Westlake, Oregon Property Taxes
The median property tax rate in Westlake, OR is 0.84%, slightly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Westlake at $67,336, the typical annual property tax bill amounts to $271, significantly below the national median of $2,690. Property taxes in Westlake are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westlake'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 Westlake 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
Westlake, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$566
$525
Ownwell’s Westlake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westlake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westlake 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 Westlake, Oregon
Property taxes in Westlake, Oregon, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Westlake is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Westlake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westlake 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 Westlake's effective property tax rate to other regions in Oregon and the national median. For comparison, the zip code 97493 has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Westlake 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 Westlake Tax Rate
0.84%
Average Douglas County Tax Rate
0.66%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westlake, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97493 | 0.39% | 0.48% | 0.84% | 1.09% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Westlake, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westlake, Oregon. 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 Westlake, 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 Westlake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Westlake are both $271.00, found in zip code 97493.
Average Westlake Assessed Value
$67,336
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 Westlake, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97493 | $14,144 | $30,777 | $67,336 | $97,514 | $169,507 |
Source: Ownwell
Property Tax Bills Across Westlake, Oregon
In Westlake, Oregon, property tax bills are calculated based on the assessed value of a home, which is often lower than the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions. For homeowners in Westlake, the property tax burden can vary significantly. The 25th percentile tax bill is around $146, while the 75th percentile tax bill is about $710. Those at the higher end, in the 90th percentile, can see tax bills reaching up to $1,886. The median home price in Westlake is $67,336, which is relatively affordable compared to national figures. These property taxes fund essential local services such as schools, emergency services, and infrastructure maintenance, directly impacting the quality of life in the community. Understanding how property taxes are calculated can help homeowners budget more effectively and take advantage of any available tax relief programs.
Average Westlake Tax Bill
$271
Average Douglas County Tax Bill
$1,430
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Westlake, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97493 | $100 | $146 | $271 | $710 | $1,886 |
Source: Ownwell