Oregon City, Oregon Property Taxes
The median property tax rate in Oregon City, OR is 0.87%, slightly lower than the national median of 0.99% but just above the Oregon state median of 0.86%. With a median home value of $557,647 in Oregon City, the typical annual property tax bill reaches $4,743, significantly exceeding the national median of $2,690. Property taxes in Oregon City 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 Oregon City'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 Oregon City or another part of Clackamas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oregon City, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$4,852
Ownwell’s Oregon City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oregon City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oregon City 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 Oregon City, Oregon
Property taxes in Oregon City, OR, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oregon City is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Oregon City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oregon City 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 Oregon City's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97045 has both the highest and lowest median property tax rate in the area, standing at 0.87%. Understanding how these cities compare with Oregon City 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 Oregon City Tax Rate
0.87%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oregon City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97045 | 0.60% | 0.72% | 0.87% | 0.99% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Oregon City, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oregon City, OR. 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 Oregon City, 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. With the median home price in Oregon City at $557,647, the tax bills range significantly. The 25th percentile tax bill is $3,608, while the 75th percentile tax bill is $6,132. The highest median tax bill in the area is $4,743, found in zip code 97045, which also has the lowest median tax bill. Understanding these valuation processes in Oregon City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oregon City Assessed Value
$557,647
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 Oregon City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97045 | $311,979 | $440,746 | $557,647 | $714,884 | $970,561 |
Source: Ownwell
Property Tax Bills Across Oregon City, Oregon
In Oregon City, located in Clackamas County, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price in Oregon City is $557,647. The assessed value is then multiplied by the local tax rate to determine the total tax bill. Various factors influence the tax bill, including property improvements, changes in market conditions, and local government budget needs. For homeowners in Oregon City, the property tax burden can vary significantly. The 25th percentile tax bill is $3,608, while the 75th percentile tax bill reaches $6,132, and the 90th percentile tax bill can go up to $7,621. Comparatively, the highest and lowest median tax bills in the area are both $4,743, which aligns with the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Oregon City Tax Bill
$4,743
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Oregon City, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97045 | $2,308 | $3,608 | $4,743 | $6,132 | $7,621 |
Source: Ownwell