Amity, Oregon Property Taxes
The median property tax rate in Amity, OR is 0.61%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Amity at $134,350, the typical annual property tax bill amounts to $950, which is well below the national median of $2,690. Property taxes in Amity are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Amity'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 Amity or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amity, 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 Amity Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amity with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amity 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 Amity, Oregon
Property taxes in Amity, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amity is 0.61%, noticeably lower than the U.S. national median of 0.99%. Local government entities within Amity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amity 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 Amity's effective property tax rate to other areas in Polk County and the national median. For comparison, the zip code 97101 has both the highest and lowest median property tax rate of 0.61%. Understanding how these areas compare with Amity provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amity Tax Rate
0.61%
Average Polk County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amity, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97101 | 0.19% | 0.37% | 0.61% | 0.87% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Amity, Oregon
In Amity, 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 Polk 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 Amity, 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 Amity helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $950.00, found in the 97101 zip code.
Average Amity Assessed Value
$134,350
Average Polk County Assessed Value
$397,555
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amity, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97101 | $48,044 | $72,790 | $134,350 | $333,450 | $614,814 |
Source: Ownwell
Property Tax Bills Across Amity, Oregon
In Amity, located in Polk County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Amity face a median property tax rate that aligns with the national median of 0.99%. For a median home price of $134,350, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $418 annually, while those at the 75th percentile could see bills as high as $1,789. The top 10% of tax bills reach up to $2,349. These variations are influenced by factors such as property location, improvements, and market conditions. Understanding these elements helps homeowners anticipate their financial obligations and plan accordingly. Whether you’re in the highest or lowest median tax bill zip code of 97101, knowing these details is crucial for effective financial planning.
Average Amity Tax Bill
$950
Average Polk County Tax Bill
$3,175
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Amity, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97101 | $202 | $418 | $950 | $1,789 | $2,349 |
Source: Ownwell