Logsden, Oregon Property Taxes
The median property tax rate in Logsden, OR is 0.70%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Logsden at $241,760, the typical annual property tax bill amounts to $1,570, falling below the national median of $2,690. Property taxes in Logsden are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Logsden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Logsden or another part of Lincoln County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Logsden, 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 Logsdon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Logsdon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Logsdon 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 Logsden, Oregon
Property taxes in Logsdon, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Logsdon is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Logsdon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Logsdon 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 Logsdon's effective property tax rate to other areas in Lincoln County and the national median. For comparison, the zip code 97357 has both the highest and lowest median property tax rate of 0.70% within Lincoln County. Understanding how these areas compare with Logsdon 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 Logsden Tax Rate
0.70%
Average Lincoln County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Logsden, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97357 | 0.55% | 0.62% | 0.70% | 0.79% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Logsden, Oregon
In Logsdon, 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 Logsdon, 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 Logsdon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,570, found in the 97357 zip code.
Average Logsden Assessed Value
$241,760
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 Logsden, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97357 | $32,660 | $108,120 | $241,760 | $369,300 | $465,516 |
Source: Ownwell
Property Tax Bills Across Logsden, Oregon
In Logsdon, Oregon, property tax bills are calculated based on the assessed value of a home, which often differs from its market value. The median home price in Logsdon is $241,760. Property taxes are then determined by applying the local tax rate to this assessed value. In Lincoln County, homeowners can expect to see a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $697, while the 75th percentile tax bill is $2,603, and the 90th percentile tax bill reaches up to $3,434. These tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. With the national median property tax rate at 0.99%, homeowners in Logsdon might experience variations in their tax obligations compared to other regions. Understanding how these factors interplay helps homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Logsden Tax Bill
$1,570
Average Lincoln County Tax Bill
$2,817
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Logsden, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97357 | $275 | $697 | $1,570 | $2,603 | $3,434 |
Source: Ownwell