Drewsey, Oregon Property Taxes
The median property tax rate in Drewsey, OR is 0.55%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Drewsey, the typical annual property tax bill is $705, which is well below the national median of $2,690. Property taxes in Drewsey 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 Drewsey'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 Drewsey or another part of Harney County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Drewsey, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$552
Ownwell’s Drewsey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Drewsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Drewsey 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 Drewsey, Oregon
Property taxes in Drewsey, Oregon, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Drewsey is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Drewsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Drewsey 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 Drewsey's effective property tax rate to other areas in Harney County and the national median. For comparison, the zip code 97904 has the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with Drewsey 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 Drewsey Tax Rate
0.55%
Average Harney County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Drewsey, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97904 | 0.23% | 0.39% | 0.55% | 0.80% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Drewsey, Oregon
In Drewsey, 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 Drewsey, 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 Drewsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Drewsey is 97904, with a median tax bill of $705. This valuable information can help homeowners stay informed and proactive in managing their property taxes.
Average Drewsey Assessed Value
$100,355
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 Drewsey, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97904 | $13,605 | $41,640 | $100,355 | $411,448 | $783,770 |
Source: Ownwell
Property Tax Bills Across Drewsey, Oregon
In Drewsey, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Drewsey is $100,355. Homeowners in Harney County, where Drewsey is located, see tax bills ranging significantly depending on their property’s value. For instance, the 25th percentile tax bill is $207, while the 75th percentile reaches $1,770. This variability is influenced by factors such as property size, location, and any applicable exemptions. The local median tax bill stands at $705, which is lower than the national median property tax rate of 0.99%. This means that Drewsey homeowners generally pay less in property taxes compared to the national average. However, higher-valued properties can see tax bills as high as $3,710, reflecting the upper end of the spectrum. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Drewsey Tax Bill
$705
Average Harney County Tax Bill
$1,316
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Drewsey, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97904 | $50 | $207 | $705 | $1,770 | $3,710 |
Source: Ownwell