Deadwood, Oregon Property Taxes
The median property tax rate in Deadwood, Oregon is 0.62%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Deadwood, the typical annual property tax bill reaches $1,101, which is well below the national median of $2,690. Property taxes in Deadwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Deadwood'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 Deadwood or another part of Lane County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deadwood, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Deadwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deadwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deadwood 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 Deadwood, Oregon
Property taxes in Deadwood, Oregon, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Deadwood is 0.62%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Deadwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deadwood 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 Deadwood's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97430 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Deadwood provides valuable insights into the varying tax landscape across Lane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deadwood Tax Rate
0.62%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deadwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97430 | 0.40% | 0.51% | 0.62% | 0.77% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Deadwood, Oregon
In Deadwood, 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 Lane County Appraisal District 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 Deadwood, 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. For example, the median home price is $174,962, with tax bills ranging from $473 at the 25th percentile to $2,312 at the 90th percentile. The zip code with the highest median tax bill is 97430, amounting to $1,101, which is significantly higher than the national median property tax rate of 0.99%. 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 Deadwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Deadwood Assessed Value
$174,962
Average Lane County Assessed Value
$368,888
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deadwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97430 | $18,584 | $64,936 | $174,962 | $275,968 | $375,824 |
Source: Ownwell
Property Tax Bills Across Deadwood, Oregon
In Deadwood, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $174,962 in Deadwood, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The 25th percentile tax bill in Deadwood is around $473, while the 75th percentile tax bill reaches up to $1,646. For those in the higher bracket, the 90th percentile tax bill can be as much as $2,312. These figures show a range of tax burdens, reflecting differences in property values and any applicable deductions or exemptions. Compared to the national median property tax rate of 0.99%, Deadwood's tax bills indicate a diverse range of financial impacts on homeowners. The highest and lowest median tax bills in the county are both $1,101, highlighting a degree of uniformity in tax assessments within the area.
Average Deadwood Tax Bill
$1,101
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Deadwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97430 | $178 | $473 | $1,101 | $1,646 | $2,312 |
Source: Ownwell