Woodburn, Oregon Property Taxes
The median property tax rate in Woodburn, OR is 0.46%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Woodburn, the typical annual property tax bill reaches $3,172, surpassing the national median of $2,690. Property taxes in Woodburn 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 Woodburn'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 Woodburn 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
Woodburn, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$3,558
Ownwell’s Woodburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodburn 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 Woodburn, Oregon
Property taxes in Woodburn, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodburn is 0.46%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Woodburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodburn 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 Woodburn's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97071 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Woodburn 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 Woodburn Tax Rate
0.46%
Average Clackamas County Tax Rate
0.92%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97071 | 0.23% | 0.32% | 0.46% | 0.59% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Woodburn, Oregon
In Woodburn, 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 Woodburn, 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 Woodburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97071, where the median tax bill is $3,172.
Average Woodburn Assessed Value
$773,493
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 Woodburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97071 | $188,856 | $493,649 | $773,493 | $1,176,218 | $1,516,330 |
Source: Ownwell
Property Tax Bills Across Woodburn, Oregon
In Woodburn, 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. Factors such as property improvements, location, and market trends influence this assessed value. The tax rate is then applied to this assessed value to determine the annual tax bill. For Woodburn homeowners, the median home price stands at $773,493, with tax bills varying significantly. The 25th percentile tax bill is $1,952, while the 75th percentile reaches $4,796, and the 90th percentile climbs to $6,876. These figures reflect the range of property values and the corresponding taxes. Comparatively, the national median property tax rate is 0.99%, highlighting that Woodburn’s property taxes can be quite variable. Homeowners in Woodburn should be aware of these factors, as they directly impact the annual financial obligations tied to their properties.
Average Woodburn Tax Bill
$3,172
Average Clackamas County Tax Bill
$5,006
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodburn, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97071 | $1,034 | $1,952 | $3,172 | $4,796 | $6,876 |
Source: Ownwell