Stayton, Oregon Property Taxes
The median property tax rate in Stayton, OR is 0.80%, slightly lower than the Oregon state median of 0.86%, yet still surpasses the national median of 0.99%. With a median home value of $401,555 in Stayton, the typical annual property tax bill amounts to $3,063, which is above the national median of $2,690. Property taxes in Stayton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Stayton'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 Stayton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stayton, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$3,212
Ownwell’s Stayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stayton 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 Stayton, Oregon
Property taxes in Stayton, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stayton is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Stayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stayton 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 Stayton's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97383 zip code 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 cities compare with Stayton 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 Stayton 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 Stayton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97383 | 0.49% | 0.72% | 0.80% | 0.86% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Stayton, Oregon
In Stayton, 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 Stayton, 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 Stayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97383 has both the highest and lowest median tax bills at $3,063, reflecting the unique local property dynamics.
Average Stayton Assessed Value
$401,555
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 Stayton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97383 | $203,870 | $298,758 | $401,555 | $489,125 | $645,755 |
Source: Ownwell
Property Tax Bills Across Stayton, Oregon
In Stayton, property tax bills are determined based on the assessed value of a property, which is distinct from its market value. The assessed value is calculated by the Marion County Assessor’s office and takes into account various factors such as the property's size, location, and improvements. Homeowners in Stayton face a median property tax bill of $3,063, aligning with the county's average. Compared to the national median property tax rate of 0.99%, Stayton's property tax rate is relatively moderate. However, the actual tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $2,247, while at the 75th percentile, it escalates to $3,803, and at the 90th percentile, it reaches $4,865. These variations can significantly impact homeowners' annual expenses, influencing their financial planning and budgeting. Understanding these factors can help homeowners anticipate their tax liabilities and make informed decisions regarding property investments.
Average Stayton 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 Stayton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97383 | $1,286 | $2,247 | $3,063 | $3,803 | $4,865 |
Source: Ownwell