Sisters, Oregon Property Taxes
The median property tax rate in Sisters, OR is 0.81%, which is lower than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Sisters at $343,910, the typical annual property tax bill reaches $1,993, falling below the national median of $2,690. Property taxes in Sisters are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sisters' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sisters 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
Sisters, 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 Sisters Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sisters with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sisters 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 Sisters, Oregon
Property taxes in Sisters, Oregon, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sisters is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Sisters set these rates annually, and they can vary across different neighborhoods. Each year, Sisters 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 Sisters' effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97759 has both the highest and lowest median property tax rate of 0.81%, reflecting a consistent tax landscape within this region. Understanding how these cities compare with Sisters 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 Sisters Tax Rate
0.81%
Average Jefferson County Tax Rate
0.67%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sisters, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97759 | 0.39% | 0.59% | 0.81% | 0.99% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Sisters, Oregon
In Sisters, 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's Office 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 Sisters, 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 Sisters helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 97759, both at $1,993, which is significantly lower than the national median of 0.99%.
Average Sisters Assessed Value
$343,910
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 Sisters, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97759 | $25,295 | $45,028 | $343,910 | $799,852 | $1,102,293 |
Source: Ownwell
Property Tax Bills Across Sisters, Oregon
In Sisters, located in Jefferson County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. For homeowners in Sisters, the median home price is $343,910, and tax bills can vary significantly. At the 25th percentile, homeowners might pay around $537 annually, while those at the 75th percentile could see bills as high as $3,598. The top 10% of property tax bills can reach up to $4,124. Compared to the national median property tax rate of 0.99%, the property tax burden in Sisters is relatively moderate. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Sisters Tax Bill
$1,993
Average Jefferson County Tax Bill
$2,261
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Sisters, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97759 | $281 | $537 | $1,993 | $3,598 | $4,124 |
Source: Ownwell