Sherwood, Washington County, Oregon Property Taxes

Name: Property Tax Bills Across Sherwood, Washington County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sherwood, OR effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but higher than the Oregon state median of 0.86%.
Median Sherwood, OR home value: $555,755
Median annual Sherwood, OR tax bill: $5,589, $3,189 higher than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

Property taxes in Sherwood, 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 Sherwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sherwood, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sherwood, Washington County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$5,613

$5,209

Ownwell’s Sherwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sherwood with just two data points. By entering your property's estimated assessed value, our calculator applies Sherwood’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 Sherwood, Washington County, Oregon

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county, like Washington County, calculates its required budget for services annually and divides that by the total value of all taxable properties in its jurisdiction. This calculation results in the property tax rate. While votes and legislation play a role in determining these rates and budgets, this is the fundamental process each year.

In Sherwood, located in Washington County, the effective property tax rate can be compared to other cities in Oregon and the median property tax rates in Oregon and the U.S. Sherwood's tax rate aligns closely with the state's median, offering residents a competitive rate compared to the national median. This balance ensures that Sherwood remains an attractive place for property owners, providing essential services without imposing excessively high tax burdens. By understanding these rates, property owners can make informed decisions about their investments and potential savings through property tax appeals or exemptions.

Property Tax Rates Across Sherwood, Washington County, Oregon

Source: Ownwell

0.52%

0.85%

1.19%

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 Sherwood Tax Rate

1.01%

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 Sherwood, Washington County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97140	0.76%	0.91%	1.01%	1.08%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Sherwood, Washington County, Oregon

When examining property taxes in Sherwood, 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. Assessment notices: In Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Sherwood. For example, the median home price in Sherwood is $555,755, with tax bills ranging significantly across the county. 97140 has the highest median home price at $555,755.

Property Tax Assessment Values Across Sherwood, Washington County, Oregon

Source: Ownwell

$264,670

$594,470

$924,270

Median Sherwood Market Value

$555,755

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 Sherwood, Washington County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97140	$354,830	$466,745	$555,755	$684,890	$839,435

Source: Ownwell

Property Tax Bills Across Sherwood, Washington County, Oregon

In Sherwood, Washington County, OR, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the home's market value. Homeowners in Sherwood face a median property tax bill of $5,589, which is significantly higher than the national median of $2,400. Factors influencing tax bills include property size, location, and any improvements made. The tax bill can range from $4,418 at the 25th percentile to $8,948 at the 90th percentile, indicating a wide variance based on property characteristics and assessments. For homeowners, these taxes represent a significant annual expense. Ownwell can assist homeowners by analyzing their property tax assessments and identifying potential discrepancies or overvaluations. By appealing these assessments, Ownwell helps reduce the tax burden, ensuring homeowners only pay their fair share. This service can lead to substantial savings, particularly for those in higher tax brackets.

Property Tax Bills Across Sherwood, Washington County, Oregon

Source: Ownwell

$1,677

$5,823

$9,968

Median Sherwood Tax Bill

$5,589

Median Washington County Tax Bill

$4,896

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Sherwood, Washington County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97140	$2,997	$4,418	$5,589	$7,123	$8,948

Source: Ownwell