Shady Cove, Oregon Property Taxes
The median property tax rate in Shady Cove, OR is 0.63%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Shady Cove at $275,030, the typical annual property tax bill amounts to $1,990, which is below the national median of $2,690. Property taxes in Shady Cove are determined based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Shady Cove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shady Cove or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shady Cove, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,733
$1,608
Ownwell’s Shady Cove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shady Cove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shady Cove 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 Shady Cove, Oregon
Property taxes in Shady Cove, Oregon, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Shady Cove is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Shady Cove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shady Cove 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 Shady Cove's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97539 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Shady Cove 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 Shady Cove Tax Rate
0.63%
Average Jackson County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shady Cove, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97539 | 0.44% | 0.55% | 0.63% | 0.71% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Shady Cove, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shady Cove, Oregon. 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 Shady Cove, 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 Shady Cove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shady Cove is $275,030, with the highest and lowest median tax bills both being $1,990 in the 97539 zip code.
Average Shady Cove Assessed Value
$275,030
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 Shady Cove, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97539 | $66,224 | $116,850 | $275,030 | $441,345 | $613,890 |
Source: Ownwell
Property Tax Bills Across Shady Cove, Oregon
In Shady Cove, located in Jackson County, OR, property tax bills are determined based on the assessed value of a home, which is distinct from its market value. The assessed value is typically a percentage of the market value and is adjusted annually to reflect changes in the real estate market. Factors influencing the assessed value include the property's location, size, and condition. Homeowners in Shady Cove can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,134, while the 75th percentile reaches $2,874, and the 90th percentile goes up to $4,397. The median home price in this area is approximately $275,030. Comparatively, the national median property tax rate is 0.99%, which provides perspective on how Shady Cove’s tax rates align with broader trends. These property taxes are essential for funding local services such as schools, public safety, and infrastructure, thereby directly impacting the quality of life for residents.
Average Shady Cove Tax Bill
$1,990
Average Jackson County Tax Bill
$2,797
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Shady Cove, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97539 | $374 | $1,134 | $1,990 | $2,874 | $4,397 |
Source: Ownwell