Manning, Oregon Property Taxes
The median property tax rate in Manning, OR is 0.68%, lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Manning at $419,580, the typical annual property tax bill reaches $2,902, slightly above the national median of $2,690. Property taxes in Manning 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 Manning'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 Manning 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
Manning, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$2,853
$2,648
Ownwell’s Manning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manning 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 Manning, Oregon
Property taxes in Manning, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manning is 0.68%, lower than the U.S. national median of 0.99%. Local government entities within Manning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manning 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 Manning's effective property tax rate to other areas in Washington County and the national median. For comparison, the zip code 97125 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Manning 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 Manning Tax Rate
0.68%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manning, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97125 | 0.48% | 0.59% | 0.68% | 0.76% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Manning, Oregon
In Manning, 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 Manning, 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 Manning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97125 has the highest median tax bill at $2902, while the lowest median tax bill is also in the same zip code at $2902.
Average Manning Assessed Value
$419,580
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 Manning, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97125 | $6,190 | $95,908 | $419,580 | $667,832 | $792,800 |
Source: Ownwell
Property Tax Bills Across Manning, Oregon
In Manning, Washington County, OR, property tax bills are calculated based on the assessed value of a home, which is typically lower than its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and market conditions. For homeowners in Manning, the median home price stands at $419,580, with tax bills ranging from $1,532 at the 25th percentile to $6,276 at the 90th percentile. When compared to the national median property tax rate of 0.99%, Manning's property tax bills reflect a range that can significantly impact homeowners. For instance, in the zip code 97125, the median tax bill is $2,902, which is consistent across the area. This variability in tax bills underscores the importance of understanding local property tax assessments and how they can affect overall homeownership costs. Homeowners must stay informed about these factors to manage their financial obligations effectively.
Average Manning Tax Bill
$2,902
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Manning, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97125 | $80 | $1,532 | $2,902 | $4,601 | $6,276 |
Source: Ownwell