Washougal, Oregon Property Taxes
The median property tax rate in Washougal, OR is 0.79%, which is lower than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Washougal at $312,270, the typical annual property tax bill is $2,479, falling below the national median of $2,690. Property taxes in Washougal are calculated based on the tax assessed value, which often comes in lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Washougal'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 Washougal 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
Washougal, 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 Washougal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washougal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washougal 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 Washougal, Oregon
Property taxes in Washougal, Oregon, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Washougal is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Washougal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washougal 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 Washougal's effective property tax rate to other counties in Oregon and the national median. For comparison, the 98671 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Washougal provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Washougal Tax Rate
0.79%
Average Lincoln County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washougal, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98671 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Washougal, Oregon
In Washougal, 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 Lincoln 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 Washougal, 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 Washougal is $312,270, with the highest and lowest median tax bills both being $2,479 in the 98671 zip code. 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 Washougal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Washougal Assessed Value
$312,270
Average Lincoln County Assessed Value
$341,090
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washougal, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98671 | $312,270 | $312,270 | $312,270 | $312,270 | $312,270 |
Source: Ownwell
Property Tax Bills Across Washougal, Oregon
In Washougal, located in Lincoln County, OR, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the market value. For example, if the median home price in Washougal is $312,270, the assessed value would be a portion of this amount, which is then multiplied by the local tax rate to determine the tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. The median property tax bill in Washougal stands at $2,479, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual financial obligations, potentially affecting their budgeting and long-term financial planning. Understanding these factors can help homeowners anticipate their expenses and plan accordingly.
Average Washougal Tax Bill
$2,479
Average Lincoln County Tax Bill
$2,817
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Washougal, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98671 | $2,479 | $2,479 | $2,479 | $2,479 | $2,479 |
Source: Ownwell