Keizer, Marion County, Oregon Property Taxes
The median property tax rate in Keizer, OR is 0.85%, slightly lower than both the state median of 0.86% and the national median of 0.99%. With a median home value of $415,720, the typical annual property tax bill in Keizer reaches $3,497, surpassing the national median of $2,690. Property taxes in Keizer are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Keizer'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 Keizer 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
Keizer, Marion County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$3,534
$3,279
Ownwell’s Keizer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keizer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keizer 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 Keizer, Marion County, Oregon
Property taxes in Keizer, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keizer is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Keizer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keizer 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 Keizer's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97303 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Keizer 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 Keizer Tax Rate
0.85%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keizer, Marion County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97303 | 0.72% | 0.79% | 0.85% | 0.91% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Keizer, Marion County, Oregon
In Keizer, 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 Keizer, 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. For instance, the median home price in Keizer is $415,720, with property tax bills ranging from $2,891 at the 25th percentile to $5,460 at the 90th percentile. The highest and lowest median tax bills in the area are both $3,497, found in the 97303 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Keizer, Marion County, Oregon
Source: Ownwell
$168,200
$336,335
$504,470
Average Keizer Assessed Value
$415,720
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 Keizer, Marion County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97303 | $270,682 | $348,020 | $415,720 | $494,580 | $605,346 |
Source: Ownwell
Property Tax Bills Across Keizer, Marion County, Oregon
In Keizer, located in Marion County, OR, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is typically a percentage of the market value of your property. For instance, with a median home price of $415,720, the tax bill varies significantly. The tax bill at the 25th percentile is around $2,891, while at the 75th percentile, it rises to approximately $4,356. For those at the 90th percentile, the tax bill can reach up to $5,460. Several factors influence these tax bills, including property location, improvements, and local tax rates. Homeowners in the zip code 97303 experience a median tax bill of $3,497, which is the highest in the area. Compared to the national median property tax rate of 0.99%, Keizer's tax rates can be relatively higher, impacting homeowners' annual expenses. Understanding these elements can help homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Keizer Tax Bill
$3,497
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Keizer, Marion County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97303 | $2,199 | $2,891 | $3,497 | $4,356 | $5,460 |
Source: Ownwell