Hood River, Oregon Property Taxes
The median property tax rate in Hood River, OR is 0.61%, notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Hood River at $531,390, the typical annual property tax bill reaches $3,383, surpassing the national median of $2,690. Property taxes in Hood River 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 Hood River'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 Hood River 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
Hood River, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$3,241
$3,008
Ownwell’s Hood River Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hood River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hood River 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 below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hood River, Oregon
Property taxes in Hood River, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hood River is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within Hood River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hood River 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 Hood River's effective property tax rate to the national median. For comparison, the 97031 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Hood River provides valuable insights into the varying tax landscape across Hood River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hood River Tax Rate
0.61%
Average Hood River County Tax Rate
0.62%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hood River, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97031 | 0.39% | 0.50% | 0.61% | 0.72% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Hood River, Oregon
In Hood River, Oregon, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 county 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 Hood River, 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. The median home price in Hood River is $531,390, with tax bills ranging from $2,333 at the 25th percentile to $6,242 at the 90th percentile. The zip code 97031 has both the highest and lowest median tax bill at $3,383. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hood River Assessed Value
$531,390
Average Hood River County Assessed Value
$504,545
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hood River, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97031 | $60,574 | $370,410 | $531,390 | $718,510 | $989,724 |
Source: Ownwell
Property Tax Bills Across Hood River, Oregon
Property tax bills in Hood River, OR, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value, reflecting current real estate conditions. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and any improvements made. In Hood River, the median home price is $531,390, contributing to varying tax bills. For instance, tax bills in the 25th percentile are around $2,333, while those in the 75th percentile reach approximately $4,643. At the higher end, the 90th percentile tax bill can be as much as $6,242. Homeowners in the 97031 zip code experience a median tax bill of $3,383, which is higher than the national median property tax rate of 0.99%. These property taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Hood River Tax Bill
$3,383
Average Hood River County Tax Bill
$3,258
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Hood River, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97031 | $1,215 | $2,333 | $3,383 | $4,643 | $6,242 |
Source: Ownwell