North Bend, Coos County, Oregon Property Taxes
The median property tax rate in North Bend, OR is 0.62%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in North Bend, the typical annual property tax bill reaches $2,317, which is below the national median of $2,690. Property taxes in North Bend are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Bend'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 North Bend 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
North Bend, Coos County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$2,310
$2,143
Ownwell’s North Bend Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Bend to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making it easier to budget for your property expenses. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Coos County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across North Bend, Coos County, Oregon
Property taxes in North Bend, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Bend 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 North Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Bend 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 North Bend's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97459 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 North Bend 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 North Bend 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 North Bend, Coos County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97459 | 0.42% | 0.50% | 0.62% | 0.72% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across North Bend, Coos County, Oregon
In North Bend, 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 North Bend, 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 North Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97459, with a median tax bill of $2,317.
Property Tax Assessment Values Across North Bend, Coos County, Oregon
Source: Ownwell
$168,300
$326,788
$485,275
Average North Bend Assessed Value
$372,540
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 North Bend, Coos County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97459 | $213,870 | $281,350 | $372,540 | $499,158 | $667,070 |
Source: Ownwell
Property Tax Bills Across North Bend, Coos County, Oregon
In North Bend, Coos County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is often lower than the market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $372,540, property owners in North Bend can expect their tax bills to vary significantly. The 25th percentile tax bill is approximately $1,693, while the 75th percentile reaches up to $3,138, and the 90th percentile peaks at $4,141. Factors influencing these tax bills include the property's location, size, and any applicable exemptions. Homeowners in North Bend face a median property tax rate that can be compared to the national median rate of 0.99%. Understanding these dynamics helps homeowners anticipate their annual tax liabilities and plan accordingly.
Average North Bend Tax Bill
$2,317
Average Coos County Tax Bill
$2,086
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across North Bend, Coos County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97459 | $1,164 | $1,693 | $2,317 | $3,138 | $4,141 |
Source: Ownwell