Gleneden Beach, Oregon Property Taxes
The median property tax rate in Gleneden Beach, OR is 0.78%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $511,675 in Gleneden Beach, the typical annual property tax bill reaches $3,900, surpassing the national median of $2,690. Property taxes in Gleneden Beach are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gleneden Beach'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 Gleneden Beach or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gleneden Beach, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$3,991
Ownwell’s Gleneden Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gleneden Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gleneden Beach 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 Lincoln County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Gleneden Beach, Oregon
Property taxes in Gleneden Beach, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gleneden Beach is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Gleneden Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gleneden Beach 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 Gleneden Beach's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97388 has the same median property tax rate of 0.78%. Understanding how these cities compare with Gleneden Beach provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gleneden Beach Tax Rate
0.78%
Average Lincoln County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gleneden Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97388 | 0.57% | 0.66% | 0.78% | 0.90% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Gleneden Beach, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gleneden Beach, 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 Lincoln 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 Gleneden Beach, 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. The median home price in Gleneden Beach is $511,675, with tax bills ranging from $2,216 at the 25th percentile to $8,954 at the 90th percentile. The zip code 97388 has the highest and lowest median tax bill of $3,900. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gleneden Beach Assessed Value
$511,675
Average Lincoln County Assessed Value
$341,090
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gleneden Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97388 | $225,844 | $330,500 | $511,675 | $737,372 | $1,021,914 |
Source: Ownwell
Property Tax Bills Across Gleneden Beach, Oregon
In Gleneden Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the Lincoln County Assessor's Office. The assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to calculate the annual property tax bill. The median home price in Gleneden Beach is $511,675, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,216, while the 75th percentile tax bill reaches $6,261. At the 90th percentile, homeowners might see tax bills as high as $8,954. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Gleneden Beach's tax rates can lead to higher annual payments, impacting homeowners' budgets. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life.
Average Gleneden Beach Tax Bill
$3,900
Average Lincoln County Tax Bill
$2,817
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gleneden Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97388 | $1,328 | $2,216 | $3,900 | $6,261 | $8,954 |
Source: Ownwell