Nehalem, Oregon Property Taxes
The median property tax rate in Nehalem, 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 Nehalem at $416,025, the typical annual property tax bill reaches $2,607, slightly below the national median of $2,690. Property taxes in Nehalem 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 Nehalem'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 Nehalem 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
Nehalem, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$2,455
$2,278
Ownwell’s Nehalem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nehalem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nehalem 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 Nehalem, Oregon
Property taxes in Nehalem, Oregon, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nehalem is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Nehalem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nehalem 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 Nehalem's effective property tax rate to other areas and the national median. For comparison, the 97131 zip code has the same median property tax rate of 0.59%. Understanding how these areas compare with Nehalem 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 Nehalem 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 Nehalem, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97131 | 0.45% | 0.51% | 0.59% | 0.71% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Nehalem, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nehalem, Oregon. 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 local appraisal district 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 Nehalem, 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 Nehalem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Nehalem both stand at $2,607, with the zip code 97131 reflecting this value.
Average Nehalem Assessed Value
$416,025
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 Nehalem, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97131 | $40,302 | $195,012 | $416,025 | $720,128 | $1,131,958 |
Source: Ownwell
Property Tax Bills Across Nehalem, Oregon
In Nehalem, Tillamook County, OR, property tax bills are calculated based on the assessed value of a home. The assessed value is typically lower than the market value and is determined by the county assessor. Homeowners in Nehalem can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,579, while at the 75th percentile, it reaches $3,968. At the 90th percentile, it can go as high as $6,242. These variations are influenced by factors such as property size, location, and any improvements made to the property. The median home price in Nehalem is $416,025, which provides a benchmark for understanding these tax bills. Compared to the national median property tax rate of 0.99%, Nehalem's property taxes can be higher or lower depending on the specific assessed value of the property. This affects homeowners by impacting their annual financial planning and overall cost of homeownership.
Average Nehalem Tax Bill
$2,607
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Nehalem, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97131 | $521 | $1,579 | $2,607 | $3,968 | $6,242 |
Source: Ownwell