King City, Washington County, Oregon Property Taxes
Median King City, OR effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the Oregon state median of 0.86%.
Median King City, OR home value: $651,830
Median annual King City, OR tax bill: $6,478, $4,078 higher than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in King City, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding King City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in King City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
King City, Washington County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$6,453
$5,988
Ownwell’s King City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in King City with just two data points.
By entering your property's estimated assessed value, our calculator applies King City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Washington County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across King City, Washington County, Oregon
Local government entities are responsible for setting tax rates, which can vary significantly within Oregon. Each year, counties estimate the budget they need to provide essential services and divide this by the total assessed value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. While the process involves votes and legal frameworks, this is the basic annual procedure.
In King City, located in Washington County, the effective property tax rate is 0.99%. This rate is slightly below the national median property tax rate of 1.02%. Comparing King City's rate to the state's median rate of 0.99%, it aligns closely with Oregon's average. However, King City's property tax rate is in line with the national median, offering a competitive edge in terms of property taxes.
Understanding these rates provides valuable insights for property owners and potential buyers. By comparing the property tax rates in King City with those in other cities across Oregon and the national median, homeowners can make informed decisions about their investments and potential savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective King City Tax Rate
0.99%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Washington County Tax Rate
0.93%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across King City, Washington County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97224 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across King City, Washington County, Oregon
When examining property taxes in King City, Oregon, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Washington County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in King City.
For example, the median home price in King City is $651,830, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across King City, Washington County, Oregon
Source: Ownwell
$264,670
$594,470
$924,270
Median King City Market Value
$651,830
Median Washington County Market Value
$529,930
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across King City, Washington County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97224 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across King City, Washington County, Oregon
In King City, located in Washington County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the home's market value, and the tax rate is applied to this assessed value to determine the annual tax bill. The median home price in King City is $651,830, contributing to a typical tax bill of $6,478, which is significantly higher than the national median property tax bill of $2,400. This high tax bill can be a financial burden for homeowners, impacting their overall housing costs.
Ownwell offers a valuable service by helping homeowners in King City appeal their property tax assessments. By conducting thorough reviews and leveraging local property data, Ownwell can identify discrepancies in assessments and negotiate reductions, potentially saving homeowners a substantial amount on their tax bills. This service not only alleviates financial strain but also ensures that homeowners are paying a fair amount, aligned more closely with their property's true market value.
Median King City Tax Bill
$6,478
Median Washington County Tax Bill
$4,896
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across King City, Washington County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97224 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell