Buxton, Oregon Property Taxes
The median property tax rate in Buxton, 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 a median home value of $264,670 in Buxton, the typical annual property tax bill amounts to $2,170, falling below the national median of $2,690. Property taxes in Buxton are determined based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Buxton's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Buxton or another part of Washington County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buxton, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,853
$1,719
Ownwell’s Buxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buxton 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 Buxton, Oregon
Property taxes in Buxton, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buxton is 0.70%, lower than the U.S. national median of 0.99%. Local government entities within Buxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buxton 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 Buxton's effective property tax rate to other areas in Washington County and the national median. For comparison, the 97109 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Buxton provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buxton Tax Rate
0.70%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buxton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97109 | 0.47% | 0.58% | 0.70% | 0.84% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Buxton, Oregon
In Buxton, 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 Washington 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 Buxton, 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 Buxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Buxton is $264,670, with the 25th percentile tax bill at $720 and the 75th percentile tax bill at $3,335. The highest and lowest median tax bills are both $2,170, found in the 97109 zip code.
Average Buxton Assessed Value
$264,670
Average Washington County Assessed Value
$529,930
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buxton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97109 | $3,482 | $25,270 | $264,670 | $485,785 | $657,290 |
Source: Ownwell
Property Tax Bills Across Buxton, Oregon
In Buxton, Washington County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax bill is influenced by several factors, including the market value of the property, local tax rates, and any applicable exemptions. For instance, with a median home price of $264,670, homeowners can expect varying tax bills depending on these elements. The tax bill at the 25th percentile is around $720, while at the 75th percentile, it rises to approximately $3,335. For those at the 90th percentile, tax bills can go up to $4,509. This variation illustrates how different factors, such as property value and local tax rates, impact the final amount. Homeowners in the zip code 97109 experience a median tax bill of $2,170, which aligns with the highest and lowest median tax bills in the area. These property taxes significantly affect homeowners, influencing their overall housing costs and financial planning. Understanding how these bills are calculated can help homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Buxton Tax Bill
$2,170
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Buxton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97109 | $100 | $720 | $2,170 | $3,335 | $4,509 |
Source: Ownwell