Fox, Oregon Property Taxes
The median property tax rate in FOX, OR is 0.43%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in FOX at $293,230, the typical annual property tax bill amounts to $1,858, which is below the national median of $2,690. Property taxes in FOX are calculated based on the assessed value, often less than the market value due to exemptions like the primary residence exemption. Understanding FOX's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of FOX 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
Fox, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,261
$1,170
Ownwell’s FOX Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FOX with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FOX 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 Fox, Oregon
Property taxes in Fox, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fox is 0.43%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Fox set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fox 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 Fox's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97856 zip code has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Fox 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 Fox Tax Rate
0.43%
Average Grant County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fox, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97856 | 0.16% | 0.21% | 0.43% | 0.58% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Fox, Oregon
In FOX, 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 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 FOX, 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 FOX helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in FOX is $1858 in ZIP code 97856, while the lowest median tax bill is also $1858 in the same ZIP code.
Average Fox Assessed Value
$293,230
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 Fox, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97856 | $50,158 | $55,065 | $293,230 | $1,437,185 | $3,917,154 |
Source: Ownwell
Property Tax Bills Across Fox, Oregon
In FOX, Grant County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in FOX can expect their property taxes to vary significantly depending on their home's assessed value. For example, the 25th percentile of tax bills is around $365, while the 75th percentile reaches $3,553, and the 90th percentile can go up to $5,360. Factors influencing these tax bills include the home's market value, any applicable exemptions, and the specific tax rates set by local jurisdictions. Compared to the national median property tax rate of 0.99%, FOX residents experience a broad range of tax burdens. This variability can significantly impact homeowners, affecting their overall housing costs and potentially influencing decisions about buying or selling property in the area.
Average Fox Tax Bill
$1,858
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Fox, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97856 | $217 | $365 | $1,858 | $3,553 | $5,360 |
Source: Ownwell