Crabtree, Oregon Property Taxes
The median property tax rate in Crabtree, OR is 0.61%, lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Crabtree at $346,510, the typical annual property tax bill is $2,228, which falls below the national median of $2,690. Property taxes in Crabtree are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Crabtree'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 Crabtree or another part of Linn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crabtree, 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 Crabtree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crabtree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crabtree 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 Crabtree, Oregon
Property taxes in Crabtree, Oregon, play an essential role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Crabtree is 0.61%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Crabtree set these rates annually, and they can vary across different neighborhoods. Each year, Crabtree 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 Crabtree's effective property tax rate to other areas in Linn County and the national median. For comparison, the zip code 97335 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these areas compare with Crabtree provides valuable insights into the varying tax landscape across Linn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crabtree Tax Rate
0.61%
Average Linn County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crabtree, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97335 | 0.42% | 0.52% | 0.61% | 0.69% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Crabtree, Oregon
In Crabtree, 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 Linn 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 Crabtree, 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 Crabtree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Crabtree is $346,510, with the highest and lowest median tax bills both recorded at $2,228 in the 97335 zip code.
Average Crabtree Assessed Value
$346,510
Average Linn County Assessed Value
$372,065
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crabtree, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97335 | $109,933 | $209,532 | $346,510 | $468,588 | $575,322 |
Source: Ownwell
Property Tax Bills Across Crabtree, Oregon
In Crabtree, property tax bills are calculated based on the assessed value of a property, which is determined by the Linn County assessor's office. This assessed value is often a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Factors considered in this process include property size, location, and any improvements made to the property. For homeowners in Crabtree, the median home price stands at $346,510. Property tax bills can vary significantly, with the 25th percentile at $1,274 and the 75th percentile at $3,014, reflecting differences in property values and applicable exemptions. At the 90th percentile, tax bills can reach up to $3,852. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and home values impact what homeowners ultimately pay. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Crabtree Tax Bill
$2,228
Average Linn County Tax Bill
$3,138
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Crabtree, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97335 | $766 | $1,274 | $2,228 | $3,014 | $3,852 |
Source: Ownwell