Sandy, Oregon Property Taxes
The median property tax rate in Sandy, OR is 0.80%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Sandy, the typical annual property tax bill reaches $3,768, significantly higher than the national median of $2,690. Property taxes in Sandy 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 Sandy'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 Sandy 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
Sandy, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$3,674
Ownwell’s Sandy Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sandy. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sandy to provide an accurate estimate of your property tax bill. This valuable tool aids in understanding your potential tax liabilities. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Sandy, Oregon
Property taxes in Sandy, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sandy is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Sandy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sandy 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 Sandy's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97055 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Sandy 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 Sandy Tax Rate
0.80%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sandy, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97055 | 0.56% | 0.66% | 0.80% | 0.91% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Sandy, Oregon
In Sandy, 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 Sandy, 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 Sandy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sandy is $459,285, with tax bills ranging from $2,893 to $5,904. Notably, the zip code 97055 has both the highest and lowest median tax bill at $3,768.
Average Sandy Assessed Value
$459,285
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 Sandy, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97055 | $250,402 | $375,152 | $459,285 | $611,475 | $844,979 |
Source: Ownwell
Property Tax Bills Across Sandy, Oregon
In Sandy, Clackamas County, OR, property tax bills are calculated based on the assessed value of a property, which differs from its market value. The assessed value is determined by the local assessor's office and is typically a percentage of the property's market value. Factors such as location, property size, and improvements can influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Sandy, homeowners can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $2,893, while the 75th percentile tax bill reaches $4,724. At the higher end, the 90th percentile tax bill can be as much as $5,904. Compared to the national median property tax rate of 0.99%, Sandy's property tax rates can impact homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Sandy Tax Bill
$3,768
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Sandy, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97055 | $1,787 | $2,893 | $3,768 | $4,724 | $5,904 |
Source: Ownwell