Paisley, Lake County, Oregon Property Taxes
The median property tax rate in Paisley, OR is 1.23%, considerably higher than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Paisley, the typical annual property tax bill reaches $1,074, exceeding the national median of $2,690. Property taxes in Paisley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Paisley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Paisley 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
Paisley, Lake County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,125
$1,044
Ownwell’s Paisley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paisley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paisley 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 Paisley, Lake County, Oregon
Property taxes in Paisley, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paisley is 0.65%, lower than both the Oregon state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Paisley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paisley 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 Paisley's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97636 zip code has the highest median property tax rate of 0.65%, while the 97636 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Paisley provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Paisley Tax Rate
1.23%
Average Lake County Tax Rate
0.80%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paisley, Lake County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97636 | 0.21% | 0.29% | 1.23% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Paisley, Lake County, Oregon
In Paisley, 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 Lake 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 Paisley, 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 Paisley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Paisley are both $1,074, found in the 97636 zip code.
Property Tax Assessment Values Across Paisley, Lake County, Oregon
Source: Ownwell
$66,290
$129,470
$192,650
Average Paisley Assessed Value
$91,490
Average Lake County Assessed Value
$110,290
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Paisley, Lake County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97636 | $22,702 | $54,800 | $91,490 | $517,620 | $1,462,084 |
Source: Ownwell
Property Tax Bills Across Paisley, Lake County, Oregon
In Paisley, located in Lake County, Oregon, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is influenced by factors such as the property's market value, improvements made, and comparable property values in the area. The median home price in Paisley is $91,490, and the property tax rate is applied to this assessed value to determine the tax bill. For homeowners in Paisley, the property tax bill can vary significantly. At the 25th percentile, the tax bill is approximately $505, while at the 75th percentile, it reaches around $1,959. For those at the 90th percentile, the tax bill can be as high as $4,601. These variations can have a substantial impact on homeowners, affecting their annual expenses and potentially influencing their financial planning. Compared to the national median property tax rate of 0.99%, Paisley's tax rates reflect the local economic conditions and property values, ensuring that tax burdens are distributed in alignment with property worth.
Average Paisley Tax Bill
$1,074
Average Lake County Tax Bill
$884
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Paisley, Lake County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97636 | $279 | $505 | $1,074 | $1,959 | $4,601 |
Source: Ownwell