Moro, Sherman County, Oregon Property Taxes
The median property tax rate in Moro, OR is 0.76%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $192,300, the typical annual property tax bill in Moro amounts to $1,415, which is significantly less than the national median of $2,690. Property taxes in Moro are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Moro's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Moro or another part of Sherman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moro, Sherman County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,461
$1,356
Ownwell’s Moro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moro 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 Moro, Sherman County, Oregon
Property taxes in Moro, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moro is 0.76%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Moro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moro 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 Moro's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97039 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Moro 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 Moro Tax Rate
0.76%
Average Sherman County Tax Rate
0.76%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moro, Sherman County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97039 | 0.51% | 0.63% | 0.76% | 0.88% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Moro, Sherman County, Oregon
In Moro, 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 Appraisal District 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 Moro, 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. For instance, in Moro, the median home price is $192,300, and the median tax bill ranges from $646 at the 25th percentile to $2,289 at the 75th percentile. The highest and lowest median tax bills, both $1,415, occur in the 97039 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Moro, Sherman County, Oregon
Source: Ownwell
$125,200
$165,460
$205,720
Average Moro Assessed Value
$192,300
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 Moro, Sherman County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97039 | $29,055 | $75,145 | $192,300 | $297,935 | $448,718 |
Source: Ownwell
Property Tax Bills Across Moro, Sherman County, Oregon
In Moro, 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 may differ from the market value, often being lower. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the median home price in Moro is $192,300, and tax bills can vary significantly. Homeowners in the 25th percentile pay around $646 annually, while those in the 75th percentile pay about $2,289. The tax bill can reach up to $3,691 for those in the 90th percentile. These property taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the quality of life. Compared to the national median property tax rate of 0.99%, the rates in Moro can be considered relatively moderate, making it an attractive location for homeowners seeking manageable tax obligations.
Average Moro Tax Bill
$1,415
Average Sherman County Tax Bill
$1,207
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Moro, Sherman County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97039 | $238 | $646 | $1,415 | $2,289 | $3,691 |
Source: Ownwell