Sherman County, Oregon Property Taxes
The median property tax rate in Sherman County is 0.76%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Sherman County, the typical annual property tax bill is $1,207, significantly below the national median of $2,690. Property taxes in Sherman County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sherman County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Moro or another part of Sherman County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sherman County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,281
$1,189
Ownwell’s Sherman County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sherman County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sherman County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sherman County, Oregon
Property taxes in Sherman County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sherman County is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Sherman County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sherman County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sherman County's effective property tax rate with other areas and the national median. For comparison, the city of Rufus has one of the higher property tax rates in the region at 0.81%, while the city of Wasco boasts one of the lowest at 0.71%. Analyzing how Sherman County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sherman County Tax Rate
0.76%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Sherman County, Oregon
In Sherman County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sherman County Appraisal District. The assessed value, however, 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. Assessment notices in Sherman County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, the highest median tax bill in the county is in Kent at $1,835, while Rufus has the lowest median at $1,045. Being aware of these valuation processes in Sherman County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Sherman County Assessed Value
$168,555
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sherman County, Oregon
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Grass Valley | $45,749 | $85,812 | $192,775 | $336,158 | $523,181 |
| Kent | $8,634 | $59,615 | $205,720 | $414,362 | $718,027 |
| Moro | $29,055 | $75,145 | $192,300 | $297,935 | $448,718 |
| Rufus | $47,605 | $63,420 | $125,200 | $229,110 | $309,341 |
| Wasco | $38,810 | $63,930 | $153,460 | $279,140 | $403,370 |
Source: Ownwell
Property Tax Bills Across Sherman County, Oregon
In Sherman County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, improvements, and market conditions play a significant role in determining the assessed value. For homeowners, the tax bill can vary widely. For instance, the 25th percentile tax bill is $519, while the 75th percentile reaches $2,279, and the 90th percentile is as high as $3,595. These variations reflect differences in property values and local tax rates within Sherman County. Compared to the national median property tax rate of 0.99%, the tax burden in Sherman County can be quite significant, especially in areas with higher property values. Homeowners in cities like Kent face the highest median tax bill at $1,835, whereas those in Rufus see a lower median tax bill of $1,045. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Sherman County Tax Bill
$1,207
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Sherman County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Grass Valley | $344 | $624 | $1,492 | $2,698 | $3,859 |
| Kent | $86 | $316 | $1,835 | $3,742 | $5,363 |
| Moro | $238 | $646 | $1,415 | $2,289 | $3,691 |
| Rufus | $339 | $453 | $1,045 | $2,064 | $3,087 |
| Wasco | $277 | $451 | $1,101 | $1,895 | $2,917 |
Source: Ownwell