Ontario, Oregon Property Taxes
The median property tax rate in Ontario, OR is 0.89%, slightly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Ontario at $239,755, the typical annual property tax bill is around $1,955, which is below the national median of $2,690. Property taxes in Ontario 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 Ontario'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 Ontario or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ontario, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$2,134
$1,980
Ownwell’s Ontario Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ontario with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ontario 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 Ontario, Oregon
Property taxes in Ontario, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ontario is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Ontario set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ontario 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 Ontario's effective property tax rate to other areas and the national median. For comparison, the 97914 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these values compare with Ontario provides valuable insights into the varying tax landscape across Malheur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ontario Tax Rate
0.89%
Average Malheur County Tax Rate
0.85%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ontario, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97914 | 0.49% | 0.77% | 0.89% | 0.92% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Ontario, Oregon
In Ontario, 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 Malheur 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 Ontario, 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 Ontario helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ontario both stand at $1,955, and are associated with the zip code 97914.
Average Ontario Assessed Value
$239,755
Average Malheur County Assessed Value
$234,525
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ontario, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97914 | $103,817 | $164,150 | $239,755 | $349,615 | $540,106 |
Source: Ownwell
Property Tax Bills Across Ontario, Oregon
In Ontario, located in Malheur County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is often a percentage of the market value of the property. For homeowners in Ontario, the median home price stands at $239,755. Property tax rates in this area can vary, but the national median property tax rate is 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Ontario is $1,329, while the 75th percentile reaches $2,717, and the 90th percentile goes up to $3,744. The highest and lowest median tax bills both stand at $1,955 in the 97914 zip code. These tax bills can significantly impact homeowners by affecting their annual expenses. Higher property taxes can increase the cost of homeownership, while lower taxes can make it more affordable.
Average Ontario Tax Bill
$1,955
Average Malheur County Tax Bill
$1,742
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Ontario, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97914 | $798 | $1,329 | $1,955 | $2,717 | $3,744 |
Source: Ownwell