Oakland, Oregon Property Taxes
The median property tax rate in Oakland, OR is 0.51%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Oakland, the typical annual property tax bill reaches $861, well below the national median of $2,690. Property taxes in Oakland 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 Oakland'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 Oakland 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
Oakland, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$915
$849
Ownwell’s Oakland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oakland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakland 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 Oakland, Oregon
Property taxes in Oakland, Oregon, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakland is 0.51%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Oakland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakland 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 Oakland's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97462 has both the highest and lowest median property tax rate of 0.51%. Understanding how these areas compare with Oakland provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oakland Tax Rate
0.51%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakland, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97462 | 0.23% | 0.38% | 0.51% | 0.72% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Oakland, Oregon
In Oakland, 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 Douglas 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 Oakland, 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 Oakland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Oakland is $861.00 in the 97462 zip code, while the lowest median tax bill is also in the 97462 zip code at $861.00.
Average Oakland Assessed Value
$179,347
Average Douglas County Assessed Value
$222,242
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oakland, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97462 | $7,390 | $41,963 | $179,347 | $304,825 | $430,916 |
Source: Ownwell
Property Tax Bills Across Oakland, Oregon
In Oakland, property tax bills are calculated based on the assessed value of the property, which is determined by the Douglas County Assessor's Office. The assessed value typically reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Oakland, the median home price is $179,347. Homeowners in the 25th percentile can expect a tax bill around $138, while those in the 75th percentile might see a bill closer to $1,776. For the top 10% of property values, tax bills can reach up to $2,532. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, homeowners in Oakland may find their tax bills to be relatively moderate, impacting their overall cost of homeownership and potentially influencing their decision to buy or sell property in the area.
Average Oakland Tax Bill
$861
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakland, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97462 | $34 | $138 | $861 | $1,776 | $2,532 |
Source: Ownwell