Warm Springs, Oregon Property Taxes
The median property tax rate in Warm Springs, OR is 0.40%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Warm Springs at $554,100, the typical annual property tax bill amounts to $2,108, which is below the national median of $2,690. Property taxes in Warm Springs are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Warm Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Warm Springs or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warm Springs, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$2,216
$2,057
Ownwell’s Warm Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warm Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warm Springs 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 Warm Springs, Oregon
Property taxes in Warm Springs, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warm Springs is 0.89%, which is higher than the Oregon state median of 0.90% but slightly below the U.S. national median of 0.99%. Local government entities within Warm Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warm Springs 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 Warm Springs' effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in the state is found in zip code 97201 at 1.02%, while the lowest is in zip code 97520 at 0.75%. Understanding how these cities compare with Warm Springs 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 Warm Springs Tax Rate
0.40%
Average Jefferson County Tax Rate
0.67%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warm Springs, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97761 | 0.30% | 0.34% | 0.40% | 0.46% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Warm Springs, Oregon
In Warm Springs, 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 Warm Springs, 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. For instance, the median home price in Warm Springs is $554,100, with tax bills ranging from $1,914 at the 25th percentile to $2,419 at the 90th percentile. The highest and lowest median tax bills both stand at $2,108 in the 97761 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warm Springs Assessed Value
$554,100
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 Warm Springs, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97761 | $497,492 | $518,720 | $554,100 | $589,480 | $610,708 |
Source: Ownwell
Property Tax Bills Across Warm Springs, Oregon
Property tax bills in Warm Springs, Jefferson County, OR, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is often a percentage of the market value. The tax rate, applied to this assessed value, is influenced by local government budgets and voter-approved measures. In Warm Springs, the median home price stands at $554,100, with property tax bills ranging from $1,914 at the 25th percentile to $2,419 at the 90th percentile. The median tax bill is $2,108, which is slightly above the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and local government needs can also affect the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Higher property taxes can affect affordability and the overall cost of homeownership, making it essential for homeowners to stay informed about their property’s assessed value and any changes in local tax rates.
Average Warm Springs Tax Bill
$2,108
Average Jefferson County Tax Bill
$2,261
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Warm Springs, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97761 | $1,797 | $1,914 | $2,108 | $2,302 | $2,419 |
Source: Ownwell