Happy Valley, Clackamas County, Oregon Property Taxes

Name: Property Tax Bills Across Happy Valley, Clackamas County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Happy Valley, OR effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Happy Valley, OR home value: $679,439
Median annual Happy Valley, OR tax bill: $7,531, $5,131 higher than the national median property tax bill of $2,400.

How are property taxes in Clackamas County calculated?

Property taxes in Happy Valley, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Happy Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Happy Valley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Happy Valley, Clackamas County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$7,406

$6,872

Ownwell’s Happy Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Happy Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Happy Valley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clackamas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Happy Valley, Clackamas County, Oregon

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Happy Valley’s effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S.

Happy Valley, located in Clackamas County, has a median property tax rate of 1.09%, which aligns with the county's lowest rate. This rate is slightly above the national median property tax rate of 1.02%. The highest median tax rate in Clackamas County is 1.27%, found in the 97015 ZIP code. Understanding these rates can help you make informed decisions about property ownership in Happy Valley and the broader Oregon area.

Property Tax Rates Across Happy Valley, Clackamas County, Oregon

Source: Ownwell

0.46%

0.86%

1.27%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Happy Valley Tax Rate

1.09%

Median Effective Clackamas County Tax Rate

0.92%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Happy Valley, Clackamas County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97015	1.22%	1.27%	1.27%	1.28%	1.28%
97086	0.93%	1.02%	1.09%	1.20%	1.26%
97089	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Happy Valley, Clackamas County, Oregon

When examining property taxes in Happy Valley, OR, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clackamas County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Clackamas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Happy Valley. For example, the median home price in Happy Valley is $679,439, with tax bills ranging significantly across the county. 97086 has the highest median home price at $680,738.

Property Tax Assessment Values Across Happy Valley, Clackamas County, Oregon

Source: Ownwell

$333,702

$711,480

$1,089,258

Median Happy Valley Market Value

$679,439

Median Clackamas County Market Value

$564,773

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Happy Valley, Clackamas County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97015	$313,362	$316,232	$333,702	$366,132	$370,317
97086	$411,811	$535,994	$680,738	$865,032	$1,116,015
97089	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Happy Valley, Clackamas County, Oregon

In Happy Valley, located in Clackamas County, OR, property tax bills are calculated based on the assessed value of a home, which often differs from its market value. The assessed value is determined by local tax authorities and is influenced by factors such as property size, location, and improvements. Homeowners in this area face a substantial property tax burden, with the median tax bill significantly higher than the national median of $2400. For instance, in the zip code 97086, the highest median tax bill reaches $7559, while the lowest in zip code 97015 is still a notable $4334. Such high tax bills can strain homeowners' finances, making it crucial to explore potential savings. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners navigate the complexities of tax assessments. By leveraging Ownwell's services, homeowners can potentially reduce their property tax bills, ensuring they only pay their fair share. This assistance can lead to significant savings, easing the financial burden on local residents.

Property Tax Bills Across Happy Valley, Clackamas County, Oregon

Source: Ownwell

$1,842

$6,949

$12,055

Median Happy Valley Tax Bill

$7,531

Median Clackamas County Tax Bill

$5,006

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Happy Valley, Clackamas County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97015	$3,985	$4,009	$4,334	$4,695	$4,763
97086	$4,300	$5,789	$7,559	$9,948	$12,507
97089	N/A	N/A	N/A	N/A	N/A

Source: Ownwell