Rockaway Beach, Oregon Property Taxes
The median property tax rate in Rockaway Beach, OR is 0.48%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $433,490 in Rockaway Beach, the typical annual property tax bill is $1,954, which is below the national median of $2,690. Property taxes in Rockaway Beach are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Rockaway Beach'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 Rockaway Beach 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
Rockaway Beach, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$2,081
$1,931
Ownwell’s Rockaway Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockaway Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockaway 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 Rockaway Beach, Oregon
Property taxes in Rockaway 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 Rockaway Beach is 0.48%, which is lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Rockaway Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockaway 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 Rockaway Beach's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97136 has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these rates compare with Rockaway 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 Rockaway Beach Tax Rate
0.48%
Average Tillamook County Tax Rate
0.57%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockaway Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97136 | 0.37% | 0.41% | 0.48% | 0.59% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Rockaway Beach, Oregon
In Rockaway 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 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 Rockaway 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. For instance, the median home price in Rockaway Beach is $433,490, with tax bills ranging from $1,291 at the 25th percentile to $4,552 at the 90th percentile. Notably, the zip code 97136 has both the highest and lowest median tax bill at $1,954. 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 Rockaway Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rockaway Beach, Oregon
Source: Ownwell
$50,380
$532,588
$1,014,795
Average Rockaway Beach Assessed Value
$433,490
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 Rockaway Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97136 | $135,936 | $244,670 | $433,490 | $659,440 | $921,152 |
Source: Ownwell
Property Tax Bills Across Rockaway Beach, Oregon
In Rockaway Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the Tillamook County Assessor's office. This assessed value typically differs from the market value and is used to ensure a stable and predictable tax base. The tax rate is applied to the assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Rockaway Beach, the median home price stands at $433,490. Property tax bills in this area can vary significantly. For example, the 25th percentile tax bill is around $1,291, while the 75th percentile reaches $3,050. The 90th percentile tax bill can be as high as $4,552. The highest and lowest median tax bills are both $1,954, indicating a degree of consistency in tax assessments within the zip code 97136. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly. Comparing these figures to the national median property tax rate of 0.99% provides additional context for evaluating local tax burdens.
Average Rockaway Beach Tax Bill
$1,954
Average Tillamook County Tax Bill
$2,473
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockaway Beach, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97136 | $884 | $1,291 | $1,954 | $3,050 | $4,552 |
Source: Ownwell