Pacific City, Oregon Property Taxes
The median property tax rate in Pacific City, OR is 0.57%, which is considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Pacific City at $647,200, the typical annual property tax bill reaches $3,637, exceeding the national median of $2,690. Property taxes in Pacific City 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 Pacific City'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 Pacific City or another part of Tillamook County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pacific City, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$3,689
Ownwell’s Pacific City Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pacific City with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pacific City to provide an estimate of 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 Pacific City, Oregon
Property taxes in Pacific City, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pacific City is 0.57%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Pacific City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pacific City 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 Pacific City's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97135 zip code has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Pacific City 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 Pacific City Tax Rate
0.57%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pacific City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97135 | 0.47% | 0.51% | 0.57% | 0.63% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Pacific City, Oregon
In Pacific City, 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 Pacific City, 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 Pacific City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,637, found in the 97135 zip code.
Average Pacific City Assessed Value
$647,200
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 Pacific City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97135 | $258,149 | $420,808 | $647,200 | $869,262 | $1,086,055 |
Source: Ownwell
Property Tax Bills Across Pacific City, Oregon
In Pacific City, located in Tillamook County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically lower than the market value and is adjusted annually. Several factors influence the tax bill, including the property's location, size, and any improvements made. For example, the median home price in Pacific City is $647,200, and property tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Pacific City can expect their tax bills to vary significantly. The 25th percentile tax bill is around $2,406, while the 75th percentile tax bill is approximately $4,922, and the 90th percentile tax bill reaches up to $6,187. These figures highlight the range of property tax burdens homeowners may face, depending on their property's assessed value and other contributing factors. Compared to the national median property tax rate of 0.99%, Pacific City’s property taxes reflect the local economic conditions and property values.
Average Pacific City Tax Bill
$3,637
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Pacific City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97135 | $1,500 | $2,406 | $3,637 | $4,922 | $6,187 |
Source: Ownwell