Lakeside, Oregon Property Taxes
The median property tax rate in Lakeside, OR is 0.44%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Lakeside at $271,040, the typical annual property tax bill amounts to $1,141, well below the national median of $2,690. Property taxes in Lakeside are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lakeside's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lakeside or another part of Coos County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lakeside, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,193
$1,107
Ownwell’s Lakeside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lakeside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lakeside 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 Lakeside, Oregon
Property taxes in Lakeside, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lakeside is 0.44%, significantly lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Lakeside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lakeside 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 Lakeside's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97449 zip code has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Lakeside 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 Lakeside Tax Rate
0.44%
Average Coos County Tax Rate
0.60%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lakeside, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97449 | 0.34% | 0.38% | 0.44% | 0.49% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Lakeside, Oregon
In Lakeside, 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 Lakeside, 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. The median home price in Lakeside is $271,040, with property tax bills ranging from $700 at the 25th percentile to $2,082 at the 90th percentile. The highest and lowest median tax bills are both $1,141, found in the 97449 zip code. 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 Lakeside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lakeside Assessed Value
$271,040
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 Lakeside, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97449 | $102,710 | $154,920 | $271,040 | $373,360 | $490,270 |
Source: Ownwell
Property Tax Bills Across Lakeside, Oregon
In Lakeside, Coos County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically lower than the market value. The tax rate, applied to this assessed value, determines the annual property tax bill. The median home price in Lakeside is $271,040, with property tax bills varying significantly across different percentiles. For instance, homeowners in the 25th percentile can expect to pay around $700 annually, while those in the 75th percentile might see bills as high as $1,577. At the 90th percentile, tax bills can reach up to $2,082. These figures reflect the variability in assessed values and tax rates within the area. Compared to the national median property tax rate of 0.99%, Lakeside's tax rates can be considered moderate. For homeowners, understanding these factors is crucial for financial planning and assessing the long-term costs of homeownership in this region.
Average Lakeside Tax Bill
$1,141
Average Coos County Tax Bill
$2,086
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Lakeside, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97449 | $457 | $700 | $1,141 | $1,577 | $2,082 |
Source: Ownwell