Kimberly, Grant County, Oregon Property Taxes
The median property tax rate in Kimberly, OR is 0.44%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Kimberly at $558,395, the typical annual property tax bill reaches $1,988, which is below the national median of $2,690. Property taxes in Kimberly are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kimberly'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 Kimberly 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
Kimberly, Grant County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$2,457
$2,280
Ownwell’s Kimberly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimberly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimberly 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 Kimberly, Grant County, Oregon
Property taxes in Kimberly, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimberly is 0.44%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Kimberly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimberly 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 Kimberly's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97848 zip code has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Kimberly 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 Kimberly Tax Rate
0.44%
Average Grant County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimberly, Grant County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97848 | 0.21% | 0.27% | 0.44% | 0.56% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Kimberly, Grant County, Oregon
In Kimberly, 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. Assessment notices in Kimberly 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. The median home price in Kimberly is $558,395, with tax bills ranging from $1,668 at the 25th percentile to $5,559 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kimberly, Grant County, Oregon
Source: Ownwell
$64,100
$311,248
$558,395
Average Kimberly Assessed Value
$558,395
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 Kimberly, Grant County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97848 | $188,058 | $326,578 | $558,395 | $705,098 | $2,107,642 |
Source: Ownwell
Property Tax Bills Across Kimberly, Grant County, Oregon
In Kimberly, located in Grant County, OR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the local tax assessor and typically reflects a percentage of the market value, though specific assessment ratios can vary. Homeowners in Kimberly can expect their tax bills to fall within a range, influenced by the assessed value and the local tax rate. The tax bill for homes in Kimberly varies significantly, with the 25th percentile tax bill at $1,668 and the 75th percentile tax bill at $3,373. For those at the higher end, the 90th percentile tax bill reaches $5,559. Compared to the national median property tax rate of 0.99%, Kimberly's property tax rates can be influenced by various local factors, including municipal budgets and funding requirements for public services such as schools and infrastructure. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets more effectively.
Average Kimberly Tax Bill
$1,988
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimberly, Grant County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97848 | $704 | $1,668 | $1,988 | $3,373 | $5,559 |
Source: Ownwell