Wheeler, Oregon Property Taxes
The median property tax rate in Wheeler, OR is 0.74%, which is lower than both the national median of 0.99% and Oregon's state median of 0.86%. With a median home value of $383,395 in Wheeler, the typical annual property tax bill amounts to $2,745, slightly below the national median of $2,690. Property taxes in Wheeler are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Wheeler'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 Wheeler 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
Wheeler, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,837
Ownwell’s Wheeler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheeler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheeler 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 Wheeler, Oregon
Property taxes in Wheeler, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wheeler is 0.74%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Wheeler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wheeler 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 Wheeler's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97147 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Wheeler provides valuable insights into the varying tax landscape across Tillamook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wheeler Tax Rate
0.74%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wheeler, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97147 | 0.56% | 0.64% | 0.74% | 0.84% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Wheeler, Oregon
In Wheeler, 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 Tillamook 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 Wheeler, 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. The median home price in Wheeler is $383,395. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest and lowest median tax bill is 97147, both at $2,745. Being aware of these valuation processes in Wheeler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wheeler Assessed Value
$383,395
Average Tillamook County Assessed Value
$397,740
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wheeler, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97147 | $185,496 | $262,288 | $383,395 | $513,848 | $636,574 |
Source: Ownwell
Property Tax Bills Across Wheeler, Oregon
In Wheeler, OR, property tax bills are calculated based on the assessed value of the home, which is determined by the local county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the property's market value, improvements made, and any applicable exemptions or abatements can influence the assessed value. For homeowners in Wheeler, the median home price stands at $383,395. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,065 and the 75th percentile at $3,696. The 90th percentile tax bill reaches up to $4,480. These figures indicate that while some homeowners may pay below the national median property tax rate of 0.99%, others may find their tax bills considerably higher. The impact on homeowners is substantial, as property taxes are a recurring expense that must be factored into the overall cost of homeownership. Understanding how these taxes are calculated can help homeowners better manage their financial planning and take advantage of any available exemptions.
Average Wheeler Tax Bill
$2,745
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheeler, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97147 | $1,628 | $2,065 | $2,745 | $3,696 | $4,480 |
Source: Ownwell