Grand Ronde, Oregon Property Taxes
The median property tax rate in Grand Ronde, 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 Grand Ronde being $127,365, the typical annual property tax bill amounts to $879, which is well below the national median of $2,690. Property taxes in Grand Ronde are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Grand Ronde's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grand Ronde 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
Grand Ronde, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$675
Ownwell’s Grand Ronde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Ronde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Ronde 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 Grand Ronde, Oregon
Property taxes in Grand Ronde, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Ronde is 0.53%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Grand Ronde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Ronde 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 Grand Ronde's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97347 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 cities compare with Grand Ronde 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 Grand Ronde Tax Rate
0.53%
Average Polk County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Ronde, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97347 | 0.28% | 0.37% | 0.53% | 0.63% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Grand Ronde, Oregon
In Grand Ronde, 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 Grand Ronde, 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 Grand Ronde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Grand Ronde are both $879.00, with the zip code 97347.
Average Grand Ronde Assessed Value
$127,365
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 Grand Ronde, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97347 | $36,600 | $65,405 | $127,365 | $282,410 | $368,932 |
Source: Ownwell
Property Tax Bills Across Grand Ronde, Oregon
In Grand Ronde, property tax bills are calculated based on the assessed value of a home, which is determined by the Polk County assessor's office. This assessed value is typically lower than the market value, reflecting a formula that considers factors like property size, location, and improvements. Homeowners in Grand Ronde can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $384, while the 75th percentile reaches $1,502, and the 90th percentile hits $2,041. The median home price in Grand Ronde is $127,365, which influences the overall tax burden. When compared to the national median property tax rate of 0.99%, Grand Ronde's tax rates reflect local economic conditions and funding requirements. The highest and lowest median tax bills in the area both stand at $879, indicating a relatively uniform tax rate across different properties. Understanding these factors helps homeowners anticipate their annual property tax expenses and budget accordingly.
Average Grand Ronde Tax Bill
$879
Average Polk County Tax Bill
$3,175
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Ronde, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97347 | $172 | $384 | $879 | $1,502 | $2,041 |
Source: Ownwell