Siletz, Lincoln County, Oregon Property Taxes
Median Siletz, OR effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Siletz, OR home value: $236,900
Median annual Siletz, OR tax bill: $1,609, $791 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Siletz, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Siletz’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Siletz, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Siletz, Lincoln County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$1,706
$1,583
Ownwell’s Siletz Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Siletz with just two data points.
By entering your property's estimated assessed value, our calculator applies Siletz’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lincoln County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Siletz, Lincoln County, Oregon
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Siletz, located in Lincoln County, Oregon, the effective property tax rate stands at 0.72%, which aligns with the state median. This rate is notably lower than the national median property tax rate of 1.02%. This means that residents of Siletz benefit from a lower property tax burden compared to many other parts of the country. Understanding these rates is crucial for homeowners looking to manage their property expenses effectively. By comparing Siletz’s effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S., homeowners can appreciate the relative affordability of property taxes in this region.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Siletz Tax Rate
0.72%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lincoln County Tax Rate
0.84%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Siletz, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97380 | 0.50% | 0.62% | 0.72% | 0.86% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Siletz, Lincoln County, Oregon
When examining property taxes in Siletz, Oregon, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lincoln County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Siletz. For example, the median home price in Siletz is $236,900, with tax bills ranging significantly across the county. The zip code 97380 has the highest median home price at $236,900.
Property Tax Assessment Values Across Siletz, Lincoln County, Oregon
Source: Ownwell
$165,575
$338,625
$511,675
Median Siletz Market Value
$236,900
Median Lincoln County Market Value
$341,090
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across Siletz, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97380 | $18,578 | $95,240 | $236,900 | $361,810 | $502,508 |
Source: Ownwell
Property Tax Bills Across Siletz, Lincoln County, Oregon
Median Siletz Tax Bill
$1,609
Median Lincoln County Tax Bill
$2,817
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Siletz, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97380 | $166 | $692 | $1,609 | $2,546 | $3,765 |
Source: Ownwell