Culver, Oregon Property Taxes
The median property tax rate in Culver, Oregon is 0.59%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Culver at $338,220, the typical annual property tax bill is $2,101, which is below the national median of $2,690. Property taxes in Culver are based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Culver's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Culver or another part of Jefferson County, comprehending the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Culver, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,995
Ownwell’s Culver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Culver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Culver 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 Culver, Oregon
Property taxes in Culver, Oregon, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Culver is 0.59%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Culver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Culver 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 Culver's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97734 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Culver 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 Culver Tax Rate
0.59%
Average Jefferson County Tax Rate
0.67%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Culver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97734 | 0.34% | 0.46% | 0.59% | 0.71% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Culver, Oregon
In Culver, 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 Appraisal District 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 Culver, 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 Culver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97734 has the highest and lowest median tax bill of $2,101.
Average Culver Assessed Value
$338,220
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 Culver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97734 | $160,220 | $238,200 | $338,220 | $430,110 | $629,844 |
Source: Ownwell
Property Tax Bills Across Culver, Oregon
Property tax bills in Culver, Jefferson County, OR, are calculated based on the assessed value of a property, not its market value. The assessed value is determined by the county assessor and is often lower than the market value. The property tax rate in Culver is applied to this assessed value to generate the annual tax bill. Homeowners in Culver can expect a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,187, while the 75th percentile tax bill is approximately $2,638. At the 90th percentile, homeowners might see tax bills as high as $3,456. These figures highlight the variability in tax burdens across different properties. Compared to the national median property tax rate of 0.99%, Culver's tax rates can significantly impact homeowners, influencing decisions on homeownership and property investments. The highest and lowest median tax bills in the area are both recorded at $2,101, indicating some consistency in tax assessments within the region.
Average Culver Tax Bill
$2,101
Average Jefferson County Tax Bill
$2,261
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Culver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97734 | $566 | $1,187 | $2,101 | $2,638 | $3,456 |
Source: Ownwell