Example of Wasco County Property Tax Calculation
In Wasco County, the property tax calculation is based on the assessed value of the property. The assessed value is determined by the county tax assessor, who takes into account factors such as property size, location, and improvements made to the property.
Once the assessed value has been determined, the property tax rate is applied to that value to calculate the amount of tax owed. This tax rate can vary depending on factors such as the location of the property and any special assessments that may apply.
For example, if a property in Wasco County has an assessed value of $200,000 and the tax rate is 1%, the property owner would owe $2,000 in property taxes for the year. It's important to note that property taxes are typically paid in two installments throughout the year, with due dates determined by the county.
Overall, understanding how property taxes are calculated in Wasco County can help property owners plan their budgets and ensure they are prepared for tax season.
If you want appeal your property tax assessment - contact your local tax assessor.
Wasco County Property Tax Rates
The following table presents the Property Tax Rates for Wasco County in US dollars per $100 of assessed value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County | $1.8380 |
| City | $1.1550 - $1.6720 |
| School | $5.1540 |
| Special | $0.2785 - $3.9855 |
| Statewide | $2.50 |
It is important to note that the City tax rate varies depending on the specific city within Wasco County. Additionally, the Special tax rate varies depending on the location and type of property being assessed. The Statewide tax rate is fixed and applies uniformly throughout Oregon. Property owners in Wasco County should consult with a licensed tax advisor to ensure accurate and up-to-date information on their specific tax liabilities.
Who sets property tax rates in Wasco County ?
Who sets property tax rates in Wasco County?
The Wasco County Board of Commissioners is responsible for setting property tax rates in Wasco County. They review the assessed value of properties and the County's budget to determine the appropriate tax rates.
When are property tax rates set in Wasco County?
Property tax rates in Wasco County are typically set during the annual budget process, which takes place in the late summer and early fall. The County must adopt a budget and set tax rates by October 1st of each year.
| Responsible Party | Timeline |
|---|---|
| Wasco County Board of Commissioners | Sets property tax rates during annual budget process in late summer/early fall. Must adopt budget and set tax rates by October 1st of each year. |
It is important for property owners in Wasco County to understand the property tax rate and how it is calculated, as it could affect their overall tax liability. It is advisable for property owners to consult with a tax professional or the county tax assessor's office for any questions or concerns related to property taxes.
Homestead exemptions in Wasco County ?
The following table provides a comprehensive list of all county-specific Homestead exemptions and deductions applicable in Wasco County, Oregon:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Exemption | All owners | $3,000 | Applies to all property types |
| Senior Exemption | Age 62+ or disabled | $46,000 | Applies to primary residence only |
| Disabled Veterans Exemption | Service-connected disability | Up to $20,000 | Applies to primary residence only |
| Double Exemption | Single filers with income < $27,500 or joint filers with income < $32,500 | $2,000 | Applies to all property types |
| Farm Property Exemption | Owners of farmland | Up to $7,500 | Applies to farmland only |
| Business Equipment Exemption | Business owners | Up to $25,000 | Applies to business equipment only |
It is important to note that eligibility requirements and amounts may vary depending on circumstances. Applicants should contact the Wasco County Assessor's Office for further information and to obtain the necessary forms to apply for these exemptions and deductions.
When is Wasco County Property Tax due ?
According to the Wasco County official website, property taxes are due on November 15th of each year. However, the county offers a discount of 3% if the payment is made by November 15th, or 2% if the payment is made by December 15th.
There are several payment methods available for property tax in Wasco County. The options are:
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Online payment: Property tax payments can be made online using a credit or debit card or by eCheck. The county website provides a link to the online payment portal.
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By mail: Payments can be mailed to the Wasco County Tax Collector's Office using the address provided on the tax statement. Payments made by mail must be postmarked on or before November 15th to qualify for the discount.
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In-person: Payments can be made in person at the Tax Collector's Office located in The Dalles. The office is open from 8:30 AM to 5:00 PM, Monday through Friday, except on holidays.
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Drop-box: A drop-box is available outside the Tax Collector's Office for after-hours payments. Payments made through the drop-box must be in the form of a check or money order.
It is important to note that failure to pay property taxes on time may result in penalties and interest charges. Therefore, it is recommended to make payments on or before the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Wasco County Property Tax penalty calculated ?
Property owners in Wasco County who fail to pay their property taxes on time are subject to a penalty. This penalty is calculated based on the delinquent tax amount and the number of days the tax remains unpaid. Here's an example:
Suppose a property owner in Wasco County owes $5,000 in property taxes, due on November 15th. If they fail to pay by that date, the penalty will be calculated as follows:
| Delinquent Tax Amount | Penalty Rate | Days Late | Penalty Amount |
|---|---|---|---|
| $5,000 | 1.333% | 30 days late | $66.65 |
In this example, the penalty rate for delinquent taxes in Wasco County is 1.333% per month, or 16% per year. The penalty amount is calculated by multiplying the delinquent tax amount by the penalty rate and the number of days late.
If the property owner in this example still does not pay their taxes after 30 days, the penalty will continue to accrue at the same rate for each additional month the taxes remain unpaid.
It's important for property owners to pay their taxes on time to avoid penalties and potentially losing their property.
We recommend contacting the Wasco County Tax Office or a local tax professional for the most up-to-date and accurate information.