Estacada, Oregon Property Taxes
The median property tax rate in Estacada, OR is 0.68%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $490,380, the typical annual property tax bill in Estacada reaches $3,562, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Estacada'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 Estacada or another part of Clackamas County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Estacada, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$3,335
Ownwell’s Estacada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Estacada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Estacada 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 Estacada, Oregon
Property taxes in Estacada, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Estacada is 0.68%, lower than the U.S. national median of 0.99%. Local government entities within Estacada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Estacada 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 Estacada's effective property tax rate to other areas in Clackamas County and the national median. For comparison, the 97023 zip code in Estacada has a median property tax rate of 0.68%. Understanding how these areas compare with Estacada provides valuable insights into the varying tax landscape across Clackamas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Estacada Tax Rate
0.68%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Estacada, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97023 | 0.46% | 0.58% | 0.68% | 0.83% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Estacada, Oregon
In Estacada, 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 Clackamas 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 Estacada, 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 Estacada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97023 has the highest and lowest median tax bill at $3,562, reflecting the uniformity in tax assessments within the area.
Average Estacada Assessed Value
$490,380
Average Clackamas County Assessed Value
$564,773
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Estacada, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97023 | $139,630 | $351,450 | $490,380 | $651,529 | $921,201 |
Source: Ownwell
Property Tax Bills Across Estacada, Oregon
In Estacada, property tax bills are calculated based on the assessed value of a home, which is determined by the Clackamas County Assessor's Office. The assessed value is distinct from the market value, often being lower, and it serves as the basis for the tax calculation. The tax rate is applied to the assessed value, resulting in the annual property tax bill. Several factors influence the assessed value, including property size, location, and any improvements made to the property. For homeowners in Estacada, understanding these factors is crucial as they directly affect the tax bill. For example, the median home price in the area is approximately $490,380. Property tax bills range significantly, with the 25th percentile at $2,339 and the 75th percentile at $4,489, while the 90th percentile reaches up to $5,535. This variability means homeowners should be aware of how changes in property assessments can impact their financial obligations. Compared to the national median property tax rate of 0.99%, Estacada's rates can lead to substantial annual tax bills.
Average Estacada Tax Bill
$3,562
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Estacada, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97023 | $1,279 | $2,339 | $3,562 | $4,489 | $5,535 |
Source: Ownwell