Aurora, Marion County, Oregon Property Taxes
The median property tax rate in Aurora, OR is 0.59%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Aurora at $361,050, the typical annual property tax bill amounts to $2,010, which is below the national median of $2,690. Property taxes in Aurora are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Aurora'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 Aurora 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
Aurora, Marion County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$2,130
$1,977
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, Marion County, Oregon
Property taxes in Aurora, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 0.59%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97002 zip code has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Aurora provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
0.59%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Marion County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97002 | 0.38% | 0.48% | 0.59% | 0.80% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Marion County, Oregon
In Aurora, 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 Marion 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 Aurora, 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. For instance, the median home price in Aurora is $361,050, with tax bills ranging from $1,125 at the 25th percentile to $5,759 at the 90th percentile. The zip code 97002 has the highest and lowest median tax bills at $2,010. Being aware of these valuation processes in Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Aurora, Marion County, Oregon
Source: Ownwell
$168,200
$336,335
$504,470
Average Aurora Assessed Value
$361,050
Average Marion County Assessed Value
$390,390
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Marion County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97002 | $62,382 | $196,818 | $361,050 | $592,292 | $819,180 |
Source: Ownwell
Property Tax Bills Across Aurora, Marion County, Oregon
In Aurora, Marion County, OR, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by county assessors. For instance, with a median home price of $361,050, homeowners can expect varying tax bills based on their property's assessed value and specific tax rate. Several factors influence the tax bill, including property size, location, and improvements. Additionally, local levies and bonds for public services like schools and infrastructure can impact the total amount. Homeowners in Aurora might see tax bills ranging significantly; the 25th percentile tax bill is around $1,125, while the 75th percentile reaches up to $4,272, and the 90th percentile can be as high as $5,759. These property taxes are vital for funding essential community services but can also represent a substantial financial obligation for homeowners. Understanding how these taxes are calculated helps residents plan and manage their finances more effectively.
Average Aurora Tax Bill
$2,010
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Marion County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97002 | $425 | $1,125 | $2,010 | $4,272 | $5,759 |
Source: Ownwell