Grass Valley, Oregon Property Taxes
The median property tax rate in Grass Valley, OR is 0.78%, which is lower than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Grass Valley at $192,775, the typical annual property tax bill amounts to $1,492, which is below the national median of $2,690. Property taxes in Grass Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grass Valley'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 Grass Valley 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
Grass Valley, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,504
Ownwell’s Grass Valley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Grass Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grass Valley to estimate your property tax bill, providing a clear picture of potential tax liabilities. This useful tool offers valuable insights into what you might owe, helping you plan your finances better. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Grass Valley, Oregon
Property taxes in Grass Valley, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grass Valley is 0.78%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Grass Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grass Valley 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 Grass Valley's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97029 has both the highest and lowest median property tax rate of 0.78%, making it consistent across the board. Understanding how these cities compare with Grass Valley provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grass Valley Tax Rate
0.78%
Average Sherman County Tax Rate
0.76%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grass Valley, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97029 | 0.55% | 0.67% | 0.78% | 0.91% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Grass Valley, Oregon
In Grass Valley, 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 Sherman 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 Grass Valley, 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 Grass Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sherman County are both $1,492, occurring in the 97029 zip code.
Average Grass Valley Assessed Value
$192,775
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 Grass Valley, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97029 | $45,749 | $85,812 | $192,775 | $336,158 | $523,181 |
Source: Ownwell
Property Tax Bills Across Grass Valley, Oregon
In Grass Valley, Sherman County, OR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the county assessor and typically reflects a percentage of the market value. For homeowners in Grass Valley, the tax bill can vary significantly, with the 25th percentile tax bill at $624 and the 75th percentile reaching up to $2,698. The highest tax bills can go up to $3,859, placing a substantial burden on some property owners. Factors that influence the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the rates in Grass Valley can result in varying annual costs for homeowners. Understanding these factors is crucial for homeowners to anticipate their financial obligations and manage their budgets effectively. By staying informed, homeowners can better navigate the complexities of property tax assessments and their impact on household finances.
Average Grass Valley Tax Bill
$1,492
Average Sherman County Tax Bill
$1,207
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Grass Valley, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97029 | $344 | $624 | $1,492 | $2,698 | $3,859 |
Source: Ownwell