Pompano Beach, Oregon Property Taxes
The median property tax rate in Pompano Beach, OR is 1.06%, which is higher than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $50,380 in Pompano Beach, the typical annual property tax bill amounts to $532, surpassing the national median of $2,690. Property taxes in Pompano Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Pompano Beach'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 Pompano Beach 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
Pompano Beach, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$534
$496
Ownwell’s Pompano Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pompano Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pompano Beach 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 Pompano Beach, Oregon
Property taxes in Pompano Beach, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pompano Beach is 1.06%, higher than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Pompano Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pompano Beach 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 Pompano Beach's effective property tax rate to other counties in Oregon and the national median. For comparison, the 33062 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Pompano Beach 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 Pompano Beach Tax Rate
1.06%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pompano Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Pompano Beach, Oregon
In Pompano Beach, 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 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 Pompano Beach, 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. The median home price in Pompano Beach is $50,380, and the median tax bill is $532. 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 Pompano Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pompano Beach Assessed Value
$50,380
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 Pompano Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | $50,380 | $50,380 | $50,380 | $50,380 | $50,380 |
Source: Ownwell
Property Tax Bills Across Pompano Beach, Oregon
In Pompano Beach, Tillamook County, property tax bills are calculated based on the assessed value of your property. The assessed value is determined by the county assessor and is a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, with a median home price of $50,380, homeowners in Pompano Beach can expect a median tax bill of $532, which is consistent across various percentiles. This tax rate is significantly lower than the national median property tax rate of 0.99%, making Pompano Beach an attractive location for homeowners seeking lower property taxes. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and property affordability.
Average Pompano Beach Tax Bill
$532
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Pompano Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | $532 | $532 | $532 | $532 | $532 |
Source: Ownwell