Gladstone, Oregon Property Taxes
The median property tax rate in Gladstone, OR is 1.00%, slightly above the national median of 0.99% and significantly higher than Oregon's state median of 0.86%. With a median home value of $485,264, the typical annual property tax bill in Gladstone reaches $4,943, far surpassing the national median of $2,690. Property taxes in Gladstone are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gladstone'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 Gladstone 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
Gladstone, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$4,853
Ownwell’s Gladstone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladstone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladstone 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 Gladstone, Oregon
Property taxes in Gladstone, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladstone is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Gladstone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladstone 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 Gladstone's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97027 has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Gladstone 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 Gladstone Tax Rate
1.00%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladstone, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97027 | 0.85% | 0.93% | 1.00% | 1.06% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Gladstone, Oregon
In Gladstone, 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 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 Gladstone, 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 Gladstone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Gladstone is 97027, with a median tax bill of $4,943.
Average Gladstone Assessed Value
$485,264
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 Gladstone, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97027 | $321,573 | $405,109 | $485,264 | $570,755 | $655,372 |
Source: Ownwell
Property Tax Bills Across Gladstone, Oregon
In Gladstone, located in Clackamas County, OR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the local tax assessor and is typically lower than the market value to provide some relief to homeowners. Several factors contribute to the final tax bill, including the property’s size, location, and any improvements made. For homeowners in Gladstone, the median home price stands at $485,264. Property tax bills can vary significantly; the 25th percentile tax bill is $4,038, while the 75th percentile reaches $5,778, and the 90th percentile climbs to $6,623. The highest and lowest median tax bills in the city are both recorded at $4,943, within the 97027 zip code. These figures illustrate how property taxes in Gladstone can impact homeowners, with tax rates and assessed values playing crucial roles in determining the annual financial obligation. Compared to the national median property tax rate of 0.99%, Gladstone's property taxes reflect the local economic landscape and funding requirements for public services.
Average Gladstone Tax Bill
$4,943
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladstone, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97027 | $3,333 | $4,038 | $4,943 | $5,778 | $6,623 |
Source: Ownwell