Philomath, Benton County, Oregon Property Taxes

Name: Property Tax Bills Across Philomath, Benton County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median PHILOMATH, OR effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but higher than the Oregon state median of 0.86%.
Median PHILOMATH, OR home value: $397,770
Median annual PHILOMATH, OR tax bill: $3,937, $1,537 higher than the national median property tax bill of $2,400.

How are property taxes in Benton calculated?

Property taxes in PHILOMATH, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding PHILOMATH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PHILOMATH, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Philomath, Benton County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$3,819

$3,544

Ownwell’s Philomath Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Philomath with just two data points. By entering your property's estimated assessed value, our calculator applies Philomath’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Philomath, Benton County, Oregon

Local government entities determine property tax rates, which can differ significantly within a state. Annually, each county, such as Benton County, estimates its budget requirements to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Philomath, located in Benton County, the effective property tax rate stands at 0.96%, which aligns with the highest and lowest median tax rates in the area. This is slightly below the national median property tax rate of 1.02%. Comparing these figures provides valuable insights into how Philomath's property tax obligations stack up against those in other cities within Oregon and the broader U.S. Understanding these differences can help property owners make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Philomath, Benton County, Oregon

Source: Ownwell

0.56%

0.79%

1.02%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Philomath Tax Rate

0.96%

Median Effective Benton County Tax Rate

0.99%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Philomath, Benton County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97370	0.55%	0.76%	0.96%	1.14%	1.27%

Source: Ownwell

Property Tax Assessment Values Across Philomath, Benton County, Oregon

When examining property taxes in Philomath, Oregon, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Benton County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Benton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Philomath. For example, the median home price in Philomath is $397,770, with tax bills ranging significantly across the county. Zip code 97370 has the highest median home price at $397,770.

Property Tax Assessment Values Across Philomath, Benton County, Oregon

Source: Ownwell

$241,820

$377,300

$512,780

Median Philomath Market Value

$397,770

Median Benton County Market Value

$469,320

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Philomath, Benton County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97370	$88,112	$285,530	$397,770	$552,135	$726,914

Source: Ownwell

Property Tax Bills Across Philomath, Benton County, Oregon

In Philomath, located in Benton 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 determine the tax bill. In Philomath, the median property tax bill is $3,937, which is significantly higher than the national median of $2,400. Factors such as property improvements or changes in market conditions can influence the assessed value, impacting the amount homeowners owe. Higher property tax bills can place a financial burden on homeowners, especially when they exceed the national median. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially lower their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in appealing their tax bills, ensuring they are fair and accurate. This service can lead to substantial savings, alleviating the financial pressure associated with high property taxes.

Property Tax Bills Across Philomath, Benton County, Oregon

Source: Ownwell

$1,367

$3,240

$5,112

Median Philomath Tax Bill

$3,937

Median Benton County Tax Bill

$4,711

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Philomath, Benton County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97370	$1,217	$2,798	$3,937	$5,492	$7,428

Source: Ownwell