Tygh Valley, Oregon Property Taxes
The median property tax rate in Tygh Valley, OR is 0.76%, lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Tygh Valley at $199,560, the typical annual property tax bill is around $1,459, which is significantly below the national median of $2,690. Property taxes in Tygh Valley are calculated based on the assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Tygh Valley'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 Tygh Valley or another part of Wasco County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tygh Valley, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,517
Ownwell’s Tygh Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tygh Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tygh Valley 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 Tygh Valley, Oregon
Property taxes in Tygh Valley, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tygh Valley is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Tygh Valley set these rates annually, and they can vary across different neighborhoods. Each year, Tygh Valley 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 Tygh Valley's effective property tax rate to other areas in Wasco County and the national median. For comparison, the 97063 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these rates compare with Tygh Valley provides valuable insights into the varying tax landscape across Wasco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tygh Valley Tax Rate
0.76%
Average Wasco County Tax Rate
0.78%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tygh Valley, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97063 | 0.42% | 0.59% | 0.76% | 0.90% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Tygh Valley, Oregon
In Tygh Valley, 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 Wasco 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 Tygh Valley, 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 Tygh Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 97063, with a median tax bill of $1,459.
Average Tygh Valley Assessed Value
$199,560
Average Wasco County Assessed Value
$294,180
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tygh Valley, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97063 | $94,860 | $138,652 | $199,560 | $281,668 | $385,340 |
Source: Ownwell
Property Tax Bills Across Tygh Valley, Oregon
In Tygh Valley, located in Wasco County, OR, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine your annual tax bill. The median home price in Tygh Valley is $199,560, and the median property tax bill is $1,459, which is notably below the national median property tax rate of 0.99%. Several factors influence the assessed value, including the market value of the property, improvements made, and any applicable exemptions. For example, the 25th percentile of tax bills in the area is $1,011, while the 75th percentile is $2,108, and the 90th percentile reaches $2,821. These variations reflect differences in property values and exemptions among homeowners. Understanding how these factors contribute to your property tax bill can help you better manage your finances and explore potential savings through exemptions or appeals.
Average Tygh Valley Tax Bill
$1,459
Average Wasco County Tax Bill
$2,286
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Tygh Valley, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97063 | $548 | $1,011 | $1,459 | $2,108 | $2,821 |
Source: Ownwell