Forest Grove, Oregon Property Taxes
The median property tax rate in Forest Grove, OR is 0.99%, aligning with the national median but higher than Oregon's state median of 0.86%. With a median home value of $447,250 in Forest Grove, the typical annual property tax bill reaches $4,358, significantly surpassing the national median of $2,690. Property taxes in Forest Grove are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Forest Grove'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 Forest Grove or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forest Grove, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$4,428
Ownwell’s Forest Grove Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forest Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forest Grove 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 Forest Grove, Oregon
Property taxes in Forest Grove, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forest Grove is 0.99%, aligning with both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Forest Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forest Grove 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 Forest Grove's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97116 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Forest Grove 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 Forest Grove Tax Rate
0.99%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forest Grove, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97116 | 0.72% | 0.87% | 0.99% | 1.09% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Forest Grove, Oregon
In Forest Grove, 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 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 Forest Grove, 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 Forest Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 97116 has both the highest and lowest median tax bills, each at $4,358, compared to the national median property tax rate of 0.99%.
Average Forest Grove Assessed Value
$447,250
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 Forest Grove, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97116 | $207,408 | $363,980 | $447,250 | $549,100 | $658,408 |
Source: Ownwell
Property Tax Bills Across Forest Grove, Oregon
In Forest Grove, Washington County, OR, property tax bills are determined based on the assessed value of a home, which is influenced by various factors such as market trends, property improvements, and local government budgets. The median home price in Forest Grove is $447,250, making it crucial for homeowners to understand how their tax bills are calculated. The tax rate is applied to the assessed value of the property, resulting in the annual tax bill. For instance, the 25th percentile tax bill is $3,541, while the 75th percentile tax bill is $5,555, and the 90th percentile tax bill can reach up to $6,912. This variation highlights how different factors, such as property size and location within the city, can significantly impact the tax amount. Compared to the national median property tax rate of 0.99%, Forest Grove's property taxes can be relatively high, affecting homeowners' annual financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their budgets effectively.
Average Forest Grove Tax Bill
$4,358
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Forest Grove, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97116 | $2,525 | $3,541 | $4,358 | $5,555 | $6,912 |
Source: Ownwell