Westport, Oregon Property Taxes
The median property tax rate in Westport, OR is 0.80%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Westport at $865,310, the typical annual property tax bill reaches $4,667, significantly exceeding the national median of $2,690. Property taxes in Westport are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Westport'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 Westport 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
Westport, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$6,922
Ownwell’s Westport Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Westport with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Westport to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Westport, Oregon
Property taxes in Westport, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westport is 0.80%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Westport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westport 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 Westport's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97016 zip code has the highest median property tax rate of 0.80%, while the 97016 zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Westport 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 Westport Tax Rate
0.80%
Average Clatsop County Tax Rate
0.63%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97016 | 0.54% | 0.64% | 0.80% | 0.97% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Westport, Oregon
In Westport, 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 Appraisal District 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 Westport, 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. The median home price in Westport is $865,310, with property tax bills ranging from $3,254 at the 25th percentile to $6,928 at the 90th percentile. 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 Westport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westport Assessed Value
$865,310
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 Westport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97016 | $303,158 | $513,965 | $865,310 | $1,216,655 | $1,427,462 |
Source: Ownwell
Property Tax Bills Across Westport, Oregon
In Westport, Clatsop County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is not necessarily the market value but is derived from a percentage of the market value, adjusted based on various factors such as property condition, location, and recent comparable sales. For instance, with a median home price of $865,310, homeowners can expect their tax bills to vary widely. The 25th percentile tax bill is around $3,254, while the 75th percentile tax bill can reach up to $6,080. The 90th percentile tax bill even goes as high as $6,928. These tax bills are influenced by local tax rates and levies, which fund essential public services like schools, emergency services, and infrastructure. Homeowners in Westport may find their property tax bills higher compared to the national median property tax rate of 0.99%, reflecting the region's higher property values and local tax policies.
Average Westport Tax Bill
$4,667
Average Clatsop County Tax Bill
$3,200
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Westport, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97016 | $2,406 | $3,254 | $4,667 | $6,080 | $6,928 |
Source: Ownwell