Arch Cape, Oregon Property Taxes
The median property tax rate in Arch Cape, OR is 0.54%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Arch Cape at $952,430, the typical annual property tax bill reaches $5,639, far exceeding the national median of $2,690. Property taxes in Arch Cape 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 Arch Cape'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 Arch Cape 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
Arch Cape, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$5,143
$4,773
Ownwell’s Arch Cape Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arch Cape with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arch Cape 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 Clatsop County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Arch Cape, Oregon
Property taxes in Arch Cape, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arch Cape is 0.54%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Arch Cape set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arch Cape 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 Arch Cape's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97102 zip code has the highest median property tax rate of 0.54%, while the same 97102 zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Arch Cape provides valuable insights into the varying tax landscape across Clatsop County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arch Cape Tax Rate
0.54%
Average Clatsop County Tax Rate
0.63%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arch Cape, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97102 | 0.39% | 0.46% | 0.54% | 0.65% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Arch Cape, Oregon
In Arch Cape, Oregon, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Clatsop 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 Arch Cape, 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 Arch Cape 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 Arch Cape is 97102, with a median tax bill of $5,639.
Average Arch Cape Assessed Value
$952,430
Average Clatsop County Assessed Value
$501,530
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arch Cape, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97102 | $503,835 | $679,796 | $952,430 | $1,679,264 | $2,369,209 |
Source: Ownwell
Property Tax Bills Across Arch Cape, Oregon
In Arch Cape, located in Clatsop County, OR, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. For homeowners in Arch Cape, the median home price is $952,430, leading to varying tax bills. For instance, tax bills in the 25th percentile are around $3,620, while those in the 75th percentile can reach up to $8,966, and the 90th percentile sees tax bills as high as $11,295. Compared to the national median property tax rate of 0.99%, homeowners in Arch Cape experience a range of tax burdens depending on their property's assessed value. This variability can significantly impact homeowners' annual financial planning and long-term investment strategies.
Average Arch Cape Tax Bill
$5,639
Average Clatsop County Tax Bill
$3,200
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Arch Cape, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97102 | $2,678 | $3,620 | $5,639 | $8,966 | $11,295 |
Source: Ownwell