Marylhurst, Oregon Property Taxes
The median property tax rate in Marylhurst, OR is 0.99%, aligning with the national median but surpassing the Oregon state median of 0.86%. With a median home value of $307,257 in Marylhurst, the typical annual property tax bill amounts to $1,717, which is below the national median of $2,690. Property taxes in Marylhurst are determined based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a comprehensive understanding of Marylhurst's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in Marylhurst or another part of Clackamas County, familiarizing yourself with the local property tax system can be highly beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Marylhurst, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$3,042
Ownwell’s Marylhurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marylhurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marylhurst 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 Marylhurst, Oregon
Property taxes in Marylhurst, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marylhurst is 0.99%, which aligns with both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Marylhurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marylhurst 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 Marylhurst's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97036 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Marylhurst 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 Marylhurst Tax Rate
0.99%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marylhurst, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97036 | 0.98% | 0.98% | 0.99% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Marylhurst, Oregon
In Marylhurst, 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 Marylhurst, 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 Marylhurst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Marylhurst are both $1717 in the 97036 zip code.
Average Marylhurst Assessed Value
$307,257
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 Marylhurst, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97036 | $157,287 | $247,490 | $307,257 | $773,152 | $24,261,036 |
Source: Ownwell
Property Tax Bills Across Marylhurst, Oregon
In Marylhurst, Clackamas County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $307,257, homeowners can expect varying tax bills based on their property's specific assessed value. Factors such as location, property size, and any improvements or renovations can influence this assessed value. The tax bill can range significantly, with the 25th percentile at $1,332 and the 75th percentile at $2,101. The highest median tax bill recorded in the area is $1,717, which aligns with the zip code 97036. Compared to the national median property tax rate of 0.99%, homeowners in Marylhurst experience a comparable burden. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Marylhurst Tax Bill
$1,717
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Marylhurst, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97036 | $1,102 | $1,332 | $1,717 | $2,101 | $2,332 |
Source: Ownwell