Metolius, Oregon Property Taxes
The median property tax rate in Metolius, OR is 0.74%, noticeably lower than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Metolius at $235,040, the typical annual property tax bill is $1,675, which is significantly below the national median of $2,690. Property taxes in Metolius are determined based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural land. Grasping Metolius's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Metolius or another part of Jefferson County, understanding the local property tax framework will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Metolius, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Metolius Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Metolius with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Metolius 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 Metolius, Oregon
Property taxes in Metolius, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Metolius is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Metolius set these rates annually, and they can vary significantly across different neighborhoods. Each year, Metolius 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 Metolius's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the zip code 97741 has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Metolius 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 Metolius Tax Rate
0.74%
Average Jefferson County Tax Rate
0.67%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Metolius, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97741 | 0.57% | 0.65% | 0.74% | 0.86% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Metolius, Oregon
In Metolius, 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 Metolius, 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 Metolius helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Metolius is $1,675, while the lowest is also $1,675, both in zip code 97741.
Average Metolius Assessed Value
$235,040
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 Metolius, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97741 | $37,216 | $144,358 | $235,040 | $313,000 | $378,840 |
Source: Ownwell
Property Tax Bills Across Metolius, Oregon
In Metolius, OR, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The assessed value is determined by the Jefferson County Assessor's Office and is influenced by factors such as property size, location, and improvements. Homeowners in Metolius typically see a range of property tax bills, with the 25th percentile at $1,063 and the 75th percentile at $2,116. The median home price in Metolius is $235,040, and the property tax rate is influenced by local levies and bonds approved by voters. Comparatively, the national median property tax rate stands at 0.99%, making Metolius's rates relatively moderate. The highest median tax bill in the area is $1,675, recorded in the 97741 zip code. These taxes fund essential services like schools, emergency services, and infrastructure, directly impacting the quality of life for residents. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and plan accordingly.
Average Metolius Tax Bill
$1,675
Average Jefferson County Tax Bill
$2,261
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Metolius, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97741 | $445 | $1,063 | $1,675 | $2,116 | $2,586 |
Source: Ownwell