Pleasant Hill, Oregon Property Taxes
The median property tax rate in Pleasant Hill, OR is 0.58%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Pleasant Hill at $504,792, the typical annual property tax bill reaches $2,910, slightly exceeding the national median of $2,690. Property taxes in Pleasant Hill 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 Pleasant Hill'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 Pleasant Hill 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
Pleasant Hill, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,928
Ownwell’s Pleasant Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pleasant Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Hill 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 Pleasant Hill, Oregon
Property taxes in Pleasant Hill, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Hill is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Pleasant Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Hill 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 Pleasant Hill's effective property tax rate to other areas in Lane County and the national median. For comparison, the zip code 97455 has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Pleasant Hill provides valuable insights into the varying tax landscape across Lane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Hill Tax Rate
0.58%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Hill, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97455 | 0.41% | 0.50% | 0.58% | 0.64% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Hill, Oregon
In Pleasant Hill, 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 Lane 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 Pleasant Hill, 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 Pleasant Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pleasant Hill is $2,910 in the 97455 zip code.
Average Pleasant Hill Assessed Value
$504,792
Average Lane County Assessed Value
$368,888
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Hill, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97455 | $38,721 | $318,730 | $504,792 | $662,492 | $854,771 |
Source: Ownwell
Property Tax Bills Across Pleasant Hill, Oregon
Property tax bills in Pleasant Hill, Lane County, OR, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, improvements made, and any applicable exemptions. Homeowners in Pleasant Hill experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $1,736, while those in the 75th percentile pay around $4,090. At the higher end, the 90th percentile tax bill reaches $5,161. These variations can impact homeowners differently, depending on their property's assessed value and the specific tax rate applied. Comparatively, the median property tax rate in Pleasant Hill aligns closely with the national median of 0.99%, ensuring that local tax obligations remain competitive. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan their finances accordingly.
Average Pleasant Hill Tax Bill
$2,910
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Hill, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97455 | $424 | $1,736 | $2,910 | $4,090 | $5,161 |
Source: Ownwell