Cascadia, Oregon Property Taxes
The median property tax rate in Cascadia, OR is 0.56%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Cascadia, the typical annual property tax bill is $1,409, well below the national median of $2,690. Property taxes in Cascadia are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Cascadia'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 Cascadia or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cascadia, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,415
Ownwell’s Cascadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cascadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cascadia 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 Cascadia, Oregon
Property taxes in Cascadia, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascadia is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Cascadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cascadia 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 Cascadia's effective property tax rate to other counties and the national median. For comparison, the zip code 97329 has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Cascadia provides valuable insights into the varying tax landscape across Linn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cascadia Tax Rate
0.56%
Average Linn County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cascadia, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97329 | 0.39% | 0.47% | 0.56% | 0.65% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Cascadia, Oregon
In Cascadia, 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 Linn 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 Cascadia, 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 Cascadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cascadia is $1409 in the 97329 zip code, while the lowest median tax bill is also $1409 in the same zip code.
Average Cascadia Assessed Value
$252,670
Average Linn County Assessed Value
$372,065
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cascadia, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97329 | $125,839 | $171,580 | $252,670 | $344,755 | $463,802 |
Source: Ownwell
Property Tax Bills Across Cascadia, Oregon
In Cascadia, Linn County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Cascadia is $252,670, and the property tax rate in the area can result in varying tax bills. For instance, homeowners in the 25th percentile can expect to pay around $873 annually, while those in the 75th percentile might see tax bills closer to $1,834. At the 90th percentile, tax bills can reach up to $2,698. The highest and lowest median tax bills in the region are both $1,409, notably in the 97329 zip code. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners budget effectively and plan for their financial responsibilities.
Average Cascadia Tax Bill
$1,409
Average Linn County Tax Bill
$3,138
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascadia, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97329 | $472 | $873 | $1,409 | $1,834 | $2,698 |
Source: Ownwell