Gervais, Oregon Property Taxes
The median property tax rate in Gervais, OR is 0.84%, slightly lower than the Oregon state median of 0.86% but still below the national median of 0.99%. With a median home value of $353,000 in Gervais, the typical annual property tax bill amounts to $2,756, which is just under the national median of $2,690. Property taxes in Gervais are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Gervais'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 Gervais or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gervais, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$2,965
Ownwell's Gervais Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gervais with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gervais 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 Gervais, Oregon
Property taxes in Gervais, Oregon, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Gervais is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Gervais set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gervais 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 Gervais's effective property tax rate to other areas in Marion County and the national median. For comparison, the zip code 97026 in Gervais has both the highest and lowest median property tax rate of 0.84%. Understanding how these rates compare with Gervais 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 Gervais Tax Rate
0.84%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gervais, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97026 | 0.37% | 0.58% | 0.84% | 0.96% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Gervais, Oregon
In Gervais, 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 Gervais, 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. For instance, Gervais has a median home price of $353,000, with tax bills ranging from $1,924 at the 25th percentile to $3,396 at the 75th percentile, and $3,955 at the 90th percentile. The highest and lowest median tax bills in the area, both at $2,756, are found in zip code 97026. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gervais Assessed Value
$353,000
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 Gervais, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97026 | $142,660 | $294,070 | $353,000 | $426,840 | $536,346 |
Source: Ownwell
Property Tax Bills Across Gervais, Oregon
In Gervais, Marion County, OR, property tax bills are calculated based on the assessed value of a home rather than its market value. The median home price in Gervais is $353,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, voter-approved levies, and bond measures also influence the final amount. Homeowners in Gervais can expect their tax bills to vary, with the 25th percentile at $1,924 and the 75th percentile at $3,396. For those at the 90th percentile, tax bills can reach up to $3,955. This variability can significantly impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Gervais presents a unique landscape for property taxes, reflecting local economic conditions and public service funding needs. The highest and lowest median tax bills in the area are both $2,756, indicating some level of consistency within the zip code 97026.
Average Gervais Tax Bill
$2,756
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gervais, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97026 | $885 | $1,924 | $2,756 | $3,396 | $3,955 |
Source: Ownwell