Tidewater, Oregon Property Taxes
The median property tax rate in Tidewater, OR is 0.91%, slightly below the national median of 0.99% but higher than the Oregon state median of 0.86%. With the median home value in Tidewater, the typical annual property tax bill reaches $2,339, which is still below the national median of $2,690. Property taxes in Tidewater are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Tidewater'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 Tidewater 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
Tidewater, 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 Tidewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tidewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tidewater 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 Tidewater, Oregon
Property taxes in Tidewater, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tidewater is 0.91%, which is below the U.S. national median of 0.99%. Local government entities within Tidewater set these rates annually, and they can vary across different neighborhoods. Each year, Tidewater 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 Tidewater's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97390 zip code has both the highest and lowest median property tax rate of 0.91%, reflecting a uniform rate across Tidewater. Understanding how these cities compare with Tidewater 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 Tidewater Tax Rate
0.91%
Average Lincoln County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tidewater, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97390 | 0.73% | 0.81% | 0.91% | 0.99% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Tidewater, Oregon
In Tidewater, 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 Lincoln County Appraisal District 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 Tidewater, 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 Tidewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97390 has both the highest and lowest median tax bills at $2,339, reflecting a consistent tax landscape.
Average Tidewater Assessed Value
$255,530
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 Tidewater, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97390 | $69,189 | $140,475 | $255,530 | $377,082 | $496,038 |
Source: Ownwell
Property Tax Bills Across Tidewater, Oregon
In Tidewater, located in Lincoln County, OR, property tax bills are calculated based on the assessed value of a 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 context, the national median property tax rate is 0.99%. In Tidewater, homeowners experience a range of tax bills, with the 25th percentile paying around $1,347 and the 75th percentile paying up to $3,268. The 90th percentile sees tax bills as high as $4,179. Several factors influence the tax bill, including property size, location, and market conditions. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners in Tidewater should be aware of these factors as they can significantly affect annual expenses. Understanding how property taxes are calculated helps homeowners plan their finances better and potentially seek exemptions or appeals if they believe their assessment is inaccurate.
Average Tidewater Tax Bill
$2,339
Average Lincoln County Tax Bill
$2,817
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Tidewater, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97390 | $645 | $1,347 | $2,339 | $3,268 | $4,179 |
Source: Ownwell