Phoenix, Oregon Property Taxes
The median property tax rate in Phoenix, OR is 0.92%, slightly lower than the national median of 0.99% but higher than the Oregon state median of 0.86%. With a median home value of $329,890, the typical annual property tax bill in Phoenix reaches $2,943, surpassing the national median of $2,690. Property taxes in Phoenix are calculated based on the assessed value, which is often below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Phoenix'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 Phoenix 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
Phoenix, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$3,035
$2,816
Ownwell’s Phoenix Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Phoenix with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Phoenix 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 Phoenix, Oregon
Property taxes in Phoenix, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Phoenix is 0.92%, which is just below the U.S. national median of 0.99%. Local government entities within Phoenix set these rates annually, and they can vary significantly across different neighborhoods. Each year, Phoenix 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 Phoenix's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97535 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Phoenix 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 Phoenix Tax Rate
0.92%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phoenix, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97535 | 0.65% | 0.82% | 0.92% | 0.98% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Phoenix, Oregon
In Phoenix, 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 Phoenix, 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 Phoenix helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97535 has the highest and lowest median tax bills, both at $2,943, which is significantly higher than the national median property tax rate of 0.99%.
Average Phoenix Assessed Value
$329,890
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 Phoenix, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97535 | $126,698 | $227,680 | $329,890 | $417,330 | $508,222 |
Source: Ownwell
Property Tax Bills Across Phoenix, Oregon
In Phoenix, Jackson County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the final tax bill. The median home price in Phoenix is $329,890, and property taxes here can vary significantly. For instance, the tax bill at the 25th percentile is around $2,025, while at the 75th percentile, it reaches approximately $3,820. At the 90th percentile, homeowners might pay as much as $4,569. Several factors influence the property tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Phoenix should be aware that these taxes can have a substantial impact on their annual budget. Compared to the national median property tax rate of 0.99%, understanding these local nuances is crucial for effective financial planning and ensuring that property taxes are manageable.
Average Phoenix Tax Bill
$2,943
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Phoenix, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97535 | $989 | $2,025 | $2,943 | $3,820 | $4,569 |
Source: Ownwell