North Powder, Union County, Oregon Property Taxes
The median property tax rate in North Powder, OR is 0.81%, which is below both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in North Powder at $128,940, the typical annual property tax bill amounts to $1,048, significantly lower than the national median of $2,690. Property taxes in North Powder 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 North Powder's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of North Powder 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
North Powder, Union County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,044
$969
Ownwell’s North Powder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Powder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Powder 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 North Powder, Union County, Oregon
Property taxes in North Powder, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Powder is 0.81%, lower than both the Oregon state median of 0.90% and the U.S. national median of 0.99%. Local government entities within North Powder set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Powder 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 North Powder's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97867 zip code has the highest median property tax rate of 0.81%, while the 97867 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with North Powder 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 North Powder Tax Rate
0.81%
Average Union County Tax Rate
0.94%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Powder, Union County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97867 | 0.55% | 0.68% | 0.81% | 0.99% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across North Powder, Union County, Oregon
In North Powder, 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 North Powder, 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 North Powder is $128,940. The 25th percentile tax bill is $628, while the 75th percentile tax bill is $1,471, and the 90th percentile tax bill is $1,954. The zip code with both the highest and lowest median tax bill is 97867, with a median tax bill of $1,048. 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.
Property Tax Assessment Values Across North Powder, Union County, Oregon
Source: Ownwell
$128,940
$217,263
$305,585
Average North Powder Assessed Value
$128,940
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 North Powder, Union County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97867 | $45,990 | $92,450 | $128,940 | $175,990 | $243,618 |
Source: Ownwell
Property Tax Bills Across North Powder, Union County, Oregon
In North Powder, property tax bills are calculated based on the assessed value of a home, which is often lower than the market value. The median home price in North Powder is $128,940. Property tax rates are applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $628 annually, while those in the 75th percentile face a tax bill of approximately $1,471. The tax bill can go up to $1,954 for those in the 90th percentile. Several factors influence the tax bill, including property improvements, changes in local tax rates, and the overall budget needs of Union County. These property taxes fund essential community services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in North Powder experience varying tax burdens, impacting their annual financial planning and long-term investment in their property.
Average North Powder Tax Bill
$1,048
Average Union County Tax Bill
$1,979
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across North Powder, Union County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97867 | $427 | $628 | $1,048 | $1,471 | $1,954 |
Source: Ownwell