Dundee, Oregon Property Taxes
The median property tax rate in Dundee, OR is 0.59%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Dundee at $552,408, the typical annual property tax bill reaches $3,301, which exceeds the national median of $2,690. Property taxes in Dundee are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dundee'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 Dundee 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
Dundee, 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 Dundee Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dundee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dundee 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 Dundee, Oregon
Property taxes in Dundee, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dundee is 0.59%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Dundee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dundee 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 Dundee's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97115 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Dundee provides valuable insights into the varying tax landscape across Yamhill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dundee Tax Rate
0.59%
Average Yamhill County Tax Rate
0.74%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dundee, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97115 | 0.43% | 0.52% | 0.59% | 0.64% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Dundee, Oregon
In Dundee, 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 Yamhill 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 Dundee, 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 Dundee is $552,408. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Dundee's highest and lowest median tax bills are both recorded at $3,301 in the 97115 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dundee Assessed Value
$552,408
Average Yamhill County Assessed Value
$432,001
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dundee, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97115 | $333,720 | $438,420 | $552,408 | $746,574 | $1,006,321 |
Source: Ownwell
Property Tax Bills Across Dundee, Oregon
In Dundee, located in Yamhill County, OR, property tax bills are calculated based on the assessed value of a home, which may differ from its market value. The median home price in Dundee is $552,408. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $2,505 and the 75th percentile reaching $4,363. For those at the higher end, the 90th percentile tax bill can go up to $5,690. These tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The assessed value is determined by the county assessor and is a key component in calculating the final tax bill. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to evaluate Dundee's tax rates. For homeowners, understanding these factors is crucial as property taxes can significantly impact monthly budgets and long-term financial planning.
Average Dundee Tax Bill
$3,301
Average Yamhill County Tax Bill
$3,196
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Dundee, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97115 | $1,561 | $2,505 | $3,301 | $4,363 | $5,690 |
Source: Ownwell