Sprague River, Oregon Property Taxes
The median property tax rate in Sprague River, OR is 0.72%, 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 $54,260 in Sprague River, the typical annual property tax bill amounts to $379, significantly below the national median of $2,690. Property taxes in Sprague River are determined based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sprague River's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Sprague River or another part of Klamath County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sprague River, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$391
$363
Ownwell’s Sprague River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sprague River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sprague River 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 Sprague River, Oregon
Property taxes in Sprague River, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sprague River is 0.72%, lower than the U.S. national median of 0.99%. Local government entities within Sprague River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sprague River 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 Sprague River's effective property tax rate to other areas in Klamath County and the national median. For comparison, the 97639 zip code has the same median property tax rate of 0.72%. Understanding how these areas compare with Sprague River 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 Sprague River Tax Rate
0.72%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sprague River, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97639 | 0.26% | 0.44% | 0.72% | 0.96% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Sprague River, Oregon
In Sprague River, 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 Sprague River, 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 Sprague River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $379.00 in the 97639 zip code.
Average Sprague River Assessed Value
$54,260
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 Sprague River, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97639 | $10,840 | $24,760 | $54,260 | $112,315 | $361,560 |
Source: Ownwell
Property Tax Bills Across Sprague River, Oregon
In Sprague River, located in Klamath County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The median home price in this area is $54,260. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For homeowners in Sprague River, the tax bill can range significantly. The 25th percentile tax bill is around $169, while the 75th percentile tax bill reaches $796. Those in the 90th percentile see tax bills as high as $1,347. The highest and lowest median tax bills in the area are both $379, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Sprague River's property tax rates can be considered moderate, providing homeowners with a clearer understanding of their financial obligations and helping them plan their budgets accordingly.
Average Sprague River Tax Bill
$379
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Sprague River, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97639 | $69 | $169 | $379 | $796 | $1,347 |
Source: Ownwell