Stayton, Oregon Property Taxes
The median property tax rate in Stayton, OR is 0.52%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Stayton at $600,090, the typical annual property tax bill reaches $2,956, which is above the national median of $2,690. Property taxes in Stayton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stayton'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 Stayton 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
Stayton, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$3,120
$2,896
Ownwell’s Stayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stayton 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 Stayton, Oregon
Property taxes in Stayton, Oregon, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stayton is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Stayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stayton 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 Stayton's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97383 zip code has the highest median property tax rate of 0.52%, while the same 97383 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Stayton 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 Stayton Tax Rate
0.52%
Average Linn County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stayton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97383 | 0.30% | 0.40% | 0.52% | 0.65% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Stayton, Oregon
In Stayton, 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 Stayton, 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 Stayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 97383, at $2,956, which is also the lowest median tax bill in the area.
Average Stayton Assessed Value
$600,090
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 Stayton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97383 | $97,288 | $344,710 | $600,090 | $746,105 | $888,908 |
Source: Ownwell
Property Tax Bills Across Stayton, Oregon
In Stayton, Linn County, OR, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and improvements. Homeowners in Stayton face a median property tax rate that is competitive compared to the national median of 0.99%. For instance, the median home price in Stayton is $600,090, leading to tax bills that vary significantly. At the 25th percentile, homeowners might pay around $1,662, while those at the 75th percentile could see bills as high as $4,193. The top 10% of taxpayers face even higher bills, reaching up to $5,422. This variability in tax bills can significantly impact homeowners, with higher assessed values leading to proportionally higher taxes. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Stayton Tax Bill
$2,956
Average Linn County Tax Bill
$3,138
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Stayton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97383 | $640 | $1,662 | $2,956 | $4,193 | $5,422 |
Source: Ownwell