Corvallis, Linn County, Oregon Property Taxes
Median Corvallis, OR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Corvallis, OR home value: $494,620
Median annual Corvallis, OR tax bill: $4,133, $1,733 higher than the national median property tax bill of $2,400.
How are property taxes in Linn calculated?
Property taxes in Corvallis, 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 Corvallis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Corvallis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Corvallis, Linn County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$3,759
$3,488
Property Tax Rates Across Corvallis, Linn County, Oregon
Local government entities are responsible for setting tax rates, which can vary widely within a state. This variability is due to the annual process where each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Corvallis, located in Linn County, Oregon, the effective property tax rate is a reflection of this process. When compared to other cities in Oregon, Corvallis aligns closely with the state's median property tax rate. The median property tax rate in Oregon is lower than the national median of 1.02%, making it a more attractive option for property owners. This lower tax rate can result in significant savings for homeowners in Corvallis, especially when compared to the national median property tax bill of $2,400.
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 Corvallis Tax Rate
0.76%
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 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 Corvallis, Linn County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97333 | 0.44% | 0.58% | 0.76% | 0.89% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Corvallis, Linn County, Oregon
When examining property taxes in Corvallis, OR, 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 May. 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 Corvallis. For example, the median home price in Corvallis is $494,620, with tax bills ranging significantly across the county. Zip code 97333 has the highest median home price at $494,620.
Property Tax Assessment Values Across Corvallis, Linn County, Oregon
Source: Ownwell
$166,140
$411,040
$655,940
Median Corvallis Market Value
$494,620
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 Corvallis, Linn County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97333 | $63,950 | $151,050 | $494,620 | $651,065 | $816,560 |
Source: Ownwell
Property Tax Bills Across Corvallis, Linn County, Oregon
In Corvallis, Linn County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. Homeowners in Corvallis face a median property tax bill of $4,133, significantly higher than the national median of $2,400. This disparity highlights the financial impact on homeowners, making it crucial to ensure assessments are accurate.
Ownwell offers valuable assistance by reviewing property tax assessments to identify potential inaccuracies or overvaluations. By filing appeals and seeking exemptions, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share. This service not only provides financial relief but also peace of mind, knowing that property taxes are being managed effectively. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments with confidence.
Median Corvallis Tax Bill
$4,133
Median Linn County Tax Bill
$3,138
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Corvallis, Linn County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97333 | $389 | $798 | $4,133 | $5,207 | $6,337 |
Source: Ownwell