Colton, Oregon Property Taxes
The median property tax rate in Colton, OR is 0.55%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Colton at $518,954, the typical annual property tax bill reaches $2,713, slightly below the national median of $2,690. Property taxes in Colton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Colton'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 Colton 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
Colton, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,854
$2,649
Ownwell’s Colton Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Colton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Colton to provide an accurate estimate of your property tax bill. This invaluable resource helps you anticipate potential tax liabilities and plan your finances accordingly. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by Clackamas County and includes any applicable exemptions, ensuring a precise calculation for your tax obligations.
Property Tax Rates Across Colton, Oregon
Property taxes in Colton, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colton is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Colton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colton 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 Colton's effective property tax rate to other areas in Clackamas County and the national median. For comparison, the zip code 97017 has both the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with Colton 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 Colton Tax Rate
0.55%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97017 | 0.35% | 0.46% | 0.55% | 0.61% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Colton, Oregon
In Colton, 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 Colton, 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 Colton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Colton is $2,713 in zip code 97017, while the lowest is also $2,713 in the same zip code.
Average Colton Assessed Value
$518,954
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 Colton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97017 | $142,324 | $385,240 | $518,954 | $691,445 | $875,857 |
Source: Ownwell
Property Tax Bills Across Colton, Oregon
In Colton, located in Clackamas County, OR, property tax bills are calculated based on the assessed value of your property, which is determined by the county assessor's office. The assessed value is typically lower than the market value and is adjusted annually to reflect changes in the local real estate market. The tax rate is then applied to this assessed value to determine your tax bill. Several factors influence the total tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Colton is $518,954, and property tax bills vary widely. Homeowners in the 25th percentile pay around $1,852, while those in the 75th percentile face bills of approximately $3,652. At the 90th percentile, the tax bill can reach up to $4,787. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. While Colton's property tax rates may be higher than the national median of 0.99%, they ensure that essential community services are adequately supported.
Average Colton Tax Bill
$2,713
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Colton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97017 | $959 | $1,852 | $2,713 | $3,652 | $4,787 |
Source: Ownwell