Rhododendron, Oregon Property Taxes
The median property tax rate in Rhododendron, OR is 0.68%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $429,814 in Rhododendron, the typical annual property tax bill amounts to $2,975, surpassing the national median of $2,690. Property taxes in Rhododendron are based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rhododendron'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 Rhododendron or another part of Clackamas County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rhododendron, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$2,923
$2,712
Ownwell’s Rhododendron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rhododendron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rhododendron 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 Rhododendron, Oregon
Property taxes in Rhododendron, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rhododendron is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Rhododendron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rhododendron 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 Rhododendron's effective property tax rate to other regions in Clackamas County and the national median. For comparison, the zip code 97049 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Rhododendron 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 Rhododendron Tax Rate
0.68%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rhododendron, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97049 | 0.55% | 0.62% | 0.68% | 0.73% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Rhododendron, Oregon
In Rhododendron, 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 Rhododendron, 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. Notably, the zip code 97049 has both the highest and lowest median tax bill, standing at $2,975. 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 Rhododendron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rhododendron, Oregon
Source: Ownwell
$83,950
$1,048,733
$2,013,515
Average Rhododendron Assessed Value
$429,814
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 Rhododendron, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97049 | $213,745 | $320,355 | $429,814 | $573,044 | $769,741 |
Source: Ownwell
Property Tax Bills Across Rhododendron, Oregon
In Rhododendron, located in Clackamas County, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is often lower than the market value, reflecting the property's taxable worth rather than its potential sale price. The tax rate applied to this assessed value is influenced by various factors, including local government budgets, school funding needs, and infrastructure requirements. For homeowners in Rhododendron, property tax bills can vary significantly. The 25th percentile tax bill stands at $2,061, while the 75th percentile reaches $3,930. At the higher end, the 90th percentile tax bill is $5,075. These figures reflect the range of tax burdens homeowners might experience, with the median tax bill in the 97049 zip code being $2,975, which is notably higher than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Rhododendron Tax Bill
$2,975
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Rhododendron, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97049 | $1,316 | $2,061 | $2,975 | $3,930 | $5,075 |
Source: Ownwell