Beavercreek, Oregon Property Taxes
The median property tax rate in Beavercreek, Oregon is 0.64%, which is notably lower than both the national median of 0.99% and Oregon's state median of 0.86%. With a median home value of $655,325 in Beavercreek, the typical annual property tax bill reaches $3,990, surpassing the national median of $2,690. Property taxes in Beavercreek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beavercreek'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 Beavercreek 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
Beavercreek, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$4,194
$3,892
Ownwell’s Beavercreek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beavercreek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beavercreek 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 Beavercreek, Oregon
Property taxes in Beavercreek, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beavercreek is 0.92%, which is lower than the Oregon state median of 1.02% but slightly below the U.S. national median of 0.99%. Local government entities within Beavercreek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beavercreek 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 Beavercreek's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in the county is also 0.92%, while the lowest median tax rate is similarly 0.92%. Understanding how these cities compare with Beavercreek 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 Beavercreek Tax Rate
0.64%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beavercreek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97004 | 0.42% | 0.54% | 0.64% | 0.73% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Beavercreek, Oregon
In Beavercreek, 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 Beavercreek, 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 Beavercreek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $3,990, found in zip code 97004.
Average Beavercreek Assessed Value
$655,325
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 Beavercreek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97004 | $284,458 | $440,566 | $655,325 | $887,400 | $1,192,489 |
Source: Ownwell
Property Tax Bills Across Beavercreek, Oregon
In Beavercreek, Clackamas 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 often lower than the market value and is influenced by factors such as the property's size, location, and condition. The local tax rate, which is applied to the assessed value, plays a crucial role in determining the final tax bill. Homeowners in Beavercreek experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $2,757, while at the 75th percentile, it rises to $5,425. The tax bill at the 90th percentile can reach up to $7,477. These variations highlight the impact of property value assessments and local tax rates on the amount homeowners are required to pay. Compared to the national median property tax rate of 0.99%, Beavercreek's property tax bills reflect the specific economic and property market conditions of the area. Understanding these factors can help homeowners anticipate their financial obligations more accurately.
Average Beavercreek Tax Bill
$3,990
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Beavercreek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97004 | $1,416 | $2,757 | $3,990 | $5,425 | $7,477 |
Source: Ownwell