Gresham, Oregon Property Taxes
The median property tax rate in Gresham, OR is 0.81%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Gresham at $502,682, the typical annual property tax bill reaches $3,620, significantly higher than the national median of $2,690. Property taxes in Gresham 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 Gresham'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 Gresham 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
Gresham, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$4,072
Ownwell’s Gresham Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Gresham. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Gresham to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations and may include applicable exemptions.
Property Tax Rates Across Gresham, Oregon
Property taxes in Gresham, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gresham is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Gresham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gresham 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 Gresham's effective property tax rate to other areas in Oregon and the national median. For comparison, the 97030 zip code has the highest median property tax rate of 0.92%, while the 97080 zip code has the lowest median tax rate of 0.81%. Understanding how these areas compare with Gresham 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 Gresham Tax Rate
0.81%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gresham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97030 | 0.77% | 0.82% | 0.92% | 0.97% | 1.00% |
| 97080 | 0.58% | 0.73% | 0.81% | 0.86% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Gresham, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gresham, Oregon. 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's 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. 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. For instance, Gresham's highest median tax bill is $4,028 in the 97080 zip code, while the lowest is $611 in the 97030 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gresham Assessed Value
$502,682
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 Gresham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97030 | $48,742 | $61,945 | $83,950 | $102,924 | $114,308 |
| 97080 | $290,162 | $356,610 | $531,669 | $654,114 | $767,595 |
Source: Ownwell
Property Tax Bills Across Gresham, Oregon
In Gresham, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Gresham, the median home price is $502,682. The tax bills in this area can vary significantly, ranging from the 25th percentile at $2,814 to the 90th percentile at $5,773. The highest median tax bill in the 97080 zip code is $4,028, while the lowest median tax bill in the 97030 zip code is $611. Several factors influence the assessed value, including the property's market value, improvements, and any exemptions or limitations on assessment increases. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Gresham should be aware of these factors as they directly impact their annual tax obligations and overall cost of homeownership, especially when compared to the national median property tax rate of 0.99%.
Average Gresham Tax Bill
$3,620
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gresham, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97030 | $447 | $508 | $611 | $865 | $1,017 |
| 97080 | $2,639 | $3,305 | $4,028 | $5,397 | $6,170 |
Source: Ownwell