Cannon Beach, Oregon Property Taxes
The median property tax rate in Cannon Beach, OR is 0.52%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Cannon Beach at $898,008, the typical annual property tax bill reaches $4,790, exceeding the national median of $2,690. Property taxes in Cannon Beach are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cannon Beach'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 Cannon Beach 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
Cannon Beach, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$4,670
Ownwell’s Cannon Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cannon Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cannon Beach 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 Cannon Beach, Oregon
Property taxes in Cannon Beach, Oregon, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cannon Beach is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Cannon Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cannon Beach 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 Cannon Beach's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97110 has both the highest and lowest median property tax rate of 0.52%. Understanding how these cities compare with Cannon Beach 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 Cannon Beach Tax Rate
0.52%
Average Clatsop County Tax Rate
0.63%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cannon Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97110 | 0.40% | 0.46% | 0.52% | 0.59% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Cannon Beach, Oregon
In Cannon Beach, 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 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. In Cannon Beach, 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 Cannon Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cannon Beach are both $4,790, found in the 97110 zip code.
Average Cannon Beach Assessed Value
$898,008
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 Cannon Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97110 | $475,937 | $652,355 | $898,008 | $1,276,598 | $2,652,740 |
Source: Ownwell
Property Tax Bills Across Cannon Beach, Oregon
In Cannon Beach, located in Clatsop County, OR, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county assessor and is often lower than the market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $898,008, homeowners can expect varying tax bills depending on their property's assessed value and any applicable exemptions or deductions. Factors such as property improvements, neighborhood developments, and local government budgets can influence the assessed value. Homeowners in Cannon Beach typically see tax bills ranging from $3,371 at the 25th percentile to $11,599 at the 90th percentile. The highest and lowest median tax bills in the area are both $4,790, reflecting the uniformity within the zip code 97110. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Cannon Beach Tax Bill
$4,790
Average Clatsop County Tax Bill
$3,200
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Cannon Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97110 | $2,468 | $3,371 | $4,790 | $6,888 | $11,599 |
Source: Ownwell