Halsey, Oregon Property Taxes
The median property tax rate in Halsey, OR is 0.61%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Halsey at $362,640, the typical annual property tax bill reaches $2,400, which is below the national median of $2,690. Property taxes in Halsey are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Halsey'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 Halsey 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
Halsey, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$2,212
Ownwell’s Halsey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Halsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Halsey 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 Halsey, Oregon
Property taxes in Halsey, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Halsey is 0.61%, which is significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Halsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Halsey 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 Halsey's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97348 zip code 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 cities compare with Halsey 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 Halsey 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 Halsey, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97348 | 0.22% | 0.36% | 0.61% | 0.79% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Halsey, Oregon
In Halsey, 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 Halsey, 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 Halsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97348 has both the highest and lowest median tax bill at $2,400, reflecting the median home price of $362,640.
Average Halsey Assessed Value
$362,640
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 Halsey, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97348 | $150,616 | $276,910 | $362,640 | $587,425 | $1,390,754 |
Source: Ownwell
Property Tax Bills Across Halsey, Oregon
In Halsey, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Factors such as property improvements, neighborhood trends, and overall market conditions influence this assessment. Homeowners in Halsey, located in Linn County, experience property tax bills that can vary significantly. For example, the tax bill for the 25th percentile is $1,776, while the 75th percentile sees bills around $3,276. At the 90th percentile, the tax bill can reach up to $4,287. These variations mean that while some homeowners might find their tax burden manageable, others could face substantial financial obligations. The median home price in Halsey is $362,640, and with the national median property tax rate at 0.99%, Halsey's rates can be higher or lower depending on specific local factors. Understanding these elements can help homeowners better anticipate their annual property tax bills.
Average Halsey Tax Bill
$2,400
Average Linn County Tax Bill
$3,138
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Halsey, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97348 | $905 | $1,776 | $2,400 | $3,276 | $4,287 |
Source: Ownwell