Mulino, Oregon Property Taxes
The median property tax rate in Mulino, OR is 0.56%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Mulino, the typical annual property tax bill reaches $3,302, exceeding the national median of $2,690. Property taxes in Mulino 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 Mulino'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 Mulino 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
Mulino, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,464
$3,214
Ownwell’s Mulino Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mulino with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mulino 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 Mulino, Oregon
Property taxes in Mulino, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mulino is 0.56%, lower than the U.S. national median of 0.99%. Local government entities within Mulino set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mulino 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 Mulino's effective property tax rate to other areas in Clackamas County and the national median. For comparison, the zip code 97042 has both the highest and lowest median property tax rate of 0.56%. Understanding how these areas compare with Mulino 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 Mulino 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 Mulino, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97042 | 0.40% | 0.48% | 0.56% | 0.63% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Mulino, Oregon
In Mulino, 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 Assessment and Taxation Department 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 Mulino, 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 Mulino helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Mulino is 97042, with a median tax bill of $3,302.
Average Mulino Assessed Value
$618,560
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 Mulino, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97042 | $195,935 | $434,856 | $618,560 | $865,670 | $1,205,586 |
Source: Ownwell
Property Tax Bills Across Mulino, Oregon
In Mulino, property tax bills are calculated based on the assessed value of a home, which is determined by the Clackamas County Assessor's Office. This assessed value is often lower than the market value and is adjusted annually. The tax rate applied to this assessed value determines the final tax bill. In Mulino, the median home price is $618,560, and property tax bills can vary significantly. For example, at the 25th percentile, homeowners might pay around $2,283, while those at the 75th percentile could see bills up to $4,750. At the 90th percentile, tax bills can reach as high as $6,636. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly affecting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Mulino's rates can be more or less depending on the specific assessed value and applicable exemptions, impacting each homeowner differently.
Average Mulino Tax Bill
$3,302
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Mulino, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97042 | $1,167 | $2,283 | $3,302 | $4,750 | $6,636 |
Source: Ownwell