Elgin, Oregon Property Taxes
The median property tax rate in Elgin, OR is 1.04%, slightly higher than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Elgin, the typical annual property tax bill reaches $1,576, which is below the national median of $2,690. Property taxes in Elgin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Elgin'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 Elgin 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
Elgin, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,569
$1,456
Ownwell’s Elgin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elgin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elgin 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 Elgin, Oregon
Property taxes in Elgin, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elgin is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Elgin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elgin 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 Elgin's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97827 has both the highest and lowest median property tax rate of 1.04%. Understanding how these cities compare with Elgin provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elgin Tax Rate
1.04%
Average Union County Tax Rate
0.94%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elgin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97827 | 0.65% | 0.88% | 1.04% | 1.15% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Elgin, Oregon
In Elgin, 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 Union 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 Elgin, 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. The median home price in Elgin is $150,845, with tax bills ranging from $932 at the 25th percentile to $2,754 at the 90th percentile. The zip code 97827 has the highest and lowest median tax bills, both at $1,576. 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.
Average Elgin Assessed Value
$150,845
Average Union County Assessed Value
$216,270
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elgin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97827 | $64,985 | $98,688 | $150,845 | $202,835 | $298,585 |
Source: Ownwell
Property Tax Bills Across Elgin, Oregon
In Elgin, Union County, OR, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is often a percentage of the property's market value. This value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $150,845, homeowners in Elgin can expect varying tax bills. The tax bill at the 25th percentile is around $932, while at the 75th percentile, it reaches approximately $2,039. At the 90th percentile, homeowners might see tax bills as high as $2,754. These property taxes fund local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Elgin's property tax rates may seem relatively moderate, but they still represent a significant annual expense for homeowners. Understanding these factors helps homeowners budget accordingly and recognize the value of the services their taxes support.
Average Elgin Tax Bill
$1,576
Average Union County Tax Bill
$1,979
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Elgin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97827 | $652 | $932 | $1,576 | $2,039 | $2,754 |
Source: Ownwell