Brightwood, Oregon Property Taxes
The median property tax rate in Brightwood, OR is 0.67%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $453,018 in Brightwood, the typical annual property tax bill amounts to $3,135, surpassing the national median of $2,690. Property taxes in Brightwood are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Brightwood'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 Brightwood 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
Brightwood, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$3,035
Ownwell’s Brightwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brightwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brightwood 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 Brightwood, Oregon
Property taxes in Brightwood, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brightwood is 0.67%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Brightwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brightwood 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 Brightwood's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97011 has both the highest and lowest median property tax rate of 0.67%. Understanding how these areas compare with Brightwood 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 Brightwood Tax Rate
0.67%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brightwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97011 | 0.57% | 0.62% | 0.67% | 0.73% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Brightwood, Oregon
In Brightwood, 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 Brightwood, 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 Brightwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,135, found in zip code 97011.
Average Brightwood Assessed Value
$453,018
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 Brightwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97011 | $217,915 | $319,547 | $453,018 | $592,941 | $779,348 |
Source: Ownwell
Property Tax Bills Across Brightwood, Oregon
In Brightwood, located in Clackamas County, OR, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For instance, the median home price in Brightwood is $453,018. Homeowners in the 25th percentile can expect a tax bill around $2,020, while those in the 75th percentile might see bills closer to $4,070. At the 90th percentile, tax bills can reach up to $5,326. Various factors influence the assessed value, including market conditions, property improvements, and neighborhood trends. The highest and lowest median tax bills in the area both stand at $3,135, indicating a uniformity in tax assessments across different parts of the city. Compared to the national median property tax rate of 0.99%, Brightwood's tax rates reflect the local real estate values and municipal budget requirements, significantly impacting homeowners' financial planning and overall cost of living.
Average Brightwood Tax Bill
$3,135
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Brightwood, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97011 | $1,405 | $2,020 | $3,135 | $4,070 | $5,326 |
Source: Ownwell