Oceanside, Oregon Property Taxes
The median property tax rate in Oceanside, OR is 0.70%, which is notably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Oceanside at $684,950, the typical annual property tax bill amounts to $4,841, surpassing the national median of $2,690. Property taxes in Oceanside are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oceanside'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 Oceanside 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
Oceanside, 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 Oceanside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oceanside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oceanside 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 Oceanside, Oregon
Property taxes in Oceanside, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oceanside is 0.70%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Oceanside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oceanside 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 Oceanside's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97134 zip code has the highest median property tax rate of 0.70%, while the 97134 zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Oceanside 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 Oceanside Tax Rate
0.70%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oceanside, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97134 | 0.55% | 0.62% | 0.70% | 0.80% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Oceanside, Oregon
In Oceanside, 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 Oceanside, 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 Oceanside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Oceanside is $684,950, with tax bills ranging from $3,464 at the 25th percentile to $7,952 at the 90th percentile. The zip code 97134 has the highest and lowest median tax bill, both at $4,841.
Average Oceanside Assessed Value
$684,950
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 Oceanside, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97134 | $380,168 | $510,788 | $684,950 | $890,700 | $1,228,296 |
Source: Ownwell
Property Tax Bills Across Oceanside, Oregon
In Oceanside, located in Tillamook County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. The median home price in Oceanside is $684,950, and homeowners can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $3,464, while at the 75th percentile, it rises to $6,069. At the 90th percentile, the tax bill reaches $7,952. These figures highlight the impact of property values and local tax rates on the overall tax burden. When compared to the national median property tax rate of 0.99%, Oceanside's tax bills reflect the local economic conditions and property market dynamics. High property taxes can affect homeowners by increasing the cost of homeownership, potentially influencing decisions around buying, selling, or maintaining a property.
Average Oceanside Tax Bill
$4,841
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Oceanside, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97134 | $2,734 | $3,464 | $4,841 | $6,069 | $7,952 |
Source: Ownwell