Beaverton, Oregon Property Taxes
The median property tax rate in Beaverton, OR is 0.96%, which is slightly lower than the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Beaverton at $501,115, the typical annual property tax bill reaches $4,690, significantly exceeding the national median of $2,690. Property taxes in Beaverton are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beaverton'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 Beaverton 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
Beaverton, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$4,811
Ownwell’s Beaverton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaverton 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 Washington County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Beaverton, Oregon
Property taxes in Beaverton, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaverton is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Beaverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaverton 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 Beaverton's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97007 zip code has the highest median property tax rate of 1.09%, while the 97003 zip code has the lowest median tax rate of 0.83%. Understanding how these cities compare with Beaverton provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaverton Tax Rate
0.96%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaverton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97003 | 0.68% | 0.74% | 0.83% | 0.93% | 1.02% |
| 97005 | 0.75% | 0.81% | 0.91% | 1.10% | 1.30% |
| 97006 | 0.76% | 0.84% | 0.94% | 1.05% | 1.20% |
| 97007 | 0.86% | 0.94% | 1.09% | 1.23% | 1.36% |
| 97008 | 0.94% | 0.99% | 1.07% | 1.16% | 1.23% |
| 97076 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
| 97078 | 0.71% | 0.77% | 0.85% | 0.92% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Beaverton, Oregon
In Beaverton, 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 Washington County Assessment and Taxation office 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 Beaverton, 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 Beaverton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 97076 has the highest median tax bill at $7,188, while the zip code 97003 has the lowest at $3,757.
Average Beaverton Assessed Value
$501,115
Average Washington County Assessed Value
$529,930
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaverton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97003 | $363,270 | $409,205 | $459,570 | $517,105 | $588,675 |
| 97005 | $188,740 | $337,480 | $456,960 | $560,240 | $660,866 |
| 97006 | $225,310 | $372,370 | $501,340 | $597,600 | $707,480 |
| 97007 | $353,770 | $443,910 | $552,440 | $676,715 | $800,528 |
| 97008 | $312,944 | $471,958 | $541,565 | $607,748 | $694,137 |
| 97076 | $677,350 | $677,350 | $677,350 | $677,350 | $677,350 |
| 97078 | $365,545 | $423,955 | $468,665 | $517,210 | $574,819 |
Source: Ownwell
Property Tax Bills Across Beaverton, Oregon
Property tax bills in Beaverton, Washington County, OR, 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 to reflect changes in the real estate market. Homeowners in Beaverton can expect a median property tax bill of approximately $5,011, based on the median home price of $501,115. The tax rate in Beaverton is influenced by various factors, including local government budgets, school district funding, and public services. For example, the 25th percentile tax bill is around $3,699, while the 75th percentile reaches $6,214, and the 90th percentile can go up to $8,124. The highest median tax bill in the area is found in the 97076 zip code at $7,188, while the lowest is in the 97003 zip code at $3,757. These taxes significantly impact homeowners by affecting their annual budget and the overall affordability of owning property in the area.
Average Beaverton Tax Bill
$4,690
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaverton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97003 | $2,931 | $3,304 | $3,757 | $4,389 | $5,159 |
| 97005 | $2,763 | $3,474 | $4,194 | $5,416 | $6,754 |
| 97006 | $2,469 | $3,478 | $4,556 | $5,893 | $7,527 |
| 97007 | $3,696 | $4,542 | $5,960 | $7,966 | $9,899 |
| 97008 | $3,511 | $4,818 | $5,654 | $6,732 | $7,985 |
| 97076 | $7,188 | $7,188 | $7,188 | $7,188 | $7,188 |
| 97078 | $2,971 | $3,439 | $3,962 | $4,498 | $5,089 |
Source: Ownwell