Kent, Oregon Property Taxes
The median property tax rate in Kent, OR is 0.75%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Kent, the typical annual property tax bill reaches $1,835, falling below the national median of $2,690. Property taxes in Kent are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Kent's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kent 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
Kent, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,543
Ownwell’s Kent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent 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 Kent, Oregon
Property taxes in Kent, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kent is 0.75%, lower than the U.S. national median of 0.99%. Local government entities within Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent 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 Kent's effective property tax rate to other counties and the national median. For comparison, the 97033 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Kent provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kent Tax Rate
0.75%
Average Sherman County Tax Rate
0.76%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kent, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97033 | 0.59% | 0.66% | 0.75% | 0.83% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Kent, Oregon
In Kent, 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 Sherman 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 Kent, 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 Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 97033, with a median tax bill of $1835.
Average Kent Assessed Value
$205,720
Average Sherman County Assessed Value
$168,555
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kent, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97033 | $8,634 | $59,615 | $205,720 | $414,362 | $718,027 |
Source: Ownwell
Property Tax Bills Across Kent, Oregon
In Kent, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Kent is $205,720. Property tax rates are applied to this assessed value to determine the annual tax bill. Various factors, including the property's location, size, and improvements, influence the assessed value. Homeowners in Kent can expect their property tax bills to vary significantly, with the 25th percentile at $316, the 75th percentile at $3,742, and the 90th percentile reaching up to $5,363. Compared to the national median property tax rate of 0.99%, the property taxes in Kent can be relatively high, impacting homeowners' annual budgets. The highest and lowest median tax bills in Kent are both $1,835, highlighting a consistent tax rate within certain areas of the city. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Kent Tax Bill
$1,835
Average Sherman County Tax Bill
$1,207
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Kent, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97033 | $86 | $316 | $1,835 | $3,742 | $5,363 |
Source: Ownwell