Coos Bay, Oregon Property Taxes
The median property tax rate in Coos Bay, OR is 0.70%, 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 Coos Bay at $316,840, the typical annual property tax bill amounts to $2,205, falling below the national median of $2,690. Property taxes in Coos Bay are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Coos Bay'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 Coos Bay 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
Coos Bay, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Coos Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coos Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coos Bay 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 Coos Bay, Oregon
Property taxes in Coos Bay, Oregon, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Coos Bay is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Coos Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coos Bay 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 Coos Bay's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97420 zip code has both the highest and lowest median property tax rate in Coos Bay at 0.70%. Understanding how these figures compare with other regions provides valuable insights into the varying tax landscape across Coos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coos Bay Tax Rate
0.70%
Average Coos County Tax Rate
0.60%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coos Bay, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97420 | 0.46% | 0.56% | 0.70% | 0.83% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Coos Bay, Oregon
In Coos Bay, 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 local appraisal district 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 Coos Bay, 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 Coos Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Coos Bay is $316,840, with the highest and lowest median tax bills both at $2,205 in the 97420 zip code.
Average Coos Bay Assessed Value
$316,840
Average Coos County Assessed Value
$340,850
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coos Bay, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97420 | $161,435 | $233,642 | $316,840 | $428,388 | $582,603 |
Source: Ownwell
Property Tax Bills Across Coos Bay, Oregon
In Coos Bay, located in Coos County, OR, property tax bills are calculated based on the assessed value of the property, which often differs from the market value. The assessed value is determined by the county assessor and is used to ensure a fair distribution of the tax burden among property owners. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including property size, location, and any improvements or additions made to the property. In Coos Bay, the median home price is $316,840, with property tax bills ranging widely. For example, the 25th percentile tax bill is $1,515, while the 75th percentile reaches $3,084, and the 90th percentile can go up to $4,263. The highest median tax bill in the area is $2,205, which is notably higher than the national median property tax rate of 0.99%. This variability in tax bills significantly impacts homeowners, influencing their overall housing costs and financial planning.
Average Coos Bay Tax Bill
$2,205
Average Coos County Tax Bill
$2,086
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Coos Bay, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97420 | $945 | $1,515 | $2,205 | $3,084 | $4,263 |
Source: Ownwell