Milton Freewater, Oregon Property Taxes
The median property tax rate in Milton Freewater, OR is 0.95%, slightly below the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Milton Freewater at $215,075, the typical annual property tax bill is $1,958, which is lower than the national median of $2,690. Property taxes in Milton Freewater are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Milton Freewater'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 Milton Freewater 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
Milton Freewater, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,043
Ownwell’s Milton Freewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milton Freewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milton Freewater 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 Milton Freewater, Oregon
Property taxes in Milton-Freewater, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milton-Freewater is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Milton-Freewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milton-Freewater 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 Milton-Freewater's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97862 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Milton-Freewater 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 Milton Freewater Tax Rate
0.95%
Average Umatilla County Tax Rate
1.10%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milton Freewater, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97862 | 0.42% | 0.64% | 0.95% | 1.16% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Milton Freewater, Oregon
In Milton Freewater, 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's Office 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 Milton Freewater, 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 Milton Freewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $215,075, with the highest and lowest median tax bills both being $1,958 in zip code 97862.
Property Tax Assessment Values Across Milton Freewater, Oregon
Source: Ownwell
$136,960
$202,545
$268,130
Average Milton Freewater Assessed Value
$215,075
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 Milton Freewater, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97862 | $104,416 | $155,650 | $215,075 | $321,912 | $461,804 |
Source: Ownwell
Property Tax Bills Across Milton Freewater, Oregon
In Milton Freewater, Umatilla County, OR, property tax bills are determined by assessing the value of a property and applying the local tax rate to that assessed value. The median home price in the area is $215,075, which serves as a baseline for calculating property taxes. Tax bills can vary significantly, with the 25th percentile at $1,353 and the 75th percentile reaching $2,633, indicating a range in property values and corresponding tax liabilities. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Milton Freewater can expect their tax bills to reflect these variables, with the highest median tax bill in the 97862 zip code being $1,958. This figure is below the national median property tax rate of 0.99%, making it relatively affordable for homeowners. Understanding these factors can help homeowners better anticipate their annual tax obligations and manage their finances accordingly.
Average Milton Freewater Tax Bill
$1,958
Average Umatilla County Tax Bill
$2,157
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Milton Freewater, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97862 | $855 | $1,353 | $1,958 | $2,633 | $3,473 |
Source: Ownwell