Camp Sherman, Oregon Property Taxes
The median property tax rate in Camp Sherman, OR is 0.69%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $613,460 in Camp Sherman, the typical annual property tax bill reaches $4,132, significantly exceeding the national median of $2,690. Property taxes in Camp Sherman 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 Camp Sherman'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 Camp Sherman 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
Camp Sherman, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$4,233
$3,928
Ownwell’s Camp Sherman Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Camp Sherman using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camp Sherman 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 Camp Sherman, Oregon
Property taxes in Camp Sherman, Oregon, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Camp Sherman is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Camp Sherman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camp Sherman 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 Camp Sherman's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97730 has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Camp Sherman provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camp Sherman Tax Rate
0.69%
Average Jefferson County Tax Rate
0.67%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camp Sherman, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97730 | 0.43% | 0.54% | 0.69% | 0.78% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Camp Sherman, Oregon
In Camp Sherman, 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 Jefferson 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 Camp Sherman, 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 Camp Sherman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Camp Sherman, the median home price is $613,460. The lowest and highest median tax bills are both $4,132 in the zip code 97730. Homeowners in the 25th percentile pay around $2,659, while those in the 75th percentile pay approximately $4,807, with the 90th percentile reaching $5,885.
Average Camp Sherman Assessed Value
$613,460
Average Jefferson County Assessed Value
$346,110
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camp Sherman, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97730 | $256,493 | $474,510 | $613,460 | $709,960 | $869,355 |
Source: Ownwell
Property Tax Bills Across Camp Sherman, Oregon
In Camp Sherman, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson County Assessor's Office. The assessed value takes into account various factors, including the property's market value, location, and any improvements made. Homeowners in Camp Sherman can expect to pay property tax rates that are influenced by these assessments, with the median home price in the area being $613,460. The property tax rate in this region is slightly above the national median of 0.99%. For instance, the 25th percentile of tax bills is $2,659, while the 75th percentile reaches $4,807, and the 90th percentile climbs to $5,885. This range illustrates how tax obligations can vary significantly based on property value and other assessed factors. For homeowners, this means that property taxes can represent a considerable annual expense, impacting their overall financial planning and homeownership costs.
Average Camp Sherman Tax Bill
$4,132
Average Jefferson County Tax Bill
$2,261
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Camp Sherman, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97730 | $1,012 | $2,659 | $4,132 | $4,807 | $5,885 |
Source: Ownwell