Central Point, Oregon Property Taxes
The median property tax rate in Central Point, OR is 0.97%, slightly below the national median of 0.99% yet higher than the Oregon state median of 0.86%. With a median home value of $297,890 in Central Point, the typical annual property tax bill reaches $3,007, surpassing the national median of $2,690. Property taxes in Central Point 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 Central Point'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 Central Point 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
Central Point, 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 Central Point Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Central Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Central Point to project 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 is determined by Jackson County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Central Point, Oregon
Property taxes in Central Point, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Central Point is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Central Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Central Point 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 Central Point's effective property tax rate to other areas in Jackson County and the national median. For comparison, the 97502 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Central Point 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 Central Point Tax Rate
0.97%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Central Point, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97502 | 0.56% | 0.83% | 0.97% | 1.09% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Central Point, Oregon
In Central Point, 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 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 Central Point, 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. The median home price in Central Point is $297,890, with tax bills ranging from $2,230 at the 25th percentile to $4,734 at the 90th percentile. 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 Central Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Central Point Assessed Value
$297,890
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 Central Point, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97502 | $97,066 | $203,468 | $297,890 | $397,418 | $497,801 |
Source: Ownwell
Property Tax Bills Across Central Point, Oregon
In Central Point, located in Jackson County, Oregon, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the county assessor and is typically lower than the market value of the property. Key factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Central Point experience a range of property tax bills. The 25th percentile tax bill is around $2,230, while the 75th percentile reaches approximately $3,819. For those in the 90th percentile, the tax bill can be as high as $4,734. The highest median tax bill recorded in the area is $3,007, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors can help homeowners manage their financial planning and anticipate annual property tax obligations.
Average Central Point Tax Bill
$3,007
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Central Point, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97502 | $910 | $2,230 | $3,007 | $3,819 | $4,734 |
Source: Ownwell