Rufus, Oregon Property Taxes
The median property tax rate in Rufus, OR is 0.81%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Rufus at $125,200, the typical annual property tax bill reaches $1,045, falling below the national median of $2,690. Property taxes in Rufus are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rufus'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 Rufus 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
Rufus, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,014
Ownwell’s Rufus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rufus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rufus 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 Rufus, Oregon
Property taxes in Rufus, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rufus is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Rufus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rufus 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 Rufus's effective property tax rate to other areas in Sherman County and the national median. For comparison, the 97050 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Rufus 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 Rufus Tax Rate
0.81%
Average Sherman County Tax Rate
0.76%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rufus, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97050 | 0.58% | 0.70% | 0.81% | 0.95% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Rufus, Oregon
In Rufus, 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 Rufus, 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 Rufus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Rufus, the highest and lowest median tax bills are both $1,045, found in the 97050 zip code. The median home price is $125,200, providing a solid benchmark for property values in the area.
Average Rufus Assessed Value
$125,200
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 Rufus, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97050 | $47,605 | $63,420 | $125,200 | $229,110 | $309,341 |
Source: Ownwell
Property Tax Bills Across Rufus, Oregon
In Rufus, located in Sherman County, OR, property tax bills are calculated based on the assessed value of a home, which may differ from its market value. The median home price in Rufus is $125,200. To determine the tax bill, local authorities multiply the assessed value by the property tax rate. For Rufus, the median tax bill is $1,045 annually, which is slightly above the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property location, local tax rates, and any applicable exemptions. Homeowners in Rufus can expect tax bills ranging from the 25th percentile at $453 to the 75th percentile at $2,064. The 90th percentile tax bill can reach up to $3,087. These variations highlight the impact of property value and local tax policies on individual tax obligations. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Rufus Tax Bill
$1,045
Average Sherman County Tax Bill
$1,207
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Rufus, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97050 | $339 | $453 | $1,045 | $2,064 | $3,087 |
Source: Ownwell