Willamina, Polk County, Oregon Property Taxes
The median property tax rate in Willamina, OR is 0.67%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $262,125 in Willamina, the typical annual property tax bill is approximately $1,708, which is also below the national median of $2,690. Property taxes in Willamina are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Willamina's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Willamina 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
Willamina, Polk County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,756
$1,630
Ownwell’s Willamina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willamina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willamina 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 Willamina, Polk County, Oregon
Property taxes in Willamina, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willamina is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Willamina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willamina 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 Willamina's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97396 has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Willamina provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willamina Tax Rate
0.67%
Average Polk County Tax Rate
0.82%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willamina, Polk County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97396 | 0.44% | 0.55% | 0.67% | 0.80% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Willamina, Polk County, Oregon
In Willamina, 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 Polk 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. In Willamina, 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. The median home price in Willamina is $262,125, with tax bills ranging from $1,093 at the 25th percentile to $2,805 at the 90th percentile. The highest and lowest median tax bills are both $1,708, found in the 97396 zip code. 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 Willamina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Willamina, Polk County, Oregon
Source: Ownwell
$127,365
$294,613
$461,860
Average Willamina Assessed Value
$262,125
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 Willamina, Polk County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97396 | $87,352 | $177,242 | $262,125 | $306,085 | $387,255 |
Source: Ownwell
Property Tax Bills Across Willamina, Polk County, Oregon
In Willamina, located in Polk County, OR, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and may differ from the market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including property size, location, and improvements. Homeowners in Willamina can expect tax bills that vary widely. For instance, the 25th percentile tax bill is around $1,093, while the 75th percentile reaches $2,269. At the 90th percentile, homeowners may see tax bills as high as $2,805. These property taxes fund essential local services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Willamina’s tax rates reflect its local economic conditions and funding requirements, directly impacting homeowners' annual expenses.
Average Willamina Tax Bill
$1,708
Average Polk County Tax Bill
$3,175
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Willamina, Polk County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97396 | $640 | $1,093 | $1,708 | $2,269 | $2,805 |
Source: Ownwell