Mount Angel, Oregon Property Taxes
The median property tax rate in Mount Angel, OR is 0.56%, notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Mount Angel at $708,470, the typical annual property tax bill reaches $3,082, surpassing the national median of $2,690. Property taxes in Mount Angel 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 Mount Angel'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 Mount Angel 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
Mount Angel, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,967
Ownwell’s Mount Angel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Angel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Angel 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 Mount Angel, Oregon
Property taxes in Mount Angel, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Angel is 0.56%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Mount Angel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Angel 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 Mount Angel's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97362 has both the highest and lowest median property tax rate of 0.56%, emphasizing the uniformity within this area. Understanding how these cities compare with Mount Angel 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 Mount Angel Tax Rate
0.56%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Angel, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97362 | 0.34% | 0.46% | 0.56% | 0.63% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Mount Angel, Oregon
In Mount Angel, 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 Mount Angel, 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. The median home price in Mount Angel is $708,470, with tax bills ranging from $2,254 at the 25th percentile to $6,389 at the 90th percentile. Being aware of these valuation processes in Mount Angel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Angel Assessed Value
$708,470
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 Mount Angel, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97362 | $342,446 | $486,626 | $708,470 | $890,624 | $1,236,693 |
Source: Ownwell
Property Tax Bills Across Mount Angel, Oregon
In MOUNT ANGEL, property tax bills are calculated based on the assessed value of your home, which is determined by the local county assessor. This value is often lower than the market value. The property tax rate in Clackamas County is applied to this assessed value to determine the annual tax bill. Various factors like improvements to the property, changes in the local tax rate, and any applicable exemptions or deductions can influence the final amount. For homeowners in MOUNT ANGEL, the property tax bill can vary significantly. The 25th percentile tax bill is $2,254, while the 75th percentile reaches $4,378. At the 90th percentile, homeowners might pay up to $6,389 annually. These figures highlight the disparity in tax burdens among residents. With a median home price of $708,470, understanding how these taxes are calculated is crucial for financial planning. Compared to the national median property tax rate of 0.99%, the rates in MOUNT ANGEL can impact homeowners differently, depending on their property's assessed value and applicable exemptions.
Average Mount Angel Tax Bill
$3,082
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Angel, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97362 | $1,542 | $2,254 | $3,082 | $4,378 | $6,389 |
Source: Ownwell