Lyons, Oregon Property Taxes
The median property tax rate in Lyons, OR is 0.44%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Lyons at $441,245, the typical annual property tax bill comes to $1,787, significantly below the national median of $2,690. Property taxes in Lyons are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lyons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lyons or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lyons, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,941
Ownwell’s Lyons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyons 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 Lyons, Oregon
Property taxes in Lyons, Oregon, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyons is 0.44%, which is lower than the U.S. national median of 0.99%. Local government entities within Lyons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyons 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 Lyons' effective property tax rate to other areas in Oregon and the national median. For comparison, the 97358 zip code has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Lyons 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 Lyons Tax Rate
0.44%
Average Marion County Tax Rate
0.84%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyons, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97358 | 0.18% | 0.31% | 0.44% | 0.52% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Oregon
In Lyons, 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. Assessment notices in Lyons 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 Lyons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97358 has the highest and lowest median tax bill, both at $1787.
Average Lyons Assessed Value
$441,245
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 Lyons, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97358 | $163,665 | $262,192 | $441,245 | $649,378 | $848,850 |
Source: Ownwell
Property Tax Bills Across Lyons, Oregon
In Lyons, located in Marion County, OR, property tax bills are determined based on a combination of the assessed value of the property and the local tax rate. The assessed value is derived from the market value of the home, which in Lyons has a median price of $441,245. Local tax authorities then apply the relevant tax rate to this assessed value to calculate the tax bill. Homeowners in Lyons can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $1,061, while the 75th percentile tax bill reaches $2,746. At the 90th percentile, homeowners could see tax bills as high as $3,804. Interestingly, the median tax bill in the 97358 zip code is $1,787, which is higher than the national median property tax rate of 0.99%. These property tax bills directly impact homeowners by influencing their annual expenses and potentially affecting their financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their budgets accordingly.
Average Lyons Tax Bill
$1,787
Average Marion County Tax Bill
$3,229
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyons, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97358 | $590 | $1,061 | $1,787 | $2,746 | $3,804 |
Source: Ownwell