Waldport, Lincoln County, Oregon Property Taxes
Median Waldport, OR effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Waldport, OR home value: $341,460
Median annual Waldport, OR tax bill: $2,724, $324 higher than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Waldport, 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 Waldport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waldport, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waldport, Lincoln County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$2,834
$2,630
Property Tax Rates Across Waldport, Lincoln County, Oregon
Local government entities set tax rates, which can vary widely within a state. 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.
Below, you can compare Waldport’s effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S. In Waldport, located in Lincoln County, the median property tax rate is 0.83%, which is lower than the national median property tax rate of 1.02%. This lower rate can translate into significant savings for homeowners compared to the national average. It's important to note that while Waldport's tax rate is consistent, property values and individual circumstances can affect the actual tax bill. For residents, understanding these nuances is crucial for effective property tax management and potential savings.
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 Waldport Tax Rate
0.83%
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 Waldport, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97394 | 0.64% | 0.74% | 0.83% | 0.95% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Waldport, Lincoln County, Oregon
When examining property taxes in Waldport, 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 Waldport.
For example, the median home price in Waldport is $341,460, with tax bills ranging significantly across the county. Zip code 97394 has the highest median home price at $341,460.
Property Tax Assessment Values Across Waldport, Lincoln County, Oregon
Source: Ownwell
$165,575
$338,625
$511,675
Median Waldport Market Value
$341,460
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 Waldport, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97394 | $70,470 | $198,840 | $341,460 | $481,610 | $647,560 |
Source: Ownwell
Property Tax Bills Across Waldport, Lincoln County, Oregon
In Waldport, located in Lincoln County, Oregon, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the county assessor and is typically lower than the market value. The property tax rate is applied to this assessed value to calculate the tax bill. In Waldport, the median property tax bill is $2,724, which is above the national median of $2,400. This figure can vary significantly, with bills ranging from $1,679 at the 25th percentile to $5,498 at the 90th percentile, reflecting differences in property values and tax rates within the area.
For homeowners, these taxes can represent a significant financial burden. Ownwell provides a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By analyzing property data and identifying discrepancies in assessments, Ownwell can assist homeowners in securing fairer tax evaluations. This service not only reduces the financial strain on homeowners but also ensures they are not overpaying on their property taxes.
Median Waldport Tax Bill
$2,724
Median Lincoln County Tax Bill
$2,817
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Waldport, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97394 | $596 | $1,679 | $2,724 | $4,015 | $5,498 |
Source: Ownwell