Kerby, Oregon Property Taxes
The median property tax rate in Kerby, OR is 0.55%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Kerby at $138,930, the typical annual property tax bill amounts to $673, well below the national median of $2,690. Property taxes in Kerby 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 Kerby's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kerby 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
Kerby, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$764
Ownwell’s Kerby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kerby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kerby 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 Kerby, Oregon
Property taxes in Kerby, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kerby is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Kerby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kerby 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 Kerby's effective property tax rate to other areas in Josephine County and the national median. For comparison, the zip code 97531 has both the highest and lowest median property tax rate in the area, at 0.55%. Understanding how these cities compare with Kerby 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 Kerby Tax Rate
0.55%
Average Josephine County Tax Rate
0.51%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kerby, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97531 | 0.33% | 0.45% | 0.55% | 0.67% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Kerby, Oregon
In Kerby, 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 Kerby, 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 Kerby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97531 has the highest and lowest median tax bill at $673.
Average Kerby Assessed Value
$138,930
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 Kerby, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97531 | $10,057 | $24,030 | $138,930 | $218,842 | $308,586 |
Source: Ownwell
Property Tax Bills Across Kerby, Oregon
In Kerby, located in Josephine County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is influenced by the market value of the home, recent sales in the area, and any improvements made to the property. Typically, the tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Kerby, the median home price is $138,930. Property tax bills can range significantly, with the 25th percentile paying around $149 annually, while those in the 75th percentile may see bills as high as $1,293. The 90th percentile of homeowners might face a tax bill of up to $1,702. These variations illustrate how property taxes can impact homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, and understanding where Kerby stands can help homeowners anticipate their financial obligations. Homeowners in Kerby should be aware of these factors to better manage their property tax expenses.
Average Kerby Tax Bill
$673
Average Josephine County Tax Bill
$1,771
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Kerby, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97531 | $27 | $149 | $673 | $1,293 | $1,702 |
Source: Ownwell