Yachats, Oregon Property Taxes
The median property tax rate in Yachats, OR is 0.81%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Yachats at $392,470, the typical annual property tax bill reaches $2,988, surpassing the national median of $2,690. Property taxes in Yachats are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Yachats' 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 Lincoln County, 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
0.81%
Estimate Property Tax Bill
$3,179
$2,950
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yachats is 0.81%, which is lower than 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 zip code 97498 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Yachats 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 Yachats Tax Rate
0.81%
Average Lincoln County Tax Rate
0.84%
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 | 0.64% | 0.72% | 0.81% | 0.90% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Yachats, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Yachats, 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 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. For instance, the median home price in Yachats is $392,470, with tax bills ranging from $1,775 at the 25th percentile to $6,624 at the 90th percentile. The zip code 97498 has both the highest and lowest median tax bill at $2,988. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yachats Assessed Value
$392,470
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 Yachats, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97498 | $105,510 | $227,410 | $392,470 | $579,940 | $777,854 |
Source: Ownwell
Property Tax Bills Across Yachats, Oregon
Property tax bills in Yachats, Oregon, are calculated based on the assessed value of a property, which is determined by the Lincoln County Assessor's Office. This assessed value is typically a percentage of the property's market value. The property tax rate in Yachats is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. In Yachats, the median home price is $392,470, and property tax bills can vary significantly. The 25th percentile tax bill is around $1,775, while at the 75th percentile, homeowners can expect to pay approximately $4,707. For those at the 90th percentile, the tax bill can reach up to $6,624. These figures highlight the range of potential tax obligations for homeowners in the area. Compared to the national median property tax rate of 0.99%, Yachats homeowners may find their tax bills either slightly above or below this benchmark, impacting their overall financial planning and homeownership costs.
Average Yachats Tax Bill
$2,988
Average Lincoln County Tax Bill
$2,817
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 | $849 | $1,775 | $2,988 | $4,707 | $6,624 |
Source: Ownwell