Idanha, Oregon Property Taxes
The median property tax rate in Idanha, OR is 0.53%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Idanha at $168,200, the typical annual property tax bill amounts to $933, well below the national median of $2,690. Property taxes in Idanha are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Idanha's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Idanha or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Idanha, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Idanha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Idanha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Idanha 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 Idanha, Oregon
Property taxes in Idanha, Oregon, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Idanha is 0.53%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Idanha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Idanha 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 Idanha's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97350 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these areas compare with Idanha 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 Idanha Tax Rate
0.53%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Idanha, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97350 | 0.34% | 0.42% | 0.53% | 0.66% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Idanha, Oregon
In Idanha, 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 Marion County 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 Idanha, 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 Idanha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Idanha is $168,200, with tax bills ranging from $660 at the 25th percentile to $2,195 at the 90th percentile. The zip code 97350 has both the highest and lowest median tax bill at $933.
Average Idanha Assessed Value
$168,200
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 Idanha, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97350 | $44,849 | $116,532 | $168,200 | $306,235 | $545,080 |
Source: Ownwell
Property Tax Bills Across Idanha, Oregon
In Idanha, located in Marion County, OR, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor's office and is typically a percentage of the property's market value. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Factors influencing the tax bill include property characteristics, improvements, and market trends. For example, the median home price in Idanha is $168,200. Homeowners in the 25th percentile can expect a tax bill around $660, while those in the 75th percentile might see bills nearing $1,565. At the 90th percentile, bills can reach up to $2,195. These taxes fund essential local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the property tax in Idanha can vary significantly, impacting homeowners' annual expenses and overall cost of living.
Average Idanha Tax Bill
$933
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Idanha, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97350 | $341 | $660 | $933 | $1,565 | $2,195 |
Source: Ownwell