Hebo, Oregon Property Taxes
The median property tax rate in Hebo, OR is 0.58%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Hebo, the typical annual property tax bill is $1,726, which is below the national median of $2,690. Property taxes in Hebo 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 Hebo'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 Hebo 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
Hebo, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,361
$1,263
Ownwell’s Hebo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hebo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hebo 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 Hebo, Oregon
Property taxes in Hebo, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hebo is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hebo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hebo 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 Hebo's effective property tax rate to other areas in Tillamook County and the national median. For comparison, the highest median property tax rate in the region is also 0.58%, found in the zip code 97122, while the lowest median tax rate is identical at 0.58%, also in the zip code 97122. Understanding how these areas compare with Hebo 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 Hebo Tax Rate
0.58%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hebo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97122 | 0.44% | 0.50% | 0.58% | 0.70% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Hebo, Oregon
In Hebo, 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 Assessment and Taxation Office 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 Hebo, 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. The zip code with both the highest and lowest median tax bills is 97122, with the median tax bill being $1,726. Being aware of these valuation processes in Hebo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hebo Assessed Value
$234,700
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 Hebo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97122 | $83,218 | $158,780 | $234,700 | $366,720 | $560,626 |
Source: Ownwell
Property Tax Bills Across Hebo, Oregon
In Hebo, located in Tillamook County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor’s office. The assessed value is typically a percentage of the market value, and this percentage can vary. For Hebo, the median home price stands at $234,700. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the property tax bill, including the property’s location, any applicable exemptions, and local tax rates. For example, in Hebo, the tax bill for the 25th percentile is $1,113, while it rises to $2,629 for the 75th percentile and reaches $3,450 for the 90th percentile. These figures highlight the variability in tax bills based on home values and other considerations. For homeowners, these taxes contribute to local services such as schools, infrastructure, and emergency services, directly affecting the quality of life in the community. Comparing this to the national median property tax rate of 0.99%, Hebo's property tax rates offer a unique perspective on local taxation.
Average Hebo Tax Bill
$1,726
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Hebo, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97122 | $888 | $1,113 | $1,726 | $2,629 | $3,450 |
Source: Ownwell