Yachats, Oregon Property Taxes
The median property tax rate in Yachats, OR is 0.53%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Yachats, the typical annual property tax bill reaches $1,940, which is significantly below the national median of $2,690. Property taxes in Yachats 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 Yachats'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 Yachats 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
Yachats, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$2,062
$1,913
Ownwell’s Yachats Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yachats with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yachats 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 Yachats, Oregon
Property taxes in Yachats, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yachats is 0.53%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Yachats set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yachats 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 Yachats' effective property tax rate to other counties in Oregon and the national median. For comparison, the 97498 zip code has both the highest and lowest median property tax rate of 0.53%. Understanding how these cities compare with Yachats 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 Yachats Tax Rate
0.53%
Average Lane County Tax Rate
0.86%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yachats, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97498 | 0.38% | 0.45% | 0.53% | 0.59% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Yachats, Oregon
In Yachats, 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 Yachats, 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 Yachats helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Yachats is $389,010, with the highest and lowest median tax bills both being $1,940 in the 97498 zip code.
Average Yachats Assessed Value
$389,010
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 Yachats, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97498 | $104,907 | $231,912 | $389,010 | $597,768 | $884,422 |
Source: Ownwell
Property Tax Bills Across Yachats, Oregon
In Yachats, Lane County, OR, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Yachats, the median home price is $389,010. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,309 and the 75th percentile reaching $3,090. The 90th percentile tax bill can be as high as $4,623. The property tax rate in Yachats is influenced by local government budgets, school districts, and other public services. While the median property tax rate nationally is 0.99%, local rates can fluctuate based on these factors. For homeowners, understanding how their tax bill is calculated helps in financial planning and anticipating annual expenses. High property taxes can impact affordability and overall cost of living, making it crucial for homeowners to stay informed about their local tax rates and assessed property values.
Average Yachats Tax Bill
$1,940
Average Lane County Tax Bill
$3,052
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Yachats, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97498 | $501 | $1,309 | $1,940 | $3,090 | $4,623 |
Source: Ownwell