Crane, Oregon Property Taxes
The median property tax rate in Crane, OR is 0.78%, lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Crane at $108,720, the typical annual property tax bill is $695, significantly below the national median of $2,690. Property taxes in Crane are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crane'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 Crane 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
Crane, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$848
$787
Ownwell’s Crane Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Crane with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Crane to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Crane, Oregon
Property taxes in Crane, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crane is 0.6%, significantly lower than both the Oregon state median of 0.9% and the U.S. national median of 0.99%. Local government entities within Crane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crane 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 Crane's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97732 zip code has the highest median property tax rate of 0.6%, while the 97732 zip code also has the lowest median tax rate of 0.6%. Understanding how these areas compare with Crane provides valuable insights into the varying tax landscape across Harney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crane Tax Rate
0.78%
Average Harney County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crane, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97732 | 0.28% | 0.46% | 0.78% | 0.92% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Crane, Oregon
In Crane, 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 Harney 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 Crane, 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 Crane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Crane, the highest median tax bill is $695.00 in zip code 97732, while the lowest is also $695.00 in the same zip code.
Average Crane Assessed Value
$108,720
Average Harney County Assessed Value
$154,155
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crane, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97732 | $22,918 | $48,700 | $108,720 | $191,440 | $253,752 |
Source: Ownwell
Property Tax Bills Across Crane, Oregon
In Crane, located in Harney County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $108,720, homeowners can expect varying tax bills. The 25th percentile tax bill is approximately $313, while the 75th percentile tax bill climbs to around $1,216. At the higher end, the 90th percentile tax bill reaches $1,906. Several factors influence the final tax bill, including the property's market value, local tax rates, and any applicable exemptions or abatements. These property taxes significantly impact homeowners by adding to the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, homeowners in Crane may experience different financial burdens depending on their assessed property values and the specific tax rate applied.
Average Crane Tax Bill
$695
Average Harney County Tax Bill
$1,316
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Crane, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97732 | $131 | $313 | $695 | $1,216 | $1,906 |
Source: Ownwell