Tualatin, Oregon Property Taxes
The median property tax rate in Tualatin, OR is 1.05%, which is higher than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $767,385, the typical annual property tax bill in Tualatin reaches $8,082, significantly exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tualatin'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 Tualatin 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
Tualatin, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$8,058
Ownwell’s Tualatin Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Tualatin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tualatin to provide an estimate of your property tax bill. This valuable 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 Tualatin, Oregon
Property taxes in Tualatin, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tualatin is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Tualatin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tualatin 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 Tualatin's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97062 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Tualatin 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 Tualatin Tax Rate
1.05%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tualatin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97062 | 0.83% | 0.98% | 1.05% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Tualatin, Oregon
In Tualatin, 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 Tualatin, 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 Tualatin 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 Tualatin is 97062, with a median tax bill of $8,082.
Average Tualatin Assessed Value
$767,385
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 Tualatin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97062 | $640,513 | $692,318 | $767,385 | $962,111 | $1,809,045 |
Source: Ownwell
Property Tax Bills Across Tualatin, Oregon
In Tualatin, located in Clackamas County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is often lower than the market value, providing some relief to homeowners. The tax rate is applied to this assessed value to determine the annual tax bill. The median home price in Tualatin is $767,385, and homeowners can expect a range of property tax bills. For instance, the tax bill at the 25th percentile is $7,062, while at the 75th percentile, it rises to $9,877. At the 90th percentile, the tax bill can go up to $16,316. The median tax bill in Tualatin is notably higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Tualatin residents.
Average Tualatin Tax Bill
$8,082
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Tualatin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97062 | $6,355 | $7,062 | $8,082 | $9,877 | $16,316 |
Source: Ownwell