Example of Wallowa County Property Tax Calculation
Wallowa County calculates property taxes based on the assessed value of the property. To determine the assessed value, the county assessor evaluates the property and assigns a value.
To calculate the property tax, first, the assessed value is multiplied by the tax rate. For example, if the assessed value is $100,000 and the tax rate is 1.5%, the property tax would be $1,500.
It is important to note that different areas within Wallowa County may have different tax rates. Additionally, there may be additional fees or assessments for specific services, such as fire protection or waste disposal. It is always a good idea to check with the county assessor's office for the most accurate and up-to-date information on property tax calculations in Wallowa County.
If you want appeal your property tax assessment - contact your local tax assessor.
Wallowa County Property Tax Rates
Here's a table showing the Wallowa County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | 2.4639 |
| Road | 1.0181 |
| Justice Court | 0.2547 |
| Emergency Communications | 0.1904 |
| Ambulance | 0.2009 |
| Library | 0.3194 |
| Fire District | 1.2186 |
| Parks and Recreation | 0.1768 |
| Schools | 4.3476 |
Keep in mind that these rates are subject to change and some areas within Wallowa County may have additional taxes or fees. It's always best to check with a local tax advisor for specific information about your property taxes.
Who sets property tax rates in Wallowa County ?
Who sets property tax rates in Wallowa County?
The Wallowa County Board of Commissioners sets property tax rates in Wallowa County.
When are property tax rates set?
Property tax rates are set annually, typically in the summer, after the county assesses property values and determines the budget for the upcoming fiscal year.
How are property tax rates determined?
The property tax rates are determined using the following formula:
(Total budget - other revenue sources) / total assessed value of taxable property = tax rate
The tax rate is then applied to each individual property's assessed value to determine the amount of property tax owed.
It is important to note that while the Board of Commissioners sets the tax rate, the actual property values are determined by the Wallowa County Assessor's Office.
Homestead exemptions in Wallowa County ?
In Wallowa County, Oregon, there are several Homestead exemptions and deductions available to eligible residents. Here is a breakdown of the exemptions, eligibility criteria, maximum amounts, and additional notes for each:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior Citizen Exemption | Age 62 or older | Up to $39,000 | Must have owned and lived in the home for at least 5 years |
| Disabled Citizen Exemption | Must have a qualifying disability | Up to $23,000 | Must have owned and lived in the home for at least 5 years |
| Veterans' Exemption | Must be a veteran with honorable discharge | Up to $23,000 | Applies to the assessed value of the property |
| Active Duty Military Exemption | Must be on active duty and stationed out of state | Up to $93,479 | Applies to the assessed value of the property |
| Deferral Programs | Must meet income requirements | Varies | Taxes are deferred until property is sold or transferred |
It is important to note that some exemptions may not be combined, and there may be additional requirements or limitations not listed here. For more information or to apply for any of these exemptions, contact the Wallowa County Assessor's Office.
When is Wallowa County Property Tax due ?
Wallowa County Property Tax is typically due on November 15th of each year. Here are some payment methods available:
| Payment Method | Deadline |
|---|---|
| In-person at Wallowa County Treasurer's Office | November 15th |
| By mail to Wallowa County Treasurer's Office | Postmarked by November 15th |
| Online through Wallowa County's website | November 15th |
It's important to note that late payments will incur interest and penalty fees. Additionally, if the property owner has an escrow account with their mortgage lender, the payment may be paid through the lender. Property owners are encouraged to confirm payment methods and deadlines with the Wallowa County Treasurer's Office.
If you have more questions - contact your local tax collector.
How is Wallowa County Property Tax penalty calculated ?
Wallowa County calculates property tax penalties based on a specific formula. The penalty is calculated on any delinquent taxes that are not paid by the due date. Here is an example of how the penalty is calculated:
Let's say John owns a property in Wallowa County and his property tax is due on November 15th. However, he fails to pay the tax by the due date. The delinquent tax will accrue an interest penalty of 1.5% per month, starting on December 1st. If John pays the delinquent tax on December 31st, he will owe a penalty of 3% (1.5% for December and 1.5% for January) in addition to the original tax amount.
Wallowa County uses the following formula to calculate property tax penalties:
Penalty = (Delinquent Tax Amount x Penalty Rate) / 365 x Number of Days Delinquent
- Delinquent Tax Amount: The amount of tax that was not paid by the due date
- Penalty Rate: The interest rate set by the County (1.5% per month)
- 365: The number of days in a year
- Number of Days Delinquent: The number of days from the due date until the tax is paid
In summary, if you fail to pay your Wallowa County property tax on time, you will be subject to a penalty based on the delinquent tax amount and the number of days it is delinquent. It is important to pay your property taxes on time to avoid unnecessary penalties and fees.
We recommend contacting the Wallowa County Tax Office or a local tax professional for the most up-to-date and accurate information.