Mount Vernon, Oregon Property Taxes
The median property tax rate in Mount Vernon, OR is 0.70%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $194,750, the typical annual property tax bill in Mount Vernon is $1,367, well below the national median of $2,690. Property taxes in Mount Vernon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mount Vernon'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 Mount Vernon or another part of Grant County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Vernon, 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 Mount Vernon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Vernon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Vernon 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 Mount Vernon, Oregon
Property taxes in Mount Vernon, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Vernon is 0.70%, lower than the U.S. national median of 0.99%. Local government entities within Mount Vernon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Vernon 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 Mount Vernon's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97865 zip code has the highest median property tax rate of 0.70%, while the 97865 zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Mount Vernon 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 Mount Vernon Tax Rate
0.70%
Average Grant County Tax Rate
0.75%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Vernon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97865 | 0.46% | 0.57% | 0.70% | 0.85% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Mount Vernon, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Vernon, Oregon. 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's Office 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 Mount Vernon 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. The median home price in Mount Vernon is $194,750, with tax bills ranging from $827 at the 25th percentile to $2,684 at the 90th percentile. The highest median tax bill, found in zip code 97865, is $1,367. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Vernon, Oregon
Source: Ownwell
$35,560
$1,131,735
$2,227,910
Average Mount Vernon Assessed Value
$194,750
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 Mount Vernon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97865 | $71,708 | $120,760 | $194,750 | $308,850 | $425,730 |
Source: Ownwell
Property Tax Bills Across Mount Vernon, Oregon
Property tax bills in Mount Vernon, located in Grant County, OR, are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and is a percentage of the market value. Homeowners in Mount Vernon can expect their tax bills to vary significantly, with the 25th percentile tax bill at $827 and the 75th percentile reaching up to $1,980. At the higher end, the 90th percentile tax bill can go up to $2,684. The median home price in Mount Vernon is $194,750, which influences these tax bills. The property tax rate here is lower than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood changes, and local government budgets can affect the assessed value and, consequently, the tax bill. Homeowners should be aware of these factors as they can lead to fluctuations in their annual property tax obligations, impacting their overall financial planning.
Average Mount Vernon Tax Bill
$1,367
Average Grant County Tax Bill
$1,399
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Vernon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97865 | $506 | $827 | $1,367 | $1,980 | $2,684 |
Source: Ownwell