Independence, Polk County, Oregon Property Taxes

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

Median Independence, Oregon effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Independence, Oregon home value: $341,010
Median annual Independence, Oregon tax bill: $2,914, $514 higher than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

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

Last Updated March 1, 2025

Independence, Polk County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$2,899

$2,690

Ownwell’s Independence Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Independence with just two data points.

By entering your property's estimated assessed value, our calculator applies Independence’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 Polk County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Independence, Polk County, Oregon

Local government entities establish tax rates, which can differ significantly within a state. This variation occurs because each county, like Polk County, calculates its required budget for essential services and divides it by the total value of all taxable property in the area. This computation determines the property tax rate. Although the process involves votes and regulations, this is the core of the annual procedure. Independence in Polk County, Oregon, presents an effective property tax rate of 0.85%, which is notably below the national median of 1.02%. This lower rate means residents in Independence are likely to pay less in property taxes compared to those in other parts of the country. The median property tax rate in Oregon aligns with Independence's rate, offering a consistent tax environment within the state. When compared to the national median property tax bill of $2400, property owners in Independence may find their financial obligations more manageable. This comparison highlights the benefits of understanding local tax rates and the potential savings for property owners in this region.

Property Tax Rates Across Independence, Polk County, Oregon

Source: Ownwell

0.49%

0.74%

0.98%

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 Independence Tax Rate

0.85%

Median Effective Polk County Tax Rate

0.82%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Independence, Polk County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97351	0.57%	0.73%	0.85%	0.91%	0.97%

Source: Ownwell

Property Tax Assessment Values Across Independence, Polk County, Oregon

When examining property taxes in Independence, 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 Polk County Assessor 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.

Assessment notices: Polk County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Independence.

For example, the median home price in Independence is $341,010, with tax bills ranging significantly across the county. Zip code 97351 has the highest median home price at $341,010.

Property Tax Assessment Values Across Independence, Polk County, Oregon

Source: Ownwell

$127,365

$294,613

$461,860

Median Independence Market Value

$341,010

Median Polk County Market Value

$397,555

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Independence, Polk County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97351	$93,250	$265,665	$341,010	$428,190	$556,440

Source: Ownwell

Property Tax Bills Across Independence, Polk County, Oregon

In Independence, located in Polk County, Oregon, property tax bills are calculated based on the assessed value of your home, which may differ from its market value. The local tax rate is applied to this assessed value to determine your annual tax bill. Factors such as property location, improvements, and local levies can influence the assessed value. The median home price in Independence is $341,010, with the 25th percentile tax bill at $2,045 and the 75th percentile at $3,609. This is below the national median tax bill of $2,400, providing some relief to homeowners. However, with the highest median tax bill in the area at $2,914, some homeowners might still find it burdensome. Ownwell can assist by identifying potential savings through property tax appeals or exemptions. By leveraging their expertise, homeowners can ensure they are not overpaying and potentially reduce their tax burden, aligning their bills more closely with the true value of their property.

Property Tax Bills Across Independence, Polk County, Oregon

Source: Ownwell

$741

$2,559

$4,376

Median Independence Tax Bill

$2,914

Median Polk County Tax Bill

$3,175

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Independence, Polk County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97351	$878	$2,045	$2,914	$3,609	$4,780

Source: Ownwell