Alsea, Oregon Property Taxes
The median property tax rate in Alsea, 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 Alsea at $92,852, the typical annual property tax bill reaches $538, well below the national median of $2,690. Property taxes in Alsea 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 Alsea'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 Alsea 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
Alsea, 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 Alsea Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alsea with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alsea 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 Alsea, Oregon
Property taxes in Alsea, Oregon, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Alsea is 0.52%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Alsea set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alsea 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 Alsea's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97324 zip code has the highest median property tax rate of 0.52%, while the 97324 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Alsea provides valuable insights into the varying tax landscape across Lane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alsea Tax Rate
0.52%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alsea, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97324 | 0.36% | 0.42% | 0.52% | 0.59% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Alsea, Oregon
In Alsea, 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 Lane 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 Alsea, 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, the highest median tax bill in Alsea is $538 in the 97324 zip code, which is also the lowest median tax bill. Being aware of these valuation processes in Alsea helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alsea Assessed Value
$92,852
Average Lane County Assessed Value
$368,888
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alsea, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97324 | $38,818 | $43,972 | $92,852 | $363,307 | $707,683 |
Source: Ownwell
Property Tax Bills Across Alsea, Oregon
Property tax bills in Alsea, located in Lane County, OR, are determined based on the assessed value of a property, which is often lower than the market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $92,852, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is $262, while the 75th percentile reaches $1,530, and the 90th percentile goes up to $2,422. Several factors influence these tax bills, including property improvements, neighborhood developments, and changes in local government budgets. The highest and lowest median tax bills in the area both stand at $538, indicating some consistency in tax assessments within the zip code 97324. Compared to the national median property tax rate of 0.99%, Alsea's property taxes can be relatively manageable for homeowners, but they still need to be prepared for variability based on specific property assessments and local fiscal policies.
Average Alsea Tax Bill
$538
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Alsea, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97324 | $206 | $262 | $538 | $1,530 | $2,422 |
Source: Ownwell