Butte Falls, Oregon Property Taxes
The median property tax rate in Butte Falls, OR is 0.75%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Butte Falls at $188,660, the typical annual property tax bill is around $1,576, falling below the national median of $2,690. Property taxes in Butte Falls are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Butte Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Butte Falls or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Butte Falls, 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 Butte Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butte Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butte Falls 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 Jackson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Butte Falls, Oregon
Property taxes in Butte Falls, Oregon, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butte Falls is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Butte Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butte Falls 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 Butte Falls' effective property tax rate to other areas in Oregon and the national median. For comparison, the 97522 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these areas compare with Butte Falls provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butte Falls Tax Rate
0.75%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butte Falls, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97522 | 0.48% | 0.61% | 0.75% | 0.92% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Butte Falls, Oregon
In Butte Falls, 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 Jackson 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. In Butte Falls, 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 Butte Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1576, found in zip code 97522, while the lowest median tax bill is also $1576, found in the same zip code.
Average Butte Falls Assessed Value
$188,660
Average Jackson County Assessed Value
$322,910
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butte Falls, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97522 | $74,116 | $118,120 | $188,660 | $278,550 | $389,514 |
Source: Ownwell
Property Tax Bills Across Butte Falls, Oregon
In Butte Falls, located in Jackson County, OR, property tax bills are calculated based on the assessed value of a property, which is typically lower than its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, its assessed value, and any applicable exemptions or abatements. For instance, the median home price in Butte Falls is $188,660. Homeowners in the 25th percentile can expect a tax bill around $1,111, while those in the 75th percentile might see a bill closer to $2,117. At the 90th percentile, the tax bill can rise to approximately $2,934. These figures contrast with the national median property tax rate of 0.99%, highlighting regional variations. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are well-prepared for their property tax responsibilities.
Average Butte Falls Tax Bill
$1,576
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Butte Falls, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97522 | $607 | $1,111 | $1,576 | $2,117 | $2,934 |
Source: Ownwell