Eddyville, Oregon Property Taxes
The median property tax rate in Eddyville, OR is 0.61%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Eddyville, the typical annual property tax bill reaches $1,057, which is well below the national median of $2,690. Property taxes in Eddyville 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 Eddyville'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 Eddyville or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eddyville, 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 Eddyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eddyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eddyville 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 Eddyville, Oregon
Property taxes in Eddyville, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eddyville is 0.61%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Eddyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eddyville 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 Eddyville's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97343 has both the highest and the lowest median property tax rate of 0.61%. Understanding how these cities compare with Eddyville provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eddyville Tax Rate
0.61%
Average Lincoln County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eddyville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97343 | 0.40% | 0.50% | 0.61% | 0.71% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Eddyville, Oregon
In Eddyville, 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 Lincoln 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 Eddyville, 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 Eddyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97343, with a tax bill of $1,057.
Average Eddyville Assessed Value
$165,575
Average Lincoln County Assessed Value
$341,090
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eddyville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97343 | $37,823 | $72,650 | $165,575 | $282,758 | $389,908 |
Source: Ownwell
Property Tax Bills Across Eddyville, Oregon
In Eddyville, Lincoln County, OR, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is applied to this assessed value to calculate the annual property tax bill. For example, the median home price in Eddyville is $165,575. Depending on various factors, homeowners in the 25th percentile might pay around $405 annually, while those in the 75th percentile could see bills as high as $1,881. At the 90th percentile, tax bills can reach up to $2,338. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, homeowners in Eddyville experience a diverse range of tax bills, influenced by their property's assessed value and the local tax rate. This variability can significantly impact homeowners' financial planning and overall cost of living.
Average Eddyville Tax Bill
$1,057
Average Lincoln County Tax Bill
$2,817
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Eddyville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97343 | $203 | $405 | $1,057 | $1,881 | $2,338 |
Source: Ownwell