Dexter, Oregon Property Taxes
The median property tax rate in Dexter, OR is 0.62%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Dexter at $293,148, the typical annual property tax bill reaches $1,913, significantly below the national median of $2,690. Property taxes in Dexter 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 Dexter'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 Dexter 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
Dexter, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,818
$1,687
Ownwell’s Dexter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dexter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dexter 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 Dexter, Oregon
Property taxes in Dexter, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dexter is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Dexter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dexter 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 Dexter's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97431 has both the highest and the lowest median property tax rate of 0.62%. Understanding how these areas compare with Dexter 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 Dexter 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 Dexter, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97431 | 0.40% | 0.52% | 0.62% | 0.73% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Dexter, Oregon
In Dexter, 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 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 Dexter, 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 Dexter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dexter is $293,148, with the highest median tax bill found in the 97431 zip code at $1,913.
Average Dexter Assessed Value
$293,148
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 Dexter, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97431 | $17,631 | $87,089 | $293,148 | $459,402 | $584,333 |
Source: Ownwell
Property Tax Bills Across Dexter, Oregon
In Dexter, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the Lane County assessor's office. The assessed value is typically lower than the market value and is adjusted annually to reflect changes in the housing market. Homeowners in Dexter can expect their tax bill to be influenced by the local tax rate and the specific assessed value of their property. For example, the median home price in Dexter is $293,148, which can give an idea of what the assessed value might be. The property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $719, while those at the 75th percentile could see bills as high as $3,120. The top 10% of tax bills can reach up to $4,347. These variations affect homeowners differently depending on their property’s assessed value and the local tax rate. For comparison, the national median property tax rate is 0.99%, which helps put Dexter’s rates into a broader context.
Average Dexter Tax Bill
$1,913
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Dexter, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97431 | $203 | $719 | $1,913 | $3,120 | $4,347 |
Source: Ownwell