. The median home price in Canyon City is $215,330, and the median property tax rate in the area is consistent with the national median of 0.99%. Factors influencing the tax bill include property characteristics such as size, location, and condition, as well as any applicable exemptions or deductions. Homeowners in Canyon City can expect tax bills to vary widely; for instance, the tax bill at the 25th percentile is $1,254, while at the 75th percentile, it rises to $2,639. The 90th percentile sees tax bills as high as $3,496. These taxes fund essential local services, impacting the quality of schools, infrastructure, and public safety. Therefore, understanding how property taxes are calculated is crucial for homeowners to anticipate their financial responsibilities and the benefits they receive in return.
Average Canyon City Tax Bill
$1,764
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Canyon City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97820 | $905 | $1,254 | $1,764 | $2,639 | $3,496 |
Source: Ownwell