Nehalem, Oregon Property Taxes
The median property tax rate in Nehalem, OR is 0.75%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $381,136, the typical annual property tax bill in Nehalem reaches $2,736, slightly below the national median of $2,690. Property taxes in Nehalem are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Nehalem'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 Nehalem 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
Nehalem, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$2,859
Ownwell’s Nehalem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nehalem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nehalem 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 Nehalem, Oregon
Property taxes in Nehalem, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nehalem is 0.75%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Nehalem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nehalem 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 Nehalem's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97131 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Nehalem 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 Nehalem Tax Rate
0.75%
Average Clatsop County Tax Rate
0.63%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nehalem, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97131 | 0.58% | 0.64% | 0.75% | 0.86% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Nehalem, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nehalem, Oregon. 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 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 Nehalem, 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. For instance, the median home price in Nehalem is $381,136, with tax bills ranging from $1,581 at the 25th percentile to $5,374 at the 90th percentile. The zip code 97131 has the highest and lowest median tax bill at $2,736. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Nehalem Assessed Value
$381,136
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 Nehalem, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97131 | $65,729 | $218,419 | $381,136 | $559,479 | $749,499 |
Source: Ownwell
Property Tax Bills Across Nehalem, Oregon
Property tax bills in Nehalem, located in Clatsop County, OR, are determined based on the assessed value of a property. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the local tax rate. For homeowners in Nehalem, the median home price stands at $381,136. Tax bills can vary widely; the 25th percentile tax bill is $1,581, while the 75th percentile reaches $3,759, and at the 90th percentile, it can be as high as $5,374. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Clatsop County's rates reflect the local economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial, as property taxes significantly impact annual budgeting and long-term financial planning. The highest and lowest median tax bills in the area both stand at $2,736, highlighting a relatively consistent tax burden across Nehalem.
Average Nehalem Tax Bill
$2,736
Average Clatsop County Tax Bill
$3,200
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Nehalem, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97131 | $368 | $1,581 | $2,736 | $3,759 | $5,374 |
Source: Ownwell