Garibaldi, Oregon Property Taxes
The median property tax rate in Garibaldi, OR is 0.63%, which is notably lower than both the national median of 0.99% and Oregon's state median of 0.86%. With a median home value of $339,305 in Garibaldi, the typical annual property tax bill amounts to $2,072, falling below the national median of $2,690. Property taxes in Garibaldi are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. By understanding Garibaldi's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Garibaldi or another part of Tillamook County, comprehending the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Garibaldi, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$2,138
Ownwell’s Garibaldi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garibaldi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garibaldi 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 Garibaldi, Oregon
Property taxes in Garibaldi, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garibaldi is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Garibaldi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garibaldi 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 Garibaldi's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97118 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Garibaldi provides valuable insights into the varying tax landscape across Tillamook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garibaldi Tax Rate
0.63%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garibaldi, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97118 | 0.50% | 0.56% | 0.63% | 0.71% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Garibaldi, Oregon
In Garibaldi, 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 Tillamook 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 Garibaldi, 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. For instance, the median home price in Garibaldi is $339,305, with the 25th percentile tax bill at $1,570 and the 75th percentile tax bill at $2,981. 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 Garibaldi helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garibaldi Assessed Value
$339,305
Average Tillamook County Assessed Value
$397,740
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garibaldi, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97118 | $151,461 | $228,730 | $339,305 | $483,172 | $684,286 |
Source: Ownwell
Property Tax Bills Across Garibaldi, Oregon
In Garibaldi, located in Tillamook County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Garibaldi, the median home price is $339,305. The tax rate in this region results in a median tax bill of $2,072, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local taxing authorities. Homeowners in Garibaldi can expect their tax bills to vary significantly, with the 25th percentile paying around $1,570 and the 75th percentile paying up to $2,981. At the 90th percentile, tax bills can reach as high as $4,167. These variations can significantly impact homeowners' annual expenses, making it crucial for property owners to understand how their tax bills are determined.
Average Garibaldi Tax Bill
$2,072
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Garibaldi, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97118 | $1,211 | $1,570 | $2,072 | $2,981 | $4,167 |
Source: Ownwell