Coburg, Oregon Property Taxes
The median property tax rate in Coburg, OR is 0.74%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value in Coburg of $494,714, the typical annual property tax bill is $3,743, surpassing the national median of $2,690. Property taxes in Coburg are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coburg'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 Coburg 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
Coburg, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$3,661
Ownwell’s Coburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coburg 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 Coburg, Oregon
Property taxes in Coburg, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coburg is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Coburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coburg 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 Coburg's effective property tax rate to other areas in Lane County and the national median. For comparison, the zip code 97408 has the same median property tax rate of 0.74%, reflecting a consistent tax landscape within the region. Understanding how these areas compare with Coburg 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 Coburg Tax Rate
0.74%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coburg, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97408 | 0.48% | 0.63% | 0.74% | 0.76% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Coburg, Oregon
In Coburg, 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 Coburg, 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 Coburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Coburg are both $3,743, with the zip code 97408.
Average Coburg Assessed Value
$494,714
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 Coburg, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97408 | $193,056 | $294,275 | $494,714 | $1,171,136 | $5,064,660 |
Source: Ownwell
Property Tax Bills Across Coburg, Oregon
In Coburg, Lane County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For homeowners in Coburg, the median home price stands at $494,714. Property tax bills show significant variation, with the 25th percentile at $1,846, the 75th percentile at $8,671, and the 90th percentile reaching up to $20,678. Several factors influence the assessed value, including the property's market value, improvements made, and any applicable exemptions. Homeowners in Coburg face a median property tax bill of $3,743 in the 97408 zip code, which is considerably higher than the national median property tax rate of 0.99%. This higher tax bill can impact household budgets, making it essential for homeowners to understand their property's assessed value and explore potential exemptions to manage their tax obligations effectively.
Average Coburg Tax Bill
$3,743
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Coburg, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97408 | $1,528 | $1,846 | $3,743 | $8,671 | $20,678 |
Source: Ownwell