Meacham, Oregon Property Taxes
The median property tax rate in Meacham, OR is 0.45%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Meacham at $24,870, the typical annual property tax bill amounts to $214, well below the national median of $2,690. Property taxes in Meacham 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 Meacham'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 Meacham 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
Meacham, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$112
Ownwell’s Meacham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meacham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meacham 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 Meacham, Oregon
Property taxes in Meacham, Oregon, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Meacham is 0.45%, significantly lower than the U.S. national median of 0.99%. Local government entities within Meacham set these rates annually, and they can vary across different neighborhoods. Each year, Meacham 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 Meacham's effective property tax rate to other regions in Oregon and the national median. For comparison, the zip code 97859 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these figures compare with Meacham 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 Meacham Tax Rate
0.45%
Average Union County Tax Rate
0.94%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meacham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97859 | 0.27% | 0.34% | 0.45% | 0.66% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Meacham, Oregon
In Meacham, 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 Appraisal District 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 Meacham, 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 Meacham is $24,870, and the median tax bill can range from $128 at the 25th percentile to $411 at the 90th percentile. 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 Meacham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Meacham Assessed Value
$24,870
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 Meacham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97859 | $12,526 | $17,155 | $24,870 | $112,975 | $165,838 |
Source: Ownwell
Property Tax Bills Across Meacham, Oregon
In Meacham, located in Union County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Meacham is $24,870, with property tax bills varying significantly. For example, the tax bill at the 25th percentile is $128, while at the 75th percentile, it rises to $337, and at the 90th percentile, it reaches $411. The highest and lowest median tax bills in the area are both recorded at $214 within the 97859 zip code. These variations in tax bills are influenced by factors such as property size, location, and improvements. Homeowners in Meacham need to budget for these taxes, as they can have a significant impact on annual expenses, particularly when compared to the national median property tax rate of 0.99%.
Average Meacham Tax Bill
$214
Average Union County Tax Bill
$1,979
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Meacham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97859 | $77 | $128 | $214 | $337 | $411 |
Source: Ownwell