Crescent, Klamath County, Oregon Property Taxes

Name: Property Tax Bills Across Crescent, Klamath County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Crescent, OR effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Crescent, OR home value: $109,990
Median annual Crescent, OR tax bill: $805, $1,595 lower than the national median property tax bill of $2,400.

How are property taxes in Klamath calculated?

Property taxes in Crescent, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Crescent’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crescent, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Crescent, Klamath County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$726

$674

Ownwell’s Crescent Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crescent with just two data points. By entering your property's estimated assessed value, our calculator applies Crescent’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Klamath County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crescent, Klamath County, Oregon

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Crescent in Klamath County, Oregon, exhibits a property tax rate of 0.66%, significantly below the national median of 1.02%. This lower rate can result in substantial savings for property owners compared to other parts of the country. Oregon's tax rates are generally lower than the national average, making it an attractive location for those looking to minimize property tax expenses. Despite being below the national median, it's essential to consider how these taxes contribute to local services and infrastructure. Property taxes are a critical source of funding for schools, emergency services, and road maintenance. Understanding the local property tax landscape can be beneficial for homeowners and potential buyers in Crescent, helping them make informed decisions about their investments.

Property Tax Rates Across Crescent, Klamath County, Oregon

Source: Ownwell

0.39%

0.66%

0.92%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Crescent Tax Rate

0.66%

Median Effective Klamath County Tax Rate

0.72%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crescent, Klamath County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97733	0.32%	0.44%	0.66%	1.02%	1.32%

Source: Ownwell

Property Tax Assessment Values Across Crescent, Klamath County, Oregon

When examining property taxes in Crescent, Oregon, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Klamath County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Klamath County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Crescent.

For example, the median home price in Crescent is $109,990, with tax bills ranging significantly across the county. 97733 has the highest median home price at $109,990.

Property Tax Assessment Values Across Crescent, Klamath County, Oregon

Source: Ownwell

$40,980

$148,795

$256,610

Median Crescent Market Value

$109,990

Median Klamath County Market Value

$184,440

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crescent, Klamath County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97733	$15,108	$49,840	$109,990	$245,280	$468,544

Source: Ownwell

Property Tax Bills Across Crescent, Klamath County, Oregon

Property tax bills in Crescent, located in Klamath County, Oregon, are calculated based on the assessed value of a property rather than its market value. The assessed value is determined by the local tax assessor and considers factors such as property size, location, and any improvements made. With a median home price of $109,990, Crescent homeowners face a range of property tax bills. The tax bill at the 25th percentile is $339, while at the 75th percentile, it reaches $1,503. The 90th percentile tax bill is $2,212, which is slightly below the national median property tax bill of $2,400. Crescent's median tax bill stands at $805, which is relatively low compared to the national median tax rate of 1.02%. Homeowners in Crescent can benefit from Ownwell's expertise in property tax appeal and exemption services. By analyzing property assessments, Ownwell identifies opportunities for tax reductions, potentially saving homeowners significant amounts on their annual tax bills.

Property Tax Bills Across Crescent, Klamath County, Oregon

Source: Ownwell

$359

$980

$1,600

Median Crescent Tax Bill

$805

Median Klamath County Tax Bill

$1,333

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Crescent, Klamath County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97733	$126	$339	$805	$1,503	$2,212

Source: Ownwell