Gaston, Oregon Property Taxes
The median property tax rate in Gaston, OR is 0.66%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Gaston at $454,680, the typical annual property tax bill reaches $3,175, surpassing the national median of $2,690. Property taxes in Gaston 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 Gaston'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 Gaston 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
Gaston, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$3,001
Ownwell’s Gaston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gaston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gaston 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 Gaston, Oregon
Property taxes in Gaston, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gaston is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Gaston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gaston 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 Gaston's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97119 has both the highest and the lowest median property tax rate of 0.66%. Understanding how these areas compare with Gaston 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 Gaston Tax Rate
0.66%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gaston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97119 | 0.46% | 0.55% | 0.66% | 0.79% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Gaston, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gaston, Oregon. 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 Assessment and Taxation Office 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 Gaston, 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 Gaston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Gaston is $454,680, with the highest and lowest median tax bills both being $3,175 in zip code 97119.
Average Gaston Assessed Value
$454,680
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 Gaston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97119 | $70,750 | $325,500 | $454,680 | $650,890 | $832,100 |
Source: Ownwell
Property Tax Bills Across Gaston, Oregon
In Gaston, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the property tax rate set by Washington County. For example, the median home price in Gaston is $454,680. Depending on various factors like property location and specific tax levies, homeowners can expect their tax bills to vary. At the 25th percentile, tax bills are around $2,045, while at the 75th percentile, they rise to approximately $4,367. For those at the 90th percentile, tax bills can reach up to $5,713. Several factors influence these variations, including changes in property values, local government budgets, and voter-approved measures. The highest and lowest median tax bills in the area are both $3,175, indicating a degree of uniformity in certain neighborhoods. Compared to the national median property tax rate of 0.99%, Gaston's tax rates can significantly impact homeowners' annual expenses, making it essential for residents to understand how their property tax bills are determined.
Average Gaston Tax Bill
$3,175
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Gaston, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97119 | $967 | $2,045 | $3,175 | $4,367 | $5,713 |
Source: Ownwell