Polk County Property Taxes
The median property tax rate in Polk County is 0.82%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $397,555, the typical annual property tax bill in Polk County reaches $3,175, which is still above the national median of $2,690. Property taxes in Polk County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Polk County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can result in substantial annual savings. Whether you reside in Dallas or another part of Polk County, having a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Polk County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$3,260
Ownwell’s Polk County Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Polk County with just two data points. Simply enter your property's estimated assessed value, and our calculator will apply the median tax rate in Polk County to provide an estimate of your property tax bill. This tool helps you understand your potential tax liabilities, making it easier to plan your finances. For more detailed trends at the city level, scroll down to navigate to a more localized informational page. Remember, your property’s assessed value is the value assigned by the county for tax calculations, considering any exemptions you may have.
Property Tax Rates Across Polk County, Oregon
Property taxes in Polk County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Polk County is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Polk County set these rates annually, and they can vary significantly between different areas within the county. Each year, Polk County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Polk County's effective property tax rate with other counties in Oregon and the national median. For comparison, the city of Salem has one of the higher property tax rates in Oregon at 0.98%, while the city of Sheridan boasts one of the lowest at 0.49%. Analyzing how Polk County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Polk County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Polk County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | 0.19% | 0.37% | 0.61% | 0.87% | 1.10% |
| Blodgett | 0.44% | 0.47% | 0.51% | 0.56% | 0.58% |
| Dallas | 0.41% | 0.59% | 0.69% | 0.75% | 0.81% |
| Falls City | 0.37% | 0.48% | 0.58% | 0.71% | 0.85% |
| Grand Ronde | 0.28% | 0.37% | 0.53% | 0.63% | 0.88% |
| Independence | 0.57% | 0.73% | 0.85% | 0.91% | 0.97% |
| Monmouth | 0.55% | 0.77% | 0.84% | 0.90% | 0.96% |
| Philomath | 0.18% | 0.47% | 0.77% | 1.05% | 1.14% |
| Rickreall | 0.18% | 0.38% | 0.64% | 0.85% | 1.02% |
| Salem | 0.72% | 0.88% | 0.98% | 1.04% | 1.09% |
| Sheridan | 0.16% | 0.27% | 0.49% | 0.71% | 0.93% |
| Willamina | 0.44% | 0.55% | 0.67% | 0.80% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Polk County, Oregon
In Polk County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Polk County Appraisal District. The assessed value, however, 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 Polk County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Salem has the highest median tax bill at $4,376, while Sheridan has the lowest at $741. Being aware of these valuation processes in Polk County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Polk County Assessed Value
$397,555
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Polk County, Oregon
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $48,044 | $72,790 | $134,350 | $333,450 | $614,814 |
| Blodgett | $81,079 | $120,168 | $185,315 | $250,462 | $289,551 |
| Dallas | $87,894 | $259,235 | $377,520 | $465,720 | $557,194 |
| Falls City | $52,256 | $92,770 | $185,710 | $268,625 | $349,646 |
| Grand Ronde | $36,600 | $65,405 | $127,365 | $282,410 | $368,932 |
| Independence | $93,250 | $265,665 | $341,010 | $428,190 | $556,440 |
| Monmouth | $91,108 | $294,595 | $398,720 | $475,210 | $562,506 |
| Philomath | $67,121 | $95,960 | $208,475 | $354,335 | $364,057 |
| Rickreall | $28,668 | $63,938 | $127,395 | $402,262 | $644,084 |
| Salem | $277,384 | $382,270 | $461,860 | $547,880 | $649,158 |
| Sheridan | $44,445 | $71,568 | $158,395 | $376,170 | $574,703 |
| Willamina | $87,352 | $177,242 | $262,125 | $306,085 | $387,255 |
Source: Ownwell
Property Tax Bills Across Polk County, Oregon
In Polk County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically lower than the market value and is adjusted annually. Homeowners in Polk County experience a range of property tax bills, with the 25th percentile at $1,903 and the 75th percentile at $4,361. The 90th percentile reaches as high as $5,687, indicating a significant variation depending on property values and local levies. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, Salem has the highest median tax bill at $4,376, while Sheridan has the lowest at $741. Compared to the national median property tax rate of 0.99%, Polk County homeowners pay a diverse range of amounts, reflecting the county's varied property values and tax levies. This variation can significantly impact homeowners' annual financial planning and budgeting.
Average Polk County Tax Bill
$3,175
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Polk County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $202 | $418 | $950 | $1,789 | $2,349 |
| Blodgett | $431 | $583 | $837 | $1,090 | $1,243 |
| Dallas | $541 | $1,523 | $2,511 | $3,319 | $4,079 |
| Falls City | $246 | $653 | $1,195 | $1,680 | $2,128 |
| Grand Ronde | $172 | $384 | $879 | $1,502 | $2,041 |
| Independence | $878 | $2,045 | $2,914 | $3,609 | $4,780 |
| Monmouth | $674 | $2,287 | $3,221 | $4,024 | $4,875 |
| Philomath | $500 | $640 | $1,036 | $2,263 | $2,996 |
| Rickreall | $168 | $404 | $945 | $1,792 | $3,077 |
| Salem | $2,448 | $3,426 | $4,376 | $5,486 | $6,641 |
| Sheridan | $186 | $367 | $741 | $1,626 | $2,669 |
| Willamina | $640 | $1,093 | $1,708 | $2,269 | $2,805 |
Source: Ownwell
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