Mehama, Oregon Property Taxes
The median property tax rate in Mehama, 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 Mehama at $298,180, the typical annual property tax bill amounts to $1,928, which is below the national median of $2,690. Property taxes in Mehama are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Mehama'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 Mehama 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
Mehama, 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 Mehama Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mehama with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mehama 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 Mehama, Oregon
Property taxes in Mehama, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mehama is 0.53%, which is lower than both the Oregon state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Mehama set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mehama 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 Mehama's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97384 zip code has the highest median property tax rate of 0.53%, while the same 97384 zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Mehama 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 Mehama 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 Mehama, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97384 | 0.45% | 0.47% | 0.53% | 0.59% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Mehama, Oregon
In Mehama, 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 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 Mehama, 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 Mehama helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mehama are both $1928, found in the 97384 zip code.
Average Mehama Assessed Value
$298,180
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 Mehama, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97384 | $162,536 | $287,570 | $298,180 | $328,730 | $404,288 |
Source: Ownwell
Property Tax Bills Across Mehama, Oregon
In Mehama, located in Marion County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. Unlike the market value, the assessed value is often lower and is used specifically for taxation purposes. Several factors influence this assessed value, including the property's age, location, and any improvements made. The median home price in Mehama is $298,180, which serves as a baseline for these assessments. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Mehama's property tax rates can lead to varying tax bills. For instance, the 25th percentile tax bill is around $1,388, while the 75th percentile reaches $2,127, and the 90th percentile can go up to $2,309. These figures highlight the range of potential tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Mehama’s rates can significantly impact homeowners, affecting their annual financial planning and overall housing costs.
Average Mehama Tax Bill
$1,928
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mehama, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97384 | $763 | $1,388 | $1,928 | $2,127 | $2,309 |
Source: Ownwell