Weston, Oregon Property Taxes
The median property tax rate in Weston, OR is 0.23%, significantly lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Weston, the typical annual property tax bill is $486, well below the national median of $2,690. Property taxes in Weston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weston’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 Weston 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
Weston, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$490
Ownwell’s Weston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weston 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 Weston, Oregon
Property taxes in Weston, Oregon, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Weston is 0.23%, which is significantly lower than both the Oregon state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston 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 Weston's effective property tax rate to other counties in Oregon and the national median. For comparison, the highest median property tax rate in Oregon is found in 97201 with a rate of 1.13%, while the lowest median tax rate is in 97401 at 0.60%. Understanding how these cities compare with Weston provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weston Tax Rate
0.23%
Average Union County Tax Rate
0.94%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97886 | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% |
Source: Ownwell
Property Tax Assessment Values Across Weston, Oregon
In Weston, 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 local 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 Weston, 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 Weston 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 bills is 97886, both at $486.
Average Weston Assessed Value
$213,220
Average Union County Assessed Value
$216,270
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97886 | $213,220 | $213,220 | $213,220 | $213,220 | $213,220 |
Source: Ownwell
Property Tax Bills Across Weston, Oregon
In Weston, OR, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the Union County Assessor's Office and is typically a percentage of the property's market value. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Weston, the median home price is $213,220. Given the local tax rate, the median property tax bill is $486, which is significantly lower than the national median property tax rate of 0.99%. This lower tax rate can be advantageous for homeowners, as it reduces the annual financial burden associated with property ownership. Additionally, the property tax bill remains consistent across different percentiles in Weston, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $486. This uniformity suggests a stable tax environment, providing predictability for homeowners planning their annual budgets.
Average Weston Tax Bill
$486
Average Union County Tax Bill
$1,979
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97886 | $486 | $486 | $486 | $486 | $486 |
Source: Ownwell