Neskowin, Oregon Property Taxes
The median property tax rate in Neskowin, OR is 0.64%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $700,210 in Neskowin, the typical annual property tax bill amounts to $4,568, significantly surpassing the national median of $2,690. Property taxes in Neskowin are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Neskowin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Neskowin or another part of Tillamook County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neskowin, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$4,481
$4,159
Ownwell’s Neskowin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neskowin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neskowin 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 Neskowin, Oregon
Property taxes in Neskowin, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neskowin is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Neskowin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neskowin 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 Neskowin's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97149 zip code has the highest median property tax rate of 0.64%, while the 97149 zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Neskowin 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 Neskowin Tax Rate
0.64%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neskowin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97149 | 0.52% | 0.57% | 0.64% | 0.74% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Neskowin, Oregon
In Neskowin, 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 Neskowin, 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 highest median tax bill in Neskowin is $4,568 in the 97149 zip code, which also has the lowest median tax bill at the same amount. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Neskowin Assessed Value
$700,210
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 Neskowin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97149 | $261,834 | $473,205 | $700,210 | $963,368 | $1,326,939 |
Source: Ownwell
Property Tax Bills Across Neskowin, Oregon
In Neskowin, property tax bills are calculated based on the assessed value of the property, which is determined by the Tillamook County Assessor's Office. The assessed value is typically lower than the market value and serves as the basis for the tax rate, which in Oregon is a combination of various levies including county, city, and school district taxes. Homeowners in Neskowin can expect their tax bills to vary significantly, with the 25th percentile at $3,073 and the 75th percentile at $6,341. The highest median tax bill in the area is $4,568, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions or abatements. Understanding these elements is crucial for homeowners to anticipate their tax obligations. High property taxes can impact affordability and the overall cost of homeownership, making it essential for residents to stay informed about their property assessments and potential tax liabilities.
Average Neskowin Tax Bill
$4,568
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Neskowin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97149 | $1,842 | $3,073 | $4,568 | $6,341 | $8,797 |
Source: Ownwell