Donald, Oregon Property Taxes
The median property tax rate in Donald, OR is 0.56%, notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Donald at $332,645, the typical annual property tax bill amounts to $1,876, significantly below the national median of $2,690. Property taxes in Donald 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 Donald'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 Donald 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
Donald, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,863
$1,729
Ownwell’s Donald Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Donald with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Donald 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 Donald, Oregon
Property taxes in Donald, Oregon, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Donald is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Donald set these rates annually, and they can vary across different neighborhoods. Each year, Donald 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 Donald's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97020 has both the highest and lowest median property tax rate of 0.56%, aligning with Donald's rate. Understanding how these cities compare with Donald provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Donald Tax Rate
0.56%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Donald, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97020 | 0.38% | 0.47% | 0.56% | 0.67% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Donald, Oregon
In Donald, Oregon, understanding the difference between "market value" and "assessed value" is essential 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 Marion 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 Donald, 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 Donald helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $1,876, both found in the 97020 zip code.
Average Donald Assessed Value
$332,645
Average Marion County Assessed Value
$390,390
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Donald, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97020 | $83,109 | $137,732 | $332,645 | $460,622 | $509,011 |
Source: Ownwell
Property Tax Bills Across Donald, Oregon
In Donald, located in Marion County, OR, property tax bills are calculated based on the assessed value of a home, which is distinct from its market value. The assessed value is determined by local tax authorities and reflects a percentage of the market value. Homeowners in Donald can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $786, while at the 75th percentile, it reaches approximately $2,552. At the 90th percentile, it can go up to $2,827. Various factors influence the tax bill, including property size, location, and any applicable exemptions. These tax bills directly impact homeowners by affecting their annual financial obligations. Compared to the national median property tax rate of 0.99%, Donald's tax rates can vary, making it essential for homeowners to understand their specific assessed values and potential exemptions to manage their financial planning effectively.
Average Donald Tax Bill
$1,876
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Donald, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97020 | $592 | $786 | $1,876 | $2,552 | $2,827 |
Source: Ownwell