Alsea, Benton County, Oregon Property Taxes
The median property tax rate in Alsea, OR is 0.58%, significantly lower than both the national median of 0.99% and Oregon's state median of 0.86%. With a median home value of $241,820 in Alsea, the typical annual property tax bill amounts to $1,367, which is 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 such as those for primary residences and agricultural properties. Understanding Alsea's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Alsea or another part of the county, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alsea, Benton County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,403
$1,302
Ownwell’s Alsea Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to 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 Benton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alsea, Benton County, Oregon
Property taxes in Alsea, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alsea is 0.58%, which is lower than 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 areas and the national median. For comparison, the zip code 97324 has both the highest and lowest median property tax rate of 0.58%. Understanding how these figures compare with Alsea provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alsea Tax Rate
0.58%
Average Benton County Tax Rate
0.99%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alsea, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97324 | 0.34% | 0.45% | 0.58% | 0.74% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Alsea, Benton County, 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 Benton 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. Being aware of these valuation processes in Alsea helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alsea is $241,820, with the highest and lowest median tax bills both at $1,367 in the 97324 zip code.
Property Tax Assessment Values Across Alsea, Benton County, Oregon
Source: Ownwell
$241,820
$377,300
$512,780
Average Alsea Assessed Value
$241,820
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 Alsea, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97324 | $6,915 | $64,690 | $241,820 | $368,275 | $494,549 |
Source: Ownwell
Property Tax Bills Across Alsea, Benton County, Oregon
In Alsea, Benton County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $241,820, homeowners can expect varying tax bills depending on specific assessments and applicable exemptions. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any exemptions for which the homeowner might qualify. Tax bills in Alsea can range significantly, with the 25th percentile at approximately $708 and the 75th percentile reaching up to $2,206. At the 90th percentile, tax bills can be as high as $2,895. This variability highlights the importance of accurate property assessments and understanding local tax regulations. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services. While the median tax bill stands at $1,367, it's crucial for homeowners to stay informed about their property assessments to ensure fair taxation.
Average Alsea Tax Bill
$1,367
Average Benton County Tax Bill
$4,711
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Alsea, Benton County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97324 | $246 | $708 | $1,367 | $2,206 | $2,895 |
Source: Ownwell