Elmira, Oregon Property Taxes
The median property tax rate in Elmira, OR is 0.66%, which is significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $332,268 in Elmira, the typical annual property tax bill amounts to $2,216, falling below the national median of $2,690. Property taxes in Elmira are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences or agricultural properties. Gaining a thorough understanding of Elmira's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you reside in Elmira or another part of Lane County, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elmira, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$2,193
Ownwell’s Elmira Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elmira with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elmira 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 Elmira, Oregon
Property taxes in Elmira, Oregon, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Elmira is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Elmira set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elmira 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 Elmira's effective property tax rate to other areas in Oregon and the national median. For comparison, the ZIP code 97437 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Elmira 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 Elmira Tax Rate
0.66%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elmira, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97437 | 0.47% | 0.56% | 0.66% | 0.73% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Elmira, Oregon
In Elmira, 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 Elmira, 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 Elmira helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elmira is $332,268, with tax bills ranging from $955 at the 25th percentile to $4,344 at the 90th percentile. The highest median tax bill in the area is $2,216, found in the 97437 zip code.
Average Elmira Assessed Value
$332,268
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 Elmira, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97437 | $43,891 | $173,587 | $332,268 | $478,984 | $638,321 |
Source: Ownwell
Property Tax Bills Across Elmira, Oregon
In Elmira, located in Lane County, OR, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is generally lower than the market value. Factors such as property size, location, and improvements are considered in this assessment. The tax rate in Elmira is applied to this assessed value to determine your annual property tax bill. For homeowners in Elmira, the median home price is $332,268. Property tax bills can vary significantly, with the 25th percentile tax bill at $955 and the 75th percentile reaching $3,313. The 90th percentile tax bill can go up to $4,344. These variations depend on the specific characteristics and assessed value of each property. The highest and lowest median tax bills in Elmira are both $2,216, reflecting the consistency within certain zip codes. Compared to the national median property tax rate of 0.99%, Elmira's tax bills present a diverse range, impacting homeowners differently based on their property's assessed value.
Average Elmira Tax Bill
$2,216
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Elmira, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97437 | $282 | $955 | $2,216 | $3,313 | $4,344 |
Source: Ownwell