Echo, Oregon Property Taxes
The median property tax rate in Echo, OR is 0.48%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Echo, the typical annual property tax bill reaches $3,097, exceeding the national median of $2,690. Property taxes in Echo 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 Echo'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 Echo 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
Echo, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$3,811
Ownwell's ECHO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ECHO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ECHO 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 Echo, Oregon
Property taxes in Echo, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Echo is 0.48%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Echo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Echo 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 Echo's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97826 zip code has the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Echo provides valuable insights into the varying tax landscape across Morrow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Echo Tax Rate
0.48%
Average Morrow County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Echo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97826 | 0.28% | 0.34% | 0.48% | 0.63% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Echo, Oregon
In ECHO, 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 Morrow County Appraisal District 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 ECHO, 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 ECHO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97826 has the highest and lowest median tax bill at $3,097.
Average Echo Assessed Value
$793,940
Average Morrow County Assessed Value
$224,380
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Echo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97826 | $206,590 | $430,545 | $793,940 | $1,102,515 | $1,441,784 |
Source: Ownwell
Property Tax Bills Across Echo, Oregon
In ECHO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. For homeowners in ECHO, the median home price stands at $793,940. Using local tax rates, the tax bill for properties can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,960 annually, while those in the 75th percentile might see bills closer to $4,231. For those in the 90th percentile, tax bills can reach up to $7,726. These figures highlight the variability in property tax obligations based on home values. Compared to the national median property tax rate of 0.99%, homeowners in ECHO may find their tax bills higher or lower depending on their property's assessed value and specific local rates. This variability can significantly impact household budgets, making it crucial for homeowners to understand how their property taxes are calculated.
Average Echo Tax Bill
$3,097
Average Morrow County Tax Bill
$1,844
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Echo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97826 | $1,241 | $1,960 | $3,097 | $4,231 | $7,726 |
Source: Ownwell