Grand Ronde, Oregon Property Taxes
The median property tax rate in Grand Ronde, OR is 0.42%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Grand Ronde, the typical annual property tax bill reaches $827, well below the national median of $2,690. Property taxes in Grand Ronde are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grand Ronde'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 Grand Ronde or another part of Yamhill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grand Ronde, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$887
$823
Ownwell’s Grand Ronde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Ronde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Ronde 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 Grand Ronde, Oregon
Property taxes in Grand Ronde, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Ronde is 0.42%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Grand Ronde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Ronde 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 Grand Ronde's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in the region is also 0.42%, while the lowest median tax rate is 0.42%. Understanding how these cities compare with Grand Ronde 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 Grand Ronde Tax Rate
0.42%
Average Yamhill County Tax Rate
0.74%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Ronde, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97347 | 0.19% | 0.31% | 0.42% | 0.51% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Grand Ronde, Oregon
In Grand Ronde, 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 Grand Ronde, 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 Grand Ronde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 97347 in Grand Ronde has the highest and lowest median tax bill, both at $827.
Average Grand Ronde Assessed Value
$211,137
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 Grand Ronde, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97347 | $46,578 | $104,817 | $211,137 | $352,301 | $470,728 |
Source: Ownwell
Property Tax Bills Across Grand Ronde, Oregon
In Grand Ronde, located in Yamhill County, OR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is typically lower than the market value and is determined by the county assessor’s office. This value is then multiplied by the local property tax rate to determine the annual tax bill. For Grand Ronde, the median home price is $211,137, with property tax bills ranging from $289 at the 25th percentile to $2,097 at the 90th percentile. Several factors influence the assessed value, including the property's age, size, and location. Homeowners in Grand Ronde benefit from relatively low property taxes compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $827, indicating a consistent tax environment. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances accordingly.
Average Grand Ronde Tax Bill
$827
Average Yamhill County Tax Bill
$3,196
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Ronde, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97347 | $84 | $289 | $827 | $1,435 | $2,097 |
Source: Ownwell