Klamath Falls, Klamath County, Oregon Property Taxes

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

Median Klamath Falls, OR effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Klamath Falls, OR home value: $213,520
Median annual Klamath Falls, OR tax bill: $1,564, $836 lower than the national median property tax bill of $2,400.

How are property taxes in Klamath calculated?

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

Last Updated March 1, 2025

Klamath Falls, Klamath County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,601

$1,486

Ownwell’s Klamath Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Klamath Falls with just two data points. By entering your property's estimated assessed value, our calculator applies Klamath Falls’ 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 Klamath Falls, Klamath County, Oregon

Local government entities set tax rates, which can vary widely within a state. This variation exists because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Klamath Falls in Klamath County, Oregon, offers a unique perspective on property tax trends in the state. Here, the effective property tax rate is slightly below the national median of 1.02%, which can be an attractive feature for property owners. In comparison to the broader state of Oregon, Klamath Falls maintains a competitive tax rate, with the highest median tax rate in the area being 0.76% and the lowest at 0.73%. This positions Klamath Falls as an appealing option for those looking to benefit from relatively lower property taxes. Understanding these local nuances can provide valuable insights for property owners and potential buyers aiming to make informed decisions about property investments in Oregon.

Property Tax Rates Across Klamath Falls, 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 Klamath Falls Tax Rate

0.75%

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 Klamath Falls, Klamath County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97601	0.43%	0.55%	0.73%	1.11%	1.59%
97603	0.46%	0.57%	0.76%	1.17%	1.49%
97622	N/A	N/A	N/A	N/A	N/A
97623	N/A	N/A	N/A	N/A	N/A
97624	N/A	N/A	N/A	N/A	N/A
97627	N/A	N/A	N/A	N/A	N/A
97733	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Klamath Falls, Klamath County, Oregon

When examining property taxes in Klamath Falls, 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.

In Klamath County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Klamath Falls. For example, the median home price in Klamath Falls is $213,520, with tax bills ranging significantly across the county. Zip code 97601 has the highest median home price at $214,840.

Property Tax Assessment Values Across Klamath Falls, Klamath County, Oregon

Source: Ownwell

$40,980

$148,795

$256,610

Median Klamath Falls Market Value

$213,520

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 Klamath Falls, Klamath County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97601	$49,490	$108,130	$214,840	$362,460	$508,184
97603	$29,614	$104,330	$214,070	$318,358	$453,982
97622	N/A	N/A	N/A	N/A	N/A
97623	N/A	N/A	N/A	N/A	N/A
97624	N/A	N/A	N/A	N/A	N/A
97627	N/A	N/A	N/A	N/A	N/A
97733	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Klamath Falls, Klamath County, Oregon

In Klamath Falls, located in Klamath County, Oregon, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which reflects the home's worth in the current real estate market. Factors influencing this include property size, location, and any improvements made. Homeowners in Klamath Falls experience tax bills that can vary significantly, with the 25th percentile at $914 and the 75th percentile reaching $2,505. The highest median tax bill in the area is $1,600 in the 97603 zip code, while the lowest is $1,531 in the 97601 zip code. These figures are lower than the national median property tax bill of $2,400, providing some relief to homeowners. Ownwell offers valuable assistance by analyzing property assessments and identifying potential savings through appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their property tax burdens, ensuring they only pay their fair share.

Property Tax Bills Across Klamath Falls, Klamath County, Oregon

Source: Ownwell

$359

$980

$1,600

Median Klamath Falls Tax Bill

$1,564

Median Klamath County Tax Bill

$1,333

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Klamath Falls, Klamath County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97601	$469	$897	$1,531	$2,621	$4,067
97603	$278	$954	$1,600	$2,445	$3,276
97622	N/A	N/A	N/A	N/A	N/A
97623	N/A	N/A	N/A	N/A	N/A
97624	N/A	N/A	N/A	N/A	N/A
97627	N/A	N/A	N/A	N/A	N/A
97733	N/A	N/A	N/A	N/A	N/A

Source: Ownwell