Eagle Creek, Oregon Property Taxes
The median property tax rate in Eagle Creek, OR is 0.67%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Eagle Creek, the typical annual property tax bill reaches $3,288, surpassing the national median of $2,690. Property taxes in Eagle Creek 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 Eagle Creek'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 Eagle Creek 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
Eagle Creek, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$3,378
Ownwell’s Eagle Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagle Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagle Creek 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 Eagle Creek, Oregon
Property taxes in Eagle Creek, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle Creek is 0.67%, lower than both the Oregon state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Eagle Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle Creek 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 Eagle Creek's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97022 zip code has the highest median property tax rate of 0.67%, while the 97022 zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Eagle Creek 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 Eagle Creek 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 Eagle Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97022 | 0.45% | 0.58% | 0.67% | 0.74% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Creek, Oregon
In Eagle Creek, 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 Eagle Creek, 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 Eagle Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eagle Creek is $504,168, with the 25th percentile tax bill at $2,047 and the 75th percentile tax bill at $4,686. The highest and lowest median tax bills are both $3,288 in zip code 97022.
Average Eagle Creek Assessed Value
$504,168
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 Eagle Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97022 | $27,772 | $293,146 | $504,168 | $725,668 | $989,719 |
Source: Ownwell
Property Tax Bills Across Eagle Creek, Oregon
Property tax bills in Eagle Creek, located in Clackamas County, OR, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by county assessors and is often lower than the market value. Various factors, including property size, location, and improvements, influence the assessed value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, the 25th percentile of tax bills in Eagle Creek is around $2,047, while the 75th percentile reaches $4,686. Comparatively, the national median property tax rate is 0.99%. Homeowners in Eagle Creek with properties in the 90th percentile face tax bills as high as $6,375. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Eagle Creek Tax Bill
$3,288
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Creek, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97022 | $526 | $2,047 | $3,288 | $4,686 | $6,375 |
Source: Ownwell