West Linn, Oregon Property Taxes
The median property tax rate in West Linn, OR, is 1.06%, considerably higher than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in West Linn at $723,605, the typical annual property tax bill reaches $7,429, far exceeding the national median of $2,690. Property taxes in West Linn 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 West Linn'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 West Linn 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
West Linn, 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 West Linn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Linn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Linn 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 West Linn, Oregon
Property taxes in West Linn, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Linn is 1.06%, higher than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within West Linn set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Linn 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 West Linn's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97068 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with West Linn provides valuable insights into the varying tax landscape across Clackamas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Linn Tax Rate
1.06%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Linn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97068 | 0.81% | 0.93% | 1.06% | 1.15% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across West Linn, Oregon
In West Linn, 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 Clackamas 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 West Linn, 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 West Linn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $723,605, with tax bills ranging from $5,128 at the 25th percentile to $14,124 at the 90th percentile. The zip code 97068 has both the highest and lowest median tax bills at $7,429.
Average West Linn Assessed Value
$723,605
Average Clackamas County Assessed Value
$564,773
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Linn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97068 | $413,499 | $541,307 | $723,605 | $988,807 | $1,323,570 |
Source: Ownwell
Property Tax Bills Across West Linn, Oregon
In West Linn, property tax bills are calculated based on the assessed value of a home, which is determined by the Clackamas County Assessor. This assessed value is then multiplied by the local tax rate. The median home price in West Linn is $723,605, and the property tax rate in the area is relatively high compared to the national median property tax rate of 0.99%. Homeowners in West Linn can expect to pay a median tax bill of $7,429 annually, regardless of the zip code. Several factors influence the total tax bill, including the property's assessed value, any applicable exemptions, and local tax levies. For instance, the 25th percentile of tax bills in West Linn is $5,128, while the 75th percentile reaches $10,676, and the 90th percentile can go up to $14,124. These variations can significantly impact homeowners, affecting their annual expenses and overall cost of living. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average West Linn Tax Bill
$7,429
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across West Linn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97068 | $3,817 | $5,128 | $7,429 | $10,676 | $14,124 |
Source: Ownwell