North Plains, Oregon Property Taxes
The median property tax rate in North Plains, OR is 1.05%, slightly higher than the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in North Plains at $257,880, the typical annual property tax bill reaches $2,269, which is below the national median of $2,690. Property taxes in North Plains are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Plains 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
North Plains, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$2,708
$2,513
Ownwell’s NORTH PLAINS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NORTH PLAINS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NORTH PLAINS 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 North Plains, Oregon
Property taxes in North Plains, Oregon, play a crucial role in financing essential local services, including public schools, road maintenance, and emergency services. The median tax rate in North Plains is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within North Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Plains 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 North Plains' effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97133 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these figures compare with North Plains provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Plains Tax Rate
1.05%
Average Multnomah County Tax Rate
1.07%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Plains, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97133 | 0.71% | 0.81% | 1.05% | 1.73% | 3.70% |
Source: Ownwell
Property Tax Assessment Values Across North Plains, Oregon
In North Plains, 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 Multnomah County Appraisal District 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 North Plains, 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 North Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97133 has the highest median tax bill at $2,269, while the lowest median tax bill is also in the same zip code at $2,269.
Property Tax Assessment Values Across North Plains, Oregon
Source: Ownwell
$140,700
$1,826,360
$3,512,020
Average North Plains Assessed Value
$257,880
Average Multnomah County Assessed Value
$496,670
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Plains, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97133 | $18,150 | $40,462 | $257,880 | $592,928 | $662,190 |
Source: Ownwell
Property Tax Bills Across North Plains, Oregon
Property tax bills in North Plains, located in Multnomah County, OR, are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and reflects a percentage of the market value of the home. For instance, with a median home price of $257,880, homeowners in North Plains can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $546, while at the 75th percentile, it rises to approximately $4,301. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Homeowners in North Plains should be aware that their tax bills can be higher or lower depending on these variables. Compared to the national median property tax rate of 0.99%, the tax liability in North Plains can be considered moderate to high. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average North Plains Tax Bill
$2,269
Average Multnomah County Tax Bill
$5,046
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across North Plains, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97133 | $220 | $546 | $2,269 | $4,301 | $5,757 |
Source: Ownwell