Applegate, Oregon Property Taxes
The median property tax rate in Applegate, OR is 0.45%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Applegate at $117,185, the typical annual property tax bill is $619, well below the national median of $2,690. Property taxes in Applegate are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Applegate's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Applegate 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
Applegate, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$527
$489
Ownwell’s Applegate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Applegate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Applegate 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 Applegate, Oregon
Property taxes in Applegate, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Applegate is 0.45%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Applegate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Applegate 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 Applegate's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97530 has both the highest and lowest median property tax rate of 0.45%. Understanding how these cities compare with Applegate provides valuable insights into the varying tax landscape across Josephine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Applegate Tax Rate
0.45%
Average Josephine County Tax Rate
0.51%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Applegate, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97530 | 0.38% | 0.41% | 0.45% | 0.50% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Applegate, Oregon
In Applegate, 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 Josephine 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 Applegate, 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 Applegate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Applegate is $117,185, with the highest and lowest median tax bills both at $619 in the zip code 97530.
Average Applegate Assessed Value
$117,185
Average Josephine County Assessed Value
$338,885
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Applegate, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97530 | $40,405 | $69,198 | $117,185 | $165,172 | $193,965 |
Source: Ownwell
Property Tax Bills Across Applegate, Oregon
Property tax bills in Applegate, Josephine County, OR are calculated based on the assessed value of a property, which is determined by the county assessor's office. This assessed value is multiplied by the local tax rate to determine the annual tax bill. For Applegate, the median home price is $117,185, and the property tax rate is applied to this value to calculate the tax owed. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is $348, while the 75th percentile tax bill is $890, showing a range of what homeowners might expect. The 90th percentile tax bill reaches $1,052, indicating higher-end properties or those with fewer exemptions. Compared to the national median property tax rate of 0.99%, Applegate's property tax bills may appear more favorable, affecting homeowners by potentially lowering their annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Applegate Tax Bill
$619
Average Josephine County Tax Bill
$1,771
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Applegate, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97530 | $185 | $348 | $619 | $890 | $1,052 |
Source: Ownwell