Milwaukie, Oregon Property Taxes
The median property tax rate in Milwaukie, OR is 0.95%, slightly below the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Milwaukie at $446,102, the typical annual property tax bill reaches $4,234, significantly surpassing the national median of $2,690. Property taxes in Milwaukie 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 Milwaukie'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 Milwaukie 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
Milwaukie, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$4,238
$3,933
Ownwell’s Milwaukie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milwaukie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milwaukie 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 Milwaukie, Oregon
Property taxes in Milwaukie, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milwaukie is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Milwaukie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milwaukie 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 Milwaukie's effective property tax rate to other areas in Clackamas County and the national median. For comparison, the 97222 zip code has the highest median property tax rate of 0.95%, while the 97267 zip code has the lowest median tax rate of 0.87%. Understanding how these areas compare with Milwaukie 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 Milwaukie Tax Rate
0.95%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milwaukie, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97222 | 0.80% | 0.85% | 0.95% | 1.03% | 1.16% |
| 97267 | 0.79% | 0.82% | 0.87% | 0.92% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Milwaukie, Oregon
In Milwaukie, 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 Milwaukie, 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 Milwaukie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Milwaukie is $6,157 in the 97267 zip code, while the lowest is $4,216 in the 97222 zip code.
Average Milwaukie Assessed Value
$446,102
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 Milwaukie, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97222 | $329,622 | $380,168 | $444,982 | $543,217 | $655,524 |
| 97267 | $716,468 | $726,136 | $742,250 | $779,027 | $801,093 |
Source: Ownwell
Property Tax Bills Across Milwaukie, Oregon
In Milwaukie, located in Clackamas County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is generally lower than the market value and is influenced by factors such as property size, location, and improvements. The tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Milwaukie can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $3,337, while at the 75th percentile, it rises to approximately $5,313. The highest median tax bill recorded is $6,157 in the 97267 zip code, whereas the lowest median tax bill is $4,216 in the 97222 zip code. These variations affect homeowners differently, with higher-valued properties incurring larger tax bills. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Milwaukie Tax Bill
$4,234
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Milwaukie, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97222 | $2,736 | $3,321 | $4,216 | $5,239 | $6,284 |
| 97267 | $5,781 | $5,922 | $6,157 | $7,047 | $7,582 |
Source: Ownwell