Coquille, Oregon Property Taxes
The median property tax rate in Coquille, OR is 0.62%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Coquille at $317,070, the typical annual property tax bill is $1,978, which is well below the national median of $2,690. Property taxes in Coquille 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 Coquille'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 Coquille 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
Coquille, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,966
Ownwell’s Coquille Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coquille with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coquille to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Coquille, Oregon
Property taxes in Coquille, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coquille is 0.62%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Coquille set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coquille 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 Coquille's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97423 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Coquille 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 Coquille Tax Rate
0.62%
Average Coos County Tax Rate
0.60%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coquille, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97423 | 0.42% | 0.50% | 0.62% | 0.72% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Coquille, Oregon
In Coquille, 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 Coos 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 Coquille, 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 Coquille helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $317,070, with the highest and lowest median tax bills both recorded at $1,978 in the 97423 zip code.
Average Coquille Assessed Value
$317,070
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 Coquille, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97423 | $179,698 | $240,020 | $317,070 | $440,840 | $584,238 |
Source: Ownwell
Property Tax Bills Across Coquille, Oregon
In Coquille, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is distinct from the market value and is often lower, providing some relief to homeowners. Factors such as location, property size, and improvements are considered in the assessment process. For homeowners in Coquille, the median home price is $317,070, and property tax bills vary significantly. At the 25th percentile, homeowners pay around $1,437, while those at the 75th percentile face bills of approximately $2,606. The top 10% of property tax bills can reach up to $3,547. Comparatively, the national median property tax rate is 0.99%, which places Coquille's tax rates in a competitive range. This variability in tax bills highlights the importance of understanding local assessments and potential exemptions that can impact overall costs. Homeowners should be aware of these factors to better manage their property tax obligations.
Average Coquille Tax Bill
$1,978
Average Coos County Tax Bill
$2,086
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Coquille, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97423 | $994 | $1,437 | $1,978 | $2,606 | $3,547 |
Source: Ownwell