Selma, Oregon Property Taxes
The median property tax rate in Selma, OR is 0.49%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $183,595 in Selma, the typical annual property tax bill amounts to $913, well below the national median of $2,690. Property taxes in Selma are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Selma'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 Selma or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Selma, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$900
$835
Ownwell’s Selma Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Selma with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Selma to provide an estimate of your property tax bill. This valuable 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 Josephine County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Selma, Oregon
Property taxes in Selma, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Selma is 0.49%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Selma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Selma 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 Selma's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97538 zip code has the highest median property tax rate of 0.49%, while it also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Selma 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 Selma Tax Rate
0.49%
Average Josephine County Tax Rate
0.51%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Selma, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97538 | 0.16% | 0.39% | 0.49% | 0.57% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Selma, Oregon
In Selma, 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 Selma, 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 Selma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97538, with a value of $913, while the lowest median tax bill is also in 97538, at $913.
Average Selma Assessed Value
$183,595
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 Selma, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97538 | $3,574 | $30,912 | $183,595 | $295,068 | $415,775 |
Source: Ownwell
Property Tax Bills Across Selma, Oregon
In Selma, Josephine County, OR, property tax bills are calculated based on the assessed value of a home, which is distinct from its market value. The assessed value is determined by local government assessors who evaluate the property to establish its taxable value. This value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Selma experience a wide range of tax bills. For instance, the 25th percentile tax bill is $112, while the 75th percentile reaches $1,502, and the 90th percentile can go up to $2,169. These variations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Selma's tax bills reflect a diverse landscape, impacting homeowners differently based on their property's assessed value and the specific tax rate applied. This system ensures that property taxes are proportionate to the value of the property, thereby funding essential local services and infrastructure.
Average Selma Tax Bill
$913
Average Josephine County Tax Bill
$1,771
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Selma, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97538 | $11 | $112 | $913 | $1,502 | $2,169 |
Source: Ownwell