Albany, Linn County, Oregon Property Taxes

Name: Property Tax Bills Across Albany, Linn County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Albany, Oregon effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but higher than the Oregon state median of 0.86%.
Median Albany, Oregon home value: $387,830
Median annual Albany, Oregon tax bill: $3,721, $1,321 higher than the national median property tax bill of $2,400.

How are property taxes in Linn County calculated?

Property taxes in Albany, Oregon 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 Albany’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albany, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Albany, Linn County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$3,684

$3,419

Ownwell’s Albany Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Albany with just two data points. By entering your property's estimated assessed value, our calculator applies Albany’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 Linn County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Albany, Linn County, Oregon

Local government entities determine tax rates, which can differ significantly within a state. This variation is due to each county's annual estimation of its budget needs to provide services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and regulations play a role in setting tax rates and budgets, this is essentially the annual process.

In Albany, located in Linn County, the effective property tax rate is slightly below the national median of 1.02%. Within the state, Albany's rate is lower than the highest rate found in the 97322 zip code, but higher than the lowest rate in the 97321 zip code. This places Albany's rate in a competitive position compared to other regions in Oregon. While the median property tax rate in Oregon is 0.95%, Albany's rate is competitive, offering residents a favorable tax environment. Understanding these rates can help property owners make informed decisions about their investments and potential savings through property tax appeals.

Property Tax Rates Across Albany, Linn County, Oregon

Source: Ownwell

0.46%

0.72%

0.98%

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 Albany Tax Rate

0.95%

Median Effective Linn County Tax Rate

0.82%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Albany, Linn County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97321	0.62%	0.77%	0.89%	1.03%	1.12%
97322	0.67%	0.86%	0.98%	1.04%	1.13%

Source: Ownwell

Property Tax Assessment Values Across Albany, Linn County, Oregon

When examining property taxes in Albany, 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 Linn County Assessor's Office 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 Linn 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 Albany.

For example, the median home price in Albany is $387,830, with tax bills ranging significantly across the county. Zip code 97321 has the highest median home price at $429,945.

Property Tax Assessment Values Across Albany, Linn County, Oregon

Source: Ownwell

$166,140

$411,040

$655,940

Median Albany Market Value

$387,830

Median Linn County Market Value

$372,065

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Albany, Linn County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97321	$243,991	$329,620	$429,945	$552,172	$643,393
97322	$118,690	$320,010	$376,170	$439,080	$545,286

Source: Ownwell

Property Tax Bills Across Albany, Linn County, Oregon

In Albany, Linn County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property improvements, market trends, and local levies can influence the assessed value. Homeowners in Albany face a median property tax bill of $3,941 in zip code 97321, which is significantly above the national median of $2,400. Meanwhile, in zip code 97322, the median tax bill is $3,647. These figures highlight the variability within the city itself. High property tax bills can be a financial burden on homeowners, affecting their disposable income and overall financial planning. Ownwell offers property tax appeal services that can help homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in appealing their property tax assessments, potentially leading to significant savings.

Property Tax Bills Across Albany, Linn County, Oregon

Source: Ownwell

$1,175

$2,654

$4,133

Median Albany Tax Bill

$3,721

Median Linn County Tax Bill

$3,138

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Albany, Linn County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97321	$1,933	$2,804	$3,941	$4,931	$5,917
97322	$1,060	$2,898	$3,647	$4,307	$5,149

Source: Ownwell