Warrenton, Oregon Property Taxes
The median property tax rate in Warrenton, OR is 0.60%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Warrenton at $466,612, the typical annual property tax bill is $2,714, slightly above the national median of $2,690. Property taxes in Warrenton 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 Warrenton'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 Warrenton 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
Warrenton, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,800
Ownwell’s Warrenton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Warrenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warrenton to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. 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 Clatsop County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Warrenton, Oregon
Property taxes in Warrenton, Oregon, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Warrenton is 0.60%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Warrenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrenton 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 Warrenton's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97146 has both the highest and lowest median property tax rate of 0.60%. Understanding how these rates compare with Warrenton provides valuable insights into the varying tax landscape across Clatsop County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warrenton Tax Rate
0.60%
Average Clatsop County Tax Rate
0.63%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrenton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97146 | 0.47% | 0.54% | 0.60% | 0.71% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Warrenton, Oregon
In Warrenton, 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 Clatsop 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 Warrenton, 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 Warrenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,714, found in the 97146 zip code.
Average Warrenton Assessed Value
$466,612
Average Clatsop County Assessed Value
$501,530
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warrenton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97146 | $61,816 | $303,296 | $466,612 | $651,497 | $924,064 |
Source: Ownwell
Property Tax Bills Across Warrenton, Oregon
Property tax bills in Warrenton, located in Clatsop County, OR, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county assessor and is based on the market value of the property, which is influenced by factors such as location, property size, and recent sales of similar homes in the area. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Warrenton experience a range of property tax bills. For example, the 25th percentile tax bill is approximately $1,693, while those in the 75th percentile pay around $3,938. The 90th percentile tax bill reaches up to $5,693. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local rates. These property taxes are crucial for funding public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents in the community.
Average Warrenton Tax Bill
$2,714
Average Clatsop County Tax Bill
$3,200
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrenton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97146 | $550 | $1,693 | $2,714 | $3,938 | $5,693 |
Source: Ownwell