Echo, Oregon Property Taxes
The median property tax rate in Echo, OR is 0.99%, aligning with the national median of 0.99% but higher than the Oregon state median of 0.86%. With a median home value of $169,195 in Echo, the typical annual property tax bill is $1,771, which is below the national median of $2,690. Property taxes in Echo are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Echo'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 Echo or another part of Umatilla County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Echo, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,675
Ownwell’s ECHO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ECHO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ECHO 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 Echo, Oregon
Property taxes in Echo, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Echo is 0.99%, aligning with both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Echo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Echo 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 Echo's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97826 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Echo provides valuable insights into the varying tax landscape across Umatilla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Echo Tax Rate
0.99%
Average Umatilla County Tax Rate
1.10%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Echo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97826 | 0.39% | 0.66% | 0.99% | 1.35% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Echo, Oregon
In Echo, 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 Umatilla 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 Echo, 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, the median home price in Echo is $169,195, with tax bills ranging significantly. The 25th percentile tax bill stands at $1,066, while the 75th percentile reaches $3,259, and the 90th percentile hits $4,711. By understanding 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 Echo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Echo Assessed Value
$169,195
Average Umatilla County Assessed Value
$206,880
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Echo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97826 | $54,132 | $92,465 | $169,195 | $432,868 | $686,299 |
Source: Ownwell
Property Tax Bills Across Echo, Oregon
In Echo, located in Umatilla County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Echo is $169,195. Tax rates are applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including property size, location, and any improvements made to the home. Homeowners in Echo can expect a wide range of property tax bills. For instance, tax bills at the 25th percentile are around $1,066, while those at the 75th percentile reach up to $3,259. The highest tax bills, at the 90th percentile, can be as much as $4,711. Comparing these figures to the national median property tax rate of 0.99%, Echo homeowners experience a diverse range of tax liabilities. These tax bills significantly impact homeowners, influencing their annual budgets and long-term financial planning.
Average Echo Tax Bill
$1,771
Average Umatilla County Tax Bill
$2,157
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Echo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97826 | $504 | $1,066 | $1,771 | $3,259 | $4,711 |
Source: Ownwell