Swisshome, Oregon Property Taxes
The median property tax rate in Swisshome, OR is 0.63%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $173,337, the typical annual property tax bill in Swisshome is $1,142, which is below the national median of $2,690. Property taxes in Swisshome are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Swisshome'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 Swisshome 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
Swisshome, 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 Swisshome Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swisshome with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swisshome 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 Swisshome, Oregon
Property taxes in Swisshome, Oregon, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swisshome is 0.63%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Swisshome set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swisshome 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 Swisshome's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97480 zip code has the highest median property tax rate of 0.63%, while the 97480 zip code has the lowest median tax rate of 0.63%. Understanding how these cities compare with Swisshome 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 Swisshome Tax Rate
0.63%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swisshome, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97480 | 0.46% | 0.56% | 0.63% | 0.75% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Swisshome, Oregon
In Swisshome, 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 Swisshome, 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 Swisshome helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,142, and the lowest median tax bill is also $1,142, both in the 97480 zip code.
Average Swisshome Assessed Value
$173,337
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 Swisshome, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97480 | $23,015 | $68,260 | $173,337 | $284,788 | $404,333 |
Source: Ownwell
Property Tax Bills Across Swisshome, Oregon
In Swisshome, Lane County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. The median home price in Swisshome is $173,337, and the tax rate in Lane County is reflective of the state’s property tax policies. Factors that influence the tax bill include the property's assessed value, any exemptions or deductions for which the homeowner qualifies, and the specific tax rate applied by the local jurisdiction. For instance, the tax bill for the 25th percentile is $596, while at the 75th percentile, it rises to $1,755, and at the 90th percentile, it reaches $2,456. Compared to the national median property tax rate of 0.99%, homeowners in Swisshome may find their tax bills to be relatively moderate, impacting their overall cost of homeownership and financial planning.
Average Swisshome Tax Bill
$1,142
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Swisshome, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97480 | $286 | $596 | $1,142 | $1,755 | $2,456 |
Source: Ownwell