Walla Walla, Oregon Property Taxes
The median property tax rate in Walla Walla, OR is 0.69%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $268,130 in Walla Walla, the typical annual property tax bill amounts to $1,809, which is below the national median of $2,690. Property taxes in Walla Walla are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Walla Walla'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 Walla Walla 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
Walla Walla, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Walla Walla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walla Walla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walla Walla 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 Walla Walla, Oregon
Property taxes in Walla Walla, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walla Walla is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Walla Walla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walla Walla 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. Understanding how Walla Walla's effective property tax rate compares to other areas 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 Walla Walla Tax Rate
0.69%
Average Umatilla County Tax Rate
1.10%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walla Walla, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99362 | 0.45% | 0.55% | 0.69% | 0.71% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Walla Walla, Oregon
In Walla Walla, 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 Walla Walla, 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 Walla Walla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 99362, with a median bill of $1809, which is also the lowest median tax bill in the area.
Average Walla Walla Assessed Value
$268,130
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 Walla Walla, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99362 | $170,446 | $215,610 | $268,130 | $364,310 | $436,776 |
Source: Ownwell
Property Tax Bills Across Walla Walla, Oregon
In Walla Walla, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as the home's age, size, location, and market conditions are considered when determining its assessed value. For homeowners in Walla Walla, the median home price is $268,130. The tax bill varies significantly, with the 25th percentile at $1,513 and the 75th percentile at $2,127. At the higher end, the 90th percentile tax bill can reach up to $4,019. The median property tax rate in this region is aligned with the national median rate of 0.99%. Understanding these factors and the variability in tax bills helps homeowners budget more effectively and anticipate their annual property tax obligations. This knowledge can also influence decisions regarding property purchases and long-term financial planning.
Average Walla Walla Tax Bill
$1,809
Average Umatilla County Tax Bill
$2,157
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Walla Walla, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99362 | $1,324 | $1,513 | $1,809 | $2,127 | $4,019 |
Source: Ownwell