Vale, Oregon Property Taxes
The median property tax rate in Vale, OR is 0.69%, 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 Vale at $251,250, the typical annual property tax bill comes to $1,645, significantly below the national median of $2,690. Property taxes in Vale are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Vale'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 Vale 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
Vale, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,734
$1,609
Ownwell’s Vale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vale 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 Vale, Oregon
Property taxes in Vale, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vale is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Vale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vale 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 Vale's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97918 has the highest median property tax rate of 0.69%, while the same zip code also holds the lowest median tax rate of 0.69%. Understanding how these figures compare with Vale 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 Vale Tax Rate
0.69%
Average Malheur County Tax Rate
0.85%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97918 | 0.28% | 0.41% | 0.69% | 0.98% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Vale, Oregon
In Vale, 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 Vale, 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 Vale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97918 has the highest and lowest median tax bill, both at $1,645, compared to the national median property tax rate of 0.99%.
Average Vale Assessed Value
$251,250
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 Vale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97918 | $77,750 | $145,515 | $251,250 | $433,900 | $702,436 |
Source: Ownwell
Property Tax Bills Across Vale, Oregon
In Vale, property tax bills are calculated based on the assessed value of a home, which is determined by the Malheur County Assessor’s Office. The assessed value typically reflects a percentage of the property's market value. Factors such as property size, location, and improvements are considered in this assessment. The local tax rate is then applied to the assessed value to determine the tax bill. Homeowners in Vale can expect their property tax bills to vary. For instance, the 25th percentile tax bill is around $998, while the 75th percentile tax bill is approximately $2,395. At the 90th percentile, the tax bill can reach up to $3,260. The median home price in Vale is $251,250, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, Vale's tax rates and bills may be higher or lower, affecting homeowners' financial planning and property investment decisions.
Average Vale Tax Bill
$1,645
Average Malheur County Tax Bill
$1,742
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Vale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97918 | $598 | $998 | $1,645 | $2,395 | $3,260 |
Source: Ownwell