Terrebonne, Deschutes County, Oregon Property Taxes
Median Terrebonne, OR effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Terrebonne, OR home value: $595,680
Median annual Terrebonne, OR tax bill: $2983, $583 higher than the national median property tax bill of $2,400.
How are property taxes in Deschutes County calculated?
Property taxes in Terrebonne, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Terrebonne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terrebonne, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Terrebonne, Deschutes County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$3,038
$2,819
Property Tax Rates Across Terrebonne, Deschutes County, Oregon
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this annual process is fundamentally about balancing budgets with property values.
In Terrebonne, located in Deschutes County, the effective property tax rate offers a glimpse into how property taxes are structured in Oregon. Compared to other cities within the state and the national median, Terrebonne's rate provides a unique perspective. The median property tax rate in Oregon is notably lower than the national median, highlighting the state's relatively favorable tax environment. This comparison underscores the importance of understanding local tax rates, as they directly impact property owners' financial responsibilities. By examining these rates, property owners can better navigate the complexities of property taxation and make informed decisions about their investments.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Terrebonne Tax Rate
0.51%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Deschutes County Tax Rate
0.59%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Terrebonne, Deschutes County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97760 | 0.28% | 0.41% | 0.51% | 0.62% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Terrebonne, Deschutes County, Oregon
When examining property taxes in Terrebonne, Oregon, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Deschutes County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Deschutes County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Terrebonne.
For example, the median home price in Terrebonne is $595,680, with tax bills ranging significantly across the county. Zip code 97760 has the highest median home price at $595,680.
Property Tax Assessment Values Across Terrebonne, Deschutes County, Oregon
Source: Ownwell
$382,825
$692,340
$1,001,855
Median Terrebonne Market Value
$595,680
Median Deschutes County Market Value
$646,345
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across Terrebonne, Deschutes County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97760 | $273,954 | $430,475 | $595,680 | $838,660 | $1,298,546 |
Source: Ownwell
Property Tax Bills Across Terrebonne, Deschutes County, Oregon
Median Terrebonne Tax Bill
$2,983
Median Deschutes County Tax Bill
$3,746
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Terrebonne, Deschutes County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97760 | $1,084 | $1,871 | $2,983 | $4,399 | $6,314 |
Source: Ownwell