Netarts, Oregon Property Taxes
The median property tax rate in Netarts, OR is 0.74%, lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $449,510 in Netarts, the typical annual property tax bill reaches $3,418, surpassing the national median of $2,690. Property taxes in Netarts are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. Understanding Netarts' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Netarts 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
Netarts, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Netarts Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Netarts with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Netarts 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 Netarts, Oregon
Property taxes in Netarts, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Netarts is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Netarts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Netarts 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 Netarts' effective property tax rate to other areas in Tillamook County and the national median. For comparison, the zip code 97143 has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Netarts 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 Netarts Tax Rate
0.74%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Netarts, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97143 | 0.55% | 0.65% | 0.74% | 0.81% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Netarts, Oregon
In Netarts, 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 Netarts, 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 Netarts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 97143, with a median tax bill of $3,418.
Average Netarts Assessed Value
$449,510
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 Netarts, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97143 | $203,783 | $410,095 | $449,510 | $533,695 | $742,625 |
Source: Ownwell
Property Tax Bills Across Netarts, Oregon
In Netarts, part of Tillamook County, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to produce the annual tax bill. Factors influencing the assessed value include the property's size, location, and condition, as well as recent sales of comparable properties in the area. Homeowners in Netarts typically see tax bills ranging from $2,854 at the 25th percentile to $4,254 at the 90th percentile, with a median home price of $449,510. This variability can significantly impact homeowners' finances, influencing their overall cost of living and potential resale value. Compared to the national median property tax rate of 0.99%, the tax obligations in Netarts reflect the local economic conditions and property values, highlighting the importance of understanding regional tax calculations for effective financial planning.
Average Netarts Tax Bill
$3,418
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Netarts, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97143 | $2,025 | $2,854 | $3,418 | $3,866 | $4,254 |
Source: Ownwell