Oregon City, Washington Property Taxes
The median property tax rate in Oregon City, WA is 0.67%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $288,700 in Oregon City, the typical annual property tax bill amounts to $1,938, which is significantly less than the national median of $2,690. Property taxes in Oregon City are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oregon 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 Oregon City 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
Oregon City, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,934
$1,890
Ownwell’s Oregon City Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oregon City with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Oregon City to estimate your property tax bill. This valuable 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 Franklin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Oregon City, Washington
Property taxes in Oregon City, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oregon City is 0.67%, lower than the U.S. national median of 0.99%. Local government entities within Oregon City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oregon 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 Oregon City's effective property tax rate to other counties in Washington and the national median. For comparison, the 97045 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Oregon City provides valuable insights into the varying tax landscape across Washington, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oregon City Tax Rate
0.67%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oregon City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97045 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Oregon City, Washington
In Oregon City, Washington, 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 Franklin County Appraisal District 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 Oregon 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 Oregon City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1938, specifically in the 97045 zip code.
Average Oregon City Assessed Value
$288,700
Average Franklin County Assessed Value
$384,600
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oregon City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97045 | $288,700 | $288,700 | $288,700 | $288,700 | $288,700 |
Source: Ownwell
Property Tax Bills Across Oregon City, Washington
In Oregon City, located in Franklin County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Oregon City is $288,700. The property tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Oregon City, the property tax bill falls uniformly at $1,938, regardless of the percentile, indicating a consistent tax rate across different property values. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. These assessments ensure that homeowners contribute fairly to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Oregon City's property tax rate results in a relatively consistent tax bill for its residents. This consistency can help homeowners in Oregon City better predict their annual expenses, contributing to a more stable financial planning environment.
Average Oregon City Tax Bill
$1,938
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Oregon City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97045 | $1,938 | $1,938 | $1,938 | $1,938 | $1,938 |
Source: Ownwell