Benton County, Oregon Property Taxes
The median property tax rate in Benton County is 0.99%, which aligns with the national median of 0.99% but is notably higher than Oregon's state median of 0.86%. With a median home value of $469,320 in Benton County, the typical annual property tax bill amounts to $4,711, surpassing the national median of $2,690. Property taxes in Benton County are determined based on the tax assessed value, which is often lower than the actual market value due to various exemptions like those for primary residences and agricultural properties. Understanding the specifics of Benton County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial annual savings. Whether you reside in Corvallis or another part of Benton County, having a thorough grasp of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Benton County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$4,646
$4,312
Ownwell’s Benton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Benton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Benton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Benton County, Oregon
Property taxes in Benton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Benton County is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Benton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Benton County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Benton County's effective property tax rate with other areas in Oregon and the national median. For comparison, the city of Benton County has one of the higher property tax rates in Oregon at 1.02%, while the city of Junction City boasts one of the lowest at 0.56%. Analyzing how Benton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Benton County Tax Rate
0.99%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benton County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair Village | 0.23% | 0.61% | 0.84% | 0.93% | 0.98% |
| Albany | 0.71% | 0.88% | 1.01% | 1.12% | 1.19% |
| Alsea | 0.34% | 0.45% | 0.58% | 0.74% | 1.14% |
| Benton County | N/A | N/A | N/A | N/A | N/A |
| Blodgett | 0.47% | 0.57% | 0.69% | 0.81% | 1.19% |
| Corvallis | 0.74% | 0.88% | 1.01% | 1.12% | 1.21% |
| Junction City | 0.49% | 0.53% | 0.56% | 0.70% | 1.06% |
| Monmouth | 0.48% | 0.56% | 0.66% | 0.82% | 0.94% |
| Monroe | 0.35% | 0.49% | 0.63% | 0.76% | 0.94% |
| Philomath | 0.55% | 0.76% | 0.96% | 1.14% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Benton County, Oregon
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Benton County, Oregon. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Benton County Appraisal District. The assessed value, however, 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 in Benton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Benton County's property tax landscape varies significantly, with Albany having the highest median tax bill at $5,112 and Alsea the lowest at $1,367. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Benton County Assessed Value
$469,320
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benton County, Oregon
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair Village | $311,660 | $359,180 | $432,740 | $479,142 | $548,775 |
| Albany | $363,490 | $431,365 | $512,780 | $629,640 | $786,446 |
| Alsea | $6,915 | $64,690 | $241,820 | $368,275 | $494,549 |
| Benton County | N/A | N/A | N/A | N/A | N/A |
| Blodgett | $26,184 | $58,200 | $267,520 | $414,995 | $542,492 |
| Corvallis | $269,881 | $384,450 | $474,930 | $596,240 | $750,452 |
| Junction City | $5,716 | $93,610 | $348,270 | $456,135 | $617,322 |
| Monmouth | $29,429 | $78,695 | $300,485 | $489,030 | $641,990 |
| Monroe | $51,609 | $217,158 | $341,365 | $495,955 | $658,456 |
| Philomath | $88,112 | $285,530 | $397,770 | $552,135 | $726,914 |
Source: Ownwell
Property Tax Bills Across Benton County, Oregon
In Benton County, Oregon, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is often lower than the market value and is adjusted annually to account for changes in the real estate market. The tax rate is then applied to the assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and improvements. For instance, the median home price in Benton County is $469,320, leading to a variety of tax bills across the region. Homeowners in the county can expect tax bills ranging from $3,504 at the 25th percentile to $7,806 at the 90th percentile. The highest median tax bill in the county is found in Albany at $5,112, while Alsea has the lowest at $1,367. Compared to the national median property tax rate of 0.99%, Benton County's rates can significantly impact homeowners, making it crucial for them to understand how these taxes are calculated and what they can expect to pay annually.
Average Benton County Tax Bill
$4,711
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Benton County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair Village | $1,198 | $2,000 | $3,312 | $3,954 | $4,464 |
| Albany | $3,334 | $4,232 | $5,112 | $6,252 | $7,597 |
| Alsea | $246 | $708 | $1,367 | $2,206 | $2,895 |
| Benton County | N/A | N/A | N/A | N/A | N/A |
| Blodgett | $240 | $990 | $2,130 | $2,986 | $3,874 |
| Corvallis | $2,918 | $3,726 | $4,894 | $6,317 | $8,059 |
| Junction City | $1,259 | $1,748 | $2,242 | $2,990 | $3,899 |
| Monmouth | $290 | $1,696 | $2,514 | $3,768 | $5,014 |
| Monroe | $759 | $1,344 | $2,199 | $3,205 | $4,507 |
| Philomath | $1,217 | $2,798 | $3,937 | $5,492 | $7,428 |
Source: Ownwell