Gold Hill, Oregon Property Taxes
The median property tax rate in Gold Hill, OR is 0.68%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Gold Hill at $207,400, the typical annual property tax bill reaches $1,730, which is below the national median of $2,690. Property taxes in Gold Hill 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 Gold Hill'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 Gold Hill 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
Gold Hill, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,410
$1,309
Ownwell’s Gold Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gold Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gold Hill 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 Gold Hill, Oregon
Property taxes in Gold Hill, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gold Hill is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Gold Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gold Hill 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 Gold Hill's effective property tax rate to other areas in Jackson County and the national median. For comparison, the 97525 zip code has the highest median property tax rate of 0.68%, while it also holds the lowest median tax rate of 0.68%. Understanding how these figures compare with Gold Hill 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 Gold Hill Tax Rate
0.68%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gold Hill, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97525 | 0.34% | 0.48% | 0.68% | 0.87% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Gold Hill, Oregon
In Gold Hill, 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 Gold Hill, 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 Gold Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Gold Hill is $1,730, with the zip code 97525 having the highest and lowest median tax bills at $1,730.
Average Gold Hill Assessed Value
$207,400
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 Gold Hill, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97525 | $38,830 | $97,930 | $207,400 | $318,520 | $420,700 |
Source: Ownwell
Property Tax Bills Across Gold Hill, Oregon
In Gold Hill, located in Jackson County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the market value, reflecting the property's worth in the current real estate market. Factors such as property size, location, and improvements can influence this valuation. Homeowners in Gold Hill see a range of tax bills, with the 25th percentile paying around $906 annually and the 75th percentile facing bills up to $2,243. Those at the 90th percentile can expect to pay as much as $2,912. The median home price in the area is $207,400, and the median property tax bill in the 97525 zip code stands at $1,730. Compared to the national median property tax rate of 0.99%, Gold Hill's rates can significantly impact homeowners, affecting their annual budgets and overall financial planning.
Average Gold Hill Tax Bill
$1,730
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gold Hill, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97525 | $189 | $906 | $1,730 | $2,243 | $2,912 |
Source: Ownwell