Summerville, Union County, Oregon Property Taxes
The median property tax rate in Summerville, OR is 0.74%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $261,225 in Summerville, the typical annual property tax bill comes to $2,096, falling short of the national median of $2,690. Property taxes in Summerville are calculated based on the assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Familiarizing yourself with Summerville's property tax system, exploring available exemptions, and identifying potential reductions can lead to significant annual savings. Whether you're in the heart of Summerville or another part of Union County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Summerville, Union County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,933
$1,794
Ownwell’s Summerville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Summerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Summerville to provide an estimate of your property tax bill. This intuitive tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Summerville, Union County, Oregon
Property taxes in Summerville, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Summerville is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Summerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summerville 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 Summerville's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97876 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Summerville 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 Summerville Tax Rate
0.74%
Average Union County Tax Rate
0.94%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summerville, Union County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97876 | 0.49% | 0.63% | 0.74% | 0.85% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Summerville, Union County, Oregon
In Summerville, Oregon, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Summerville, 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. Summerville's median home price is $261,225, with tax bills ranging from $1,215 at the 25th percentile to $3,531 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,096, found in the 97876 zip code. 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 Summerville, Union County, Oregon
Source: Ownwell
$128,940
$217,263
$305,585
Average Summerville Assessed Value
$261,225
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 Summerville, Union County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97876 | $105,823 | $174,125 | $261,225 | $416,905 | $575,992 |
Source: Ownwell
Property Tax Bills Across Summerville, Union County, Oregon
In Summerville, Union County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value often differs from the market value, reflecting a more stable and predictable figure for taxation purposes. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and any improvements made to the property. Homeowners in Summerville can expect a wide range of tax bills. For instance, those in the 25th percentile pay around $1,215 annually, while those in the 75th percentile face tax bills of approximately $2,872. The top 10% of taxpayers see bills as high as $3,531. Comparatively, the national median property tax rate is 0.99%, which highlights how local variations can significantly impact homeowners. Higher property taxes can affect overall affordability and influence decisions on purchasing or upgrading properties.
Average Summerville Tax Bill
$2,096
Average Union County Tax Bill
$1,979
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Summerville, Union County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97876 | $754 | $1,215 | $2,096 | $2,872 | $3,531 |
Source: Ownwell