Wood Village, Multnomah County, Oregon Property Taxes

Name: Property Tax Bills Across Wood Village, Multnomah County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wood Village, OR effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Wood Village, OR home value: $255,500
Median annual Wood Village, OR tax bill: $2,740, $340 higher than the national median property tax bill of $2,400.

How are property taxes in Multnomah calculated?

Property taxes in Wood Village, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Wood Village’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wood Village, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wood Village, Multnomah County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,916

$1,778

Ownwell’s Wood Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wood Village with just two data points. By entering your property's estimated assessed value, our calculator applies Wood Village’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Multnomah County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wood Village, Multnomah County, Oregon

Local government entities set tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Wood Village, located in Multnomah County, Oregon, the effective property tax rate is a reflection of this process. The city’s rate can be compared to the median property tax rates in Oregon and across the U.S. With the national median property tax rate at 1.02%, Wood Village's rate is below the national average, offering potential savings for property owners. This lower rate can be appealing for those looking to minimize their property tax burden while still enjoying the benefits of living in Oregon.

Property Tax Rates Across Wood Village, Multnomah County, Oregon

Source: Ownwell

0.74%

1.27%

1.81%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Wood Village Tax Rate

0.75%

Median Effective Multnomah County Tax Rate

1.07%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wood Village, Multnomah County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97060	0.63%	0.69%	0.75%	0.87%	0.94%

Source: Ownwell

Property Tax Assessment Values Across Wood Village, Multnomah County, Oregon

When examining property taxes in Wood Village, Oregon, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Multnomah County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Multnomah County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wood Village.

For example, the median home price in Wood Village is $255,500, with tax bills ranging significantly across the county. The zip code 97060 has the highest median home price at $255,500.

Property Tax Assessment Values Across Wood Village, Multnomah County, Oregon

Source: Ownwell

$140,700

$677,123

$1,213,545

Median Wood Village Market Value

$255,500

Median Multnomah County Market Value

$496,670

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wood Village, Multnomah County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97060	$26,906	$39,470	$255,500	$401,460	$610,936

Source: Ownwell

Property Tax Bills Across Wood Village, Multnomah County, Oregon

In Wood Village, located in Multnomah County, Oregon, property tax bills are calculated based on the assessed value of a home, which is often lower than the market value. The tax rate is applied to this assessed value to determine the annual property tax bill. Homeowners in Wood Village can expect a median property tax bill of $2,740, which is slightly above the national median of $2,400. This indicates a higher tax burden compared to the national average, despite Oregon's generally lower property tax rates.

Several factors influence the property tax bill, including local levies and assessments, which fund public services such as schools and infrastructure. These elements can significantly impact the financial obligations of homeowners. Ownwell offers valuable assistance by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell can identify potential savings opportunities, ensuring homeowners pay only their fair share. This can lead to substantial reductions in property tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Wood Village, Multnomah County, Oregon

Source: Ownwell

$1,850

$8,708

$15,566

Median Wood Village Tax Bill

$2,740

Median Multnomah County Tax Bill

$5,046

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Wood Village, Multnomah County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97060	$1,506	$2,039	$2,740	$4,333	$6,257

Source: Ownwell