Condon, Oregon Property Taxes
The median property tax rate in Condon, OR is 0.30%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Condon at $394,580, the typical annual property tax bill is $1,198, which is well below the national median of $2,690. Property taxes in Condon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Condon'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 Condon or another part of Wheeler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Condon, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Condon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Condon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Condon 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 Condon, Oregon
Property taxes in Condon, Oregon, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Condon is 0.97%, which is significantly higher than the Oregon state median of 0.90% but slightly lower than the U.S. national median of 0.99%. Local government entities within Condon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Condon 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. Although 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 Condon's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in Oregon is found in 97034, with a rate of 1.30%, while the lowest median tax rate is in 97818, at 0.45%. Understanding how these cities compare with Condon provides valuable insights into the varying tax landscape across Gilliam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Condon Tax Rate
0.30%
Average Wheeler County Tax Rate
0.87%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Source: Ownwell
Property Tax Assessment Values Across Condon, Oregon
In Condon, 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 Wheeler 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 Condon, 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 example, the median home price in Condon is $394,580, with the median tax bill at $1,198. 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 Condon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 97823 has both the highest and lowest median tax bill at $1,198.
Average Condon Assessed Value
$394,580
Average Wheeler County Assessed Value
$186,970
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | $394,580 | $394,580 | $394,580 | $394,580 | $394,580 |
Source: Ownwell
Property Tax Bills Across Condon, Oregon
In Condon, Wheeler County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is typically a percentage of the property's market value. Homeowners in Condon experience a consistent property tax bill, with the median tax bill being $1,198. This figure is notably higher than the national median property tax rate of 0.99%, reflecting the unique property values and tax rates in the area. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, properties with higher assessed values will naturally incur higher tax bills. Additionally, local government budgets and school funding needs can impact the overall tax rate applied to properties. For homeowners, understanding how these elements interact is crucial. A higher property tax bill can affect monthly mortgage payments and overall housing affordability. Therefore, staying informed about local tax assessments and potential exemptions can help manage these costs effectively.
Average Condon Tax Bill
$1,198
Average Wheeler County Tax Bill
$1,745
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Condon, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97823 | $1,198 | $1,198 | $1,198 | $1,198 | $1,198 |
Source: Ownwell