Astoria, Oregon Property Taxes
The median property tax rate in Astoria, OR is 0.69%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Astoria at $479,592, the typical annual property tax bill amounts to $3,273, surpassing the national median of $2,690. Property taxes in Astoria are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Astoria'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 Astoria or another part of Clatsop County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Astoria, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Astoria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Astoria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Astoria 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 Astoria, Oregon
Property taxes in Astoria, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Astoria is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Astoria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Astoria 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 Astoria's effective property tax rate to other areas and the national median. For comparison, the zip code 97103 has both the highest and lowest median property tax rate of 0.69%. Understanding how these figures compare with Astoria provides valuable insights into the varying tax landscape across Clatsop County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Astoria Tax Rate
0.69%
Average Clatsop County Tax Rate
0.63%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Astoria, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97103 | 0.51% | 0.60% | 0.69% | 0.81% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Astoria, Oregon
In Astoria, 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 Clatsop 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 Astoria, 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. Astoria's median home price is $479,592, with property tax bills ranging from $2,358 at the 25th percentile to $5,813 at the 90th percentile. The zip code 97103 has the highest and lowest median tax bill of $3,273. Being aware of these valuation processes in Astoria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Astoria Assessed Value
$479,592
Average Clatsop County Assessed Value
$501,530
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Astoria, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97103 | $242,117 | $368,672 | $479,592 | $599,971 | $749,034 |
Source: Ownwell
Property Tax Bills Across Astoria, Oregon
In Astoria, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is generally a percentage of the market value. Homeowners in Astoria, located in Clatsop County, face property tax bills that fluctuate significantly. For instance, the tax bill at the 25th percentile is $2,358, while those at the 75th percentile can expect to pay around $4,384. The 90th percentile tax bill reaches up to $5,813. These figures can be compared to the national median property tax rate of 0.99%, highlighting the variability within the region. Several factors influence the tax bill, including property improvements, neighborhood changes, and local government budgets. Higher property taxes can affect homeowners by increasing their annual expenses, potentially impacting affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Astoria Tax Bill
$3,273
Average Clatsop County Tax Bill
$3,200
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Astoria, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97103 | $1,439 | $2,358 | $3,273 | $4,384 | $5,813 |
Source: Ownwell