Beaver, Oregon Property Taxes
The median property tax rate in Beaver, OR is 0.61%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Beaver at $277,895, the typical annual property tax bill reaches $2,006, falling below the national median of $2,690. Property taxes in Beaver are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beaver'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 Beaver 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
Beaver, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,695
Ownwell’s Beaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, Oregon
Property taxes in Beaver, Oregon, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver is 0.61%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97108 has the highest median property tax rate of 0.61%, while zip code 97112 has the lowest median tax rate of 0.56%. Understanding how these areas compare with Beaver provides valuable insights into the varying tax landscape across Tillamook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Tax Rate
0.61%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97108 | 0.44% | 0.51% | 0.61% | 0.70% | 0.84% |
| 97112 | 0.44% | 0.51% | 0.56% | 0.67% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, Oregon
In Beaver, 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 Tillamook 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 Beaver, 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. For instance, in Beaver, the highest median tax bill is $2,152 in zip code 97112, while the lowest is $1,987 in zip code 97108. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaver Assessed Value
$277,895
Average Tillamook County Assessed Value
$397,740
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97108 | $34,535 | $159,808 | $269,020 | $466,068 | $702,306 |
| 97112 | $231,582 | $282,968 | $356,370 | $460,918 | $643,826 |
Source: Ownwell
Property Tax Bills Across Beaver, Oregon
In Beaver, property tax bills are calculated based on the assessed value of your home, which is determined by the Tillamook County assessor. The assessed value is typically a percentage of the market value, reflecting current real estate conditions. Factors such as property size, location, and improvements can influence this assessment. Once the assessed value is established, the tax rate for the area is applied. For instance, in Beaver, homeowners can expect to pay a median property tax bill that varies significantly. The 25th percentile tax bill is $1,186, while the 75th percentile reaches $2,924, and the 90th percentile can go up to $4,179. The highest median tax bill in the area is $2,152 in the 97112 zip code, whereas the lowest median tax bill is $1,987 in the 97108 zip code. These tax bills impact homeowners by affecting their annual expenses and potentially influencing their decisions on property improvements and investments. With the national median property tax rate at 0.99%, Beaver's property tax landscape offers a range of financial implications for its residents.
Average Beaver Tax Bill
$2,006
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97108 | $754 | $1,178 | $1,987 | $2,930 | $4,222 |
| 97112 | $1,418 | $1,697 | $2,152 | $2,351 | $3,279 |
Source: Ownwell