Eugene, Oregon Property Taxes
The median property tax rate in Eugene, OR is 0.96%, slightly lower than the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Eugene at $412,534, the typical annual property tax bill reaches $3,879, significantly exceeding the national median of $2,690. Property taxes in Eugene 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 Eugene'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 Eugene 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
Eugene, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$3,960
Ownwell’s Eugene Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in Eugene with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Eugene to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Eugene, Oregon
Property taxes in Eugene, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eugene is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Eugene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eugene 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 Eugene's effective property tax rate to other areas in Lane County and the national median. For comparison, the 97403 zip code has the highest median property tax rate of 1.06%, while the 97402 zip code has the lowest median tax rate of 0.86%. Understanding how these areas compare with Eugene provides valuable insights into the varying tax landscape across Lane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eugene Tax Rate
0.96%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eugene, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97401 | 0.83% | 0.94% | 1.04% | 1.15% | 1.25% |
| 97402 | 0.67% | 0.78% | 0.86% | 0.96% | 1.08% |
| 97403 | 0.82% | 0.94% | 1.06% | 1.19% | 1.32% |
| 97404 | 0.64% | 0.72% | 0.88% | 1.03% | 1.12% |
| 97405 | 0.72% | 0.90% | 1.03% | 1.15% | 1.27% |
| 97408 | 0.70% | 0.89% | 1.04% | 1.16% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Eugene, Oregon
In Eugene, 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 Lane 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 Eugene, 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 zip code 97403 has the highest median tax bill at $5,674, while the zip code 97402 has the lowest at $2,881. 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 Eugene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eugene Assessed Value
$412,534
Average Lane County Assessed Value
$368,888
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eugene, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97401 | $290,026 | $395,726 | $473,358 | $591,742 | $759,054 |
| 97402 | $66,481 | $244,378 | $340,888 | $412,427 | $508,250 |
| 97403 | $26,428 | $331,426 | $510,972 | $658,288 | $832,240 |
| 97404 | $285,890 | $331,180 | $390,902 | $459,061 | $545,458 |
| 97405 | $279,319 | $365,962 | $461,012 | $583,368 | $749,998 |
| 97408 | $60,402 | $336,148 | $492,130 | $690,577 | $861,258 |
Source: Ownwell
Property Tax Bills Across Eugene, Oregon
Property tax bills in Eugene, Lane County, OR, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to compute the annual tax bill. Factors influencing the assessed value include the property's market value, condition, and any improvements made. Homeowners in Eugene can expect a wide range of tax bills. For instance, the 25th percentile tax bill is around $2,717, while the 75th percentile reaches up to $5,415. The 90th percentile can go as high as $7,450, indicating significant variability based on property value and location. The highest median tax bill in the area is $5,674 in the 97403 zip code, whereas the lowest is $2,881 in the 97402 zip code. Compared to the national median property tax rate of 0.99%, Eugene's property tax bills reflect both the city's property values and local tax rates, impacting homeowners' annual expenses significantly.
Average Eugene Tax Bill
$3,879
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Eugene, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97401 | $2,797 | $3,784 | $4,846 | $6,354 | $8,577 |
| 97402 | $824 | $2,173 | $2,881 | $3,648 | $4,420 |
| 97403 | $1,983 | $3,872 | $5,674 | $7,416 | $9,506 |
| 97404 | $2,026 | $2,517 | $3,289 | $4,495 | $5,565 |
| 97405 | $2,373 | $3,503 | $4,678 | $6,247 | $8,446 |
| 97408 | $1,176 | $2,997 | $5,148 | $7,556 | $10,100 |
Source: Ownwell