Woodburn, Oregon Property Taxes
The median property tax rate in Woodburn, OR is 0.95%, slightly lower than the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Woodburn at $341,400, the typical annual property tax bill reaches $3,162, surpassing the national median of $2,690. Property taxes in Woodburn are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Woodburn'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 Woodburn 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
Woodburn, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$3,243
Ownwell’s Woodburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodburn 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 Woodburn, Oregon
Property taxes in Woodburn, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodburn is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Woodburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodburn 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 Woodburn's effective property tax rate to other areas in Marion County and the national median. For comparison, the 97071 zip code has both the highest and lowest median property tax rates at 0.95%. Understanding how these areas compare with Woodburn provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Woodburn Tax Rate
0.95%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97071 | 0.64% | 0.83% | 0.95% | 1.04% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Woodburn, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Woodburn, 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 Marion 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. 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 Woodburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Woodburn is $341,400, with the highest and lowest median tax bills both recorded at $3,162 in the 97071 zip code.
Average Woodburn Assessed Value
$341,400
Average Marion County Assessed Value
$390,390
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Woodburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97071 | $147,500 | $268,260 | $341,400 | $442,530 | $549,150 |
Source: Ownwell
Property Tax Bills Across Woodburn, Oregon
Property tax bills in Woodburn, Marion County, OR, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Woodburn is $341,400, which provides a benchmark for understanding local property tax obligations. Homeowners in the 25th percentile can expect to pay around $2,315 annually, while those in the 75th percentile might see bills closer to $4,239. At the higher end, the 90th percentile tax bills can reach up to $5,363. These figures are reflective of the property values and tax rates specific to Woodburn, which can vary significantly from the national median property tax rate of 0.99%. For homeowners, these taxes are a significant annual expense and can influence decisions about purchasing or retaining property within the area.
Average Woodburn Tax Bill
$3,162
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97071 | $1,316 | $2,315 | $3,162 | $4,239 | $5,363 |
Source: Ownwell