Irrigon, Oregon Property Taxes
The median property tax rate in Irrigon, OR is 0.65%, notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Irrigon at $229,400, the typical annual property tax bill amounts to $1,659, which is below the national median of $2,690. Property taxes in Irrigon are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Irrigon'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 Irrigon 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
Irrigon, 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 Irrigon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irrigon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irrigon 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 Irrigon, Oregon
Property taxes in Irrigon, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irrigon is 0.65%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Irrigon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irrigon 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 Irrigon's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97844 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Irrigon 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 Irrigon Tax Rate
0.65%
Average Morrow County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irrigon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97844 | 0.44% | 0.53% | 0.65% | 0.89% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Irrigon, Oregon
In Irrigon, 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 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 Irrigon, 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 Irrigon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97844 in Irrigon has both the highest and lowest median tax bill, which is $1,659.
Average Irrigon Assessed Value
$229,400
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 Irrigon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97844 | $83,256 | $146,015 | $229,400 | $323,790 | $455,398 |
Source: Ownwell
Property Tax Bills Across Irrigon, Oregon
In Irrigon, located in Morrow 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 this area is $229,400, and homeowners can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is around $924, while the 75th percentile reaches up to $2,285. At the higher end, the 90th percentile tax bill can be as much as $3,005. To determine the tax bill, local authorities assess the value of the property and apply the relevant tax rate. Various factors can influence the assessed value, including property size, location, and any improvements made to the home. The median property tax rate in the U.S. is 0.99%, providing a useful benchmark for comparison. For homeowners in Irrigon, understanding these factors and how they affect their tax bills is crucial in managing their financial planning and budgeting effectively.
Average Irrigon Tax Bill
$1,659
Average Morrow County Tax Bill
$1,844
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Irrigon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97844 | $436 | $924 | $1,659 | $2,285 | $3,005 |
Source: Ownwell