Madras, Jefferson County, Oregon Property Taxes
Median Madras, OR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Madras, OR home value: $290,310
Median annual Madras, OR tax bill: $2,148, $252 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson County calculated?
Property taxes in Madras, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Madras’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Madras, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Madras, Jefferson County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$2,206
$2,047
Ownwell’s Madras Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Madras with just two data points.
By entering your property's estimated assessed value, our calculator applies Madras’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Jefferson County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jefferson County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Madras, Jefferson County, Oregon
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Below, you can compare Madras’s effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S. Madras, located in Jefferson County, has a median property tax rate of 0.76%. This rate is notably lower than the national median property tax rate of 1.02%. In fact, Madras shares this rate with both the highest and lowest median tax rates within the area, indicating a uniformity in property tax assessments in this region. With a national median property tax bill of $2,400, the lower rate in Madras can offer significant savings to property owners compared to many other parts of the country.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Madras Tax Rate
0.76%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Jefferson County Tax Rate
0.67%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madras, Jefferson County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97741 | 0.57% | 0.67% | 0.76% | 0.90% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Madras, Jefferson County, Oregon
When examining property taxes in Madras, Oregon, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Jefferson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Jefferson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Madras.
For example, the median home price in Madras is $290,310, with tax bills ranging significantly across the county. Zip code 97741 has the highest median home price at $290,310.
Property Tax Assessment Values Across Madras, Jefferson County, Oregon
Source: Ownwell
$235,040
$424,250
$613,460
Median Madras Market Value
$290,310
Median Jefferson County Market Value
$346,110
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madras, Jefferson County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97741 | $39,990 | $204,520 | $290,310 | $391,320 | $504,264 |
Source: Ownwell
Property Tax Bills Across Madras, Jefferson County, Oregon
Median Madras Tax Bill
$2,148
Median Jefferson County Tax Bill
$2,261
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Madras, Jefferson County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97741 | $389 | $1,474 | $2,148 | $2,890 | $3,867 |
Source: Ownwell