Manzanita, Oregon Property Taxes
The median property tax rate in Manzanita, OR is 0.54%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Manzanita at $866,670, the typical annual property tax bill reaches $4,555, significantly exceeding the national median of $2,690. Property taxes in Manzanita 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 Manzanita'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 Manzanita 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
Manzanita, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$4,680
Ownwell’s Manzanita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manzanita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manzanita 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 Manzanita, Oregon
Property taxes in Manzanita, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manzanita is 0.54%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Manzanita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manzanita 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 Manzanita's effective property tax rate to other regions in Oregon and the national median. For comparison, the 97130 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these figures compare with Manzanita 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 Manzanita Tax Rate
0.54%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manzanita, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97130 | 0.45% | 0.49% | 0.54% | 0.59% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Manzanita, Oregon
In Manzanita, 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 Manzanita, 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, the median home price in Manzanita is $866,670, with tax bills ranging from $3,612 at the 25th percentile to $7,363 at the 90th percentile. The zip code 97130 has both the highest and lowest median tax bills at $4,555. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Manzanita Assessed Value
$866,670
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 Manzanita, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97130 | $486,094 | $650,910 | $866,670 | $1,094,110 | $1,382,988 |
Source: Ownwell
Property Tax Bills Across Manzanita, Oregon
In Manzanita, Tillamook County, 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 $866,670, homeowners can expect their tax bills to vary widely. The 25th percentile tax bill is around $3,612, while the 75th percentile reaches $5,843, and the 90th percentile climbs to $7,363. Factors influencing the tax bill include the home's assessed value, any applicable exemptions, and the specific tax rate set by local taxing authorities. The highest median tax bill in the area is $4,555, and the lowest is also $4,555, both within the 97130 zip code, indicating a consistent tax rate across the region. These property taxes play a significant role in funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Manzanita Tax Bill
$4,555
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Manzanita, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97130 | $2,941 | $3,612 | $4,555 | $5,843 | $7,363 |
Source: Ownwell