Eagle Point, Oregon Property Taxes
The median property tax rate in Eagle Point, OR is 0.64%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Eagle Point being $389,350, the typical annual property tax bill reaches $2,407, which is below the national median of $2,690. Property taxes in Eagle Point 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 Eagle 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 Eagle 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
Eagle Point, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$2,492
$2,312
Ownwell’s Eagle Point Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Eagle Point using just two data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Eagle Point to project your property tax bill. This valuable tool provides insight into potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by Jackson County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Eagle Point, Oregon
Property taxes in Eagle Point, Oregon, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Eagle Point is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Eagle Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle 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 Eagle Point's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97524 has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these areas compare with Eagle 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 Eagle Point Tax Rate
0.64%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Point, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97524 | 0.38% | 0.54% | 0.64% | 0.73% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Point, Oregon
In Eagle 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. Assessment notices in Eagle Point 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 Eagle Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eagle Point is $389,350, with tax bills ranging from $1,675 at the 25th percentile to $4,686 at the 90th percentile. The zip code 97524 has the highest median tax bill at $2,407.
Average Eagle Point Assessed Value
$389,350
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 Eagle Point, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97524 | $74,878 | $210,335 | $389,350 | $512,790 | $629,926 |
Source: Ownwell
Property Tax Bills Across Eagle Point, Oregon
In Eagle Point, Jackson County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically lower than the market value and serves as the basis for the tax rate applied. The median home price in Eagle Point is $389,350, and the property tax rate is reflective of the local government’s budgetary needs and public services funding. Homeowners in Eagle Point can expect their annual tax bills to vary significantly. The tax bill at the 25th percentile is about $1,675, indicating that lower-valued properties or those with exemptions pay less. At the 75th percentile, the tax bill rises to approximately $3,353, while the 90th percentile sees bills as high as $4,686. These figures show a range that depends on the property's assessed value and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Eagle Point's tax rates can be considered moderate, affecting homeowners by contributing to the overall cost of homeownership and local community funding.
Average Eagle Point Tax Bill
$2,407
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Point, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97524 | $546 | $1,675 | $2,407 | $3,353 | $4,686 |
Source: Ownwell