Cloverdale, Oregon Property Taxes
The median property tax rate in Cloverdale, OR is 0.59%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Cloverdale at $388,800, the typical annual property tax bill reaches $2,419, which is below the national median of $2,690. Property taxes in Cloverdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cloverdale'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 Cloverdale or another part of Tillamook County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cloverdale, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$2,294
$2,129
Ownwell’s Cloverdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cloverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cloverdale 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 Cloverdale, Oregon
Property taxes in Cloverdale, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cloverdale is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Cloverdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cloverdale 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 Cloverdale's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97112 has both the highest and lowest median property tax rate of 0.59% within the region. Understanding how these rates compare with Cloverdale 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 Cloverdale Tax Rate
0.59%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cloverdale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97112 | 0.43% | 0.51% | 0.59% | 0.68% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Cloverdale, Oregon
In Cloverdale, 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 Cloverdale, 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 Cloverdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Cloverdale both stand at $2419, found in the 97112 zip code.
Average Cloverdale Assessed Value
$388,800
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 Cloverdale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97112 | $117,622 | $237,390 | $388,800 | $651,965 | $960,100 |
Source: Ownwell
Property Tax Bills Across Cloverdale, Oregon
In Cloverdale, Tillamook County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $388,800, homeowners can expect varying tax bills depending on their property's unique assessed value and the specific tax rate applied. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, tax bills in Cloverdale range significantly, with the 25th percentile at $1,495 and the 75th percentile reaching $3,928. At the higher end, the 90th percentile of tax bills climbs to $5,757. These figures highlight the variability in tax obligations for homeowners, potentially impacting their financial planning and long-term investment decisions. Understanding these factors can help homeowners anticipate and manage their property tax responsibilities more effectively.
Average Cloverdale Tax Bill
$2,419
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Cloverdale, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97112 | $861 | $1,495 | $2,419 | $3,928 | $5,757 |
Source: Ownwell