Mount Angel, Oregon Property Taxes
The median property tax rate in Mount Angel, OR is 0.80%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $413,840 in Mount Angel, the typical annual property tax bill reaches $3,063, surpassing the national median of $2,690. Property taxes in Mount Angel 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 Mount Angel'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 Mount Angel 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
Mount Angel, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$3,311
Ownwell’s Mount Angel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Angel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Angel 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 Mount Angel, Oregon
Property taxes in Mount Angel, Oregon, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Mount Angel is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities in Mount Angel set these rates annually, and they can vary across different neighborhoods. Each year, Mount Angel 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. Although 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 Mount Angel's effective property tax rate to other areas in Marion County and the national median. For comparison, the zip code 97362 has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these figures compare with Mount Angel provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Angel Tax Rate
0.80%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Angel, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97362 | 0.56% | 0.70% | 0.80% | 0.88% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Mount Angel, Oregon
In Mount Angel, 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 Marion 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 Mount Angel, 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 Mount Angel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97362 has both the highest and lowest median tax bills, each at $3,063.
Average Mount Angel Assessed Value
$413,840
Average Marion County Assessed Value
$390,390
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Angel, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97362 | $162,114 | $318,320 | $413,840 | $517,845 | $635,463 |
Source: Ownwell
Property Tax Bills Across Mount Angel, Oregon
In MOUNT ANGEL, located in Marion County, OR, property tax bills are calculated based on the assessed value of a home, which often differs from its market value. The assessed value is determined by the county assessor and considers various factors such as the property's size, age, location, and any improvements made. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in MOUNT ANGEL, property tax bills can vary significantly. For instance, at the 25th percentile, the tax bill is approximately $2,378, while at the 75th percentile, it rises to about $4,174. Those at the 90th percentile see bills as high as $5,105. The median home price in the area is $413,840, which is a critical factor in determining the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in MOUNT ANGEL may find their tax rates to be competitive. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Mount Angel Tax Bill
$3,063
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Angel, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97362 | $1,151 | $2,378 | $3,063 | $4,174 | $5,105 |
Source: Ownwell