Oakridge, Lane County, Oregon Property Taxes
The median property tax rate in Oakridge, OR is 0.76%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Oakridge at $211,145, the typical annual property tax bill amounts to $1,522, falling below the national median of $2,690. Property taxes in Oakridge are determined based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Gaining a thorough understanding of Oakridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Oakridge or another part of Lane County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oakridge, Lane County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,605
$1,489
Ownwell’s Oakridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakridge 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 Oakridge, Lane County, Oregon
Property taxes in Oakridge, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakridge is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Oakridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakridge 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 Oakridge's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97463 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Oakridge 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 Oakridge Tax Rate
0.76%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakridge, Lane County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97463 | 0.51% | 0.63% | 0.76% | 0.88% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Oakridge, Lane County, Oregon
In Oakridge, 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 Oakridge, 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 Oakridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $211,145, with the highest median tax bill being $1,522 in the 97463 zip code.
Property Tax Assessment Values Across Oakridge, Lane County, Oregon
Source: Ownwell
$173,337
$342,155
$510,972
Average Oakridge Assessed Value
$211,145
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 Oakridge, Lane County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97463 | $17,699 | $63,848 | $211,145 | $282,130 | $365,190 |
Source: Ownwell
Property Tax Bills Across Oakridge, Lane County, Oregon
Property tax bills in Oakridge, located in Lane County, OR, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is generally a percentage of the property's market value. For instance, the median home price in Oakridge is $211,145. With the national median property tax rate at 0.99%, Oakridge's tax rates are comparable, resulting in varying tax bills across different percentiles. Homeowners in Oakridge can expect property tax bills ranging from $769 at the 25th percentile to $2,784 at the 90th percentile. The highest median tax bill recorded in the area is $1,522, which is consistent across zip code 97463. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Therefore, understanding how property tax bills are determined can help homeowners better anticipate their financial obligations and the benefits they receive in return.
Average Oakridge Tax Bill
$1,522
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakridge, Lane County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97463 | $279 | $769 | $1,522 | $2,134 | $2,784 |
Source: Ownwell