Aurora, Oregon Property Taxes
The median property tax rate in Aurora, OR is 0.70%, lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Aurora at $982,336, the typical annual property tax bill reaches $5,914, significantly higher than the national median of $2,690. Property taxes in Aurora are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Aurora'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 Aurora or another part of Clackamas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aurora, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, Oregon
Property taxes in Aurora, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 0.70%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97002 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Aurora provides valuable insights into the varying tax landscape across Clackamas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
0.70%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97002 | 0.29% | 0.51% | 0.70% | 0.78% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Oregon
In Aurora, 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 Clackamas 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 Aurora, 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 Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Aurora’s zip code 97002 has both the highest and lowest median tax bills at $5,914.
Average Aurora Assessed Value
$982,336
Average Clackamas County Assessed Value
$564,773
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97002 | $480,435 | $706,568 | $982,336 | $1,494,845 | $2,131,019 |
Source: Ownwell
Property Tax Bills Across Aurora, Oregon
In Aurora, located in Clackamas County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is typically lower than the market value and is adjusted annually to reflect changes in the real estate market. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, Aurora's median home price stands at $982,336, which can result in varying tax bills. The 25th percentile tax bill is around $3,874, while the 75th percentile reaches $9,173. At the higher end, the 90th percentile tax bill can go up to $14,714. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by supporting community well-being and property values. Understanding how these taxes are calculated helps homeowners plan and manage their annual expenses effectively.
Average Aurora Tax Bill
$5,914
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97002 | $2,213 | $3,874 | $5,914 | $9,173 | $14,714 |
Source: Ownwell