Lowell, Oregon Property Taxes
The median property tax rate in Lowell, Oregon is 0.61%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $313,831 in Lowell, the typical annual property tax bill amounts to $1,882, which is well below the national median of $2,690. Property taxes in Lowell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Lowell'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 Lowell or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lowell, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Lowell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lowell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lowell 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 Lowell, Oregon
Property taxes in Lowell, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lowell is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Lowell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowell 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 Lowell's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97452 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Lowell 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 Lowell Tax Rate
0.61%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lowell, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97452 | 0.38% | 0.51% | 0.61% | 0.71% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Lowell, Oregon
In Lowell, 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 Lowell, 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 Lowell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lowell are both $1882, found in the 97452 zip code.
Average Lowell Assessed Value
$313,831
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 Lowell, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97452 | $75,268 | $191,160 | $313,831 | $442,238 | $570,007 |
Source: Ownwell
Property Tax Bills Across Lowell, Oregon
In Lowell, property tax bills are calculated based on the assessed value of a home, which is determined by Lane County. The assessed value is typically lower than the market value and reflects the taxable worth of the property. The tax rate is then applied to this assessed value to determine the annual tax bill. For example, the median home price in Lowell is $313,831. Homeowners in the 25th percentile of tax bills pay around $944 annually, while those in the 75th percentile pay approximately $2,736. At the 90th percentile, the tax bill can reach up to $4,132. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Lowell's rates can be considered moderate, offering a balanced approach for homeowners. This system ensures that property taxes contribute to essential local services, impacting the overall quality of life and community infrastructure.
Average Lowell Tax Bill
$1,882
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Lowell, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97452 | $401 | $944 | $1,882 | $2,736 | $4,132 |
Source: Ownwell