Keno, Klamath County, Oregon Property Taxes
The median property tax rate in Keno, OR is 0.68%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $142,940 in Keno, the typical annual property tax bill amounts to $1,344, significantly under the national median of $2,690. Property taxes in Keno are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Keno'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 Keno 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
Keno, Klamath County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$972
$902
Ownwell’s KENO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in KENO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in KENO 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 Keno, Klamath County, Oregon
Property taxes in Keno, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keno is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Keno set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keno 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 Keno's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97627 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Keno provides valuable insights into the varying tax landscape across Klamath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keno Tax Rate
0.68%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keno, Klamath County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97627 | 0.36% | 0.40% | 0.68% | 1.12% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Keno, Klamath County, Oregon
In Keno, 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 Klamath 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 Keno, 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. For instance, the zip code 97627 has both the highest and lowest median tax bill at $1,344. Being aware of these valuation processes in Keno helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Keno, Klamath County, Oregon
Source: Ownwell
$40,980
$148,795
$256,610
Average Keno Assessed Value
$142,940
Average Klamath County Assessed Value
$184,440
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keno, Klamath County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97627 | $17,210 | $54,910 | $142,940 | $445,220 | $554,032 |
Source: Ownwell
Property Tax Bills Across Keno, Klamath County, Oregon
Property tax bills in Keno, Klamath County, OR, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessment. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Keno, homeowners experience a range of property tax bills. For instance, the 25th percentile tax bill is $482, indicating that a quarter of homeowners pay less than this amount. At the 75th percentile, the tax bill rises to $1,982, and the 90th percentile sees a tax bill of $2,620. The highest median tax bill in the area is $1,344, which is notably higher than the national median property tax rate of 0.99%. These property tax bills significantly impact homeowners by influencing their overall housing costs. Understanding how these factors interplay can help homeowners anticipate their annual property tax obligations and manage their finances effectively.
Average Keno Tax Bill
$1,344
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Keno, Klamath County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97627 | $159 | $482 | $1,344 | $1,982 | $2,620 |
Source: Ownwell