Tigard, Oregon Property Taxes
The median property tax rate in Tigard, OR is 1.19%, significantly higher than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $797,290 in Tigard, the typical annual property tax bill reaches $9,914, far exceeding the national median of $2,690. Property taxes in Tigard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tigard'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 Tigard 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
Tigard, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$9,488
Ownwell’s Tigard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tigard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tigard 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 Tigard, Oregon
Property taxes in Tigard, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tigard is 1.19%, higher than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Tigard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tigard 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 Tigard's effective property tax rate to other areas in Washington County and the national median. For comparison, the 97223 zip code has the highest median property tax rate of 1.41%, while the 97007 zip code has the lowest median tax rate of 0.98%. Understanding how these areas compare with Tigard 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 Tigard Tax Rate
1.19%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tigard, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97007 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| 97223 | 1.23% | 1.30% | 1.41% | 1.52% | 1.59% |
| 97224 | 0.95% | 1.07% | 1.19% | 1.28% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Tigard, Oregon
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tigard, 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 Washington County 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 Tigard, 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 Tigard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill is in zip code 97224 at $9,968, while the lowest is in zip code 97223 at $3,979.
Average Tigard Assessed Value
$797,290
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 Tigard, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97007 | $416,100 | $416,100 | $416,100 | $416,100 | $416,100 |
| 97223 | $269,471 | $275,322 | $285,075 | $294,828 | $300,679 |
| 97224 | $79,929 | $753,368 | $817,245 | $915,092 | $951,178 |
Source: Ownwell
Property Tax Bills Across Tigard, Oregon
In Tigard, located in Washington County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Tigard is $797,290. Property taxes are influenced by various factors, including local tax rates, property value, and applicable exemptions. Homeowners in Tigard can expect their property tax bills to vary significantly. For instance, those in the 25th percentile face an annual tax bill of around $4,341, while those in the 75th percentile encounter bills as high as $10,331. The 90th percentile sees tax bills reaching $11,924. The highest median tax bill in Tigard is found in the 97224 zip code, amounting to $9,968, whereas the lowest median tax bill in the 97223 zip code is $3,979. These variations can impact homeowners differently, affecting affordability and financial planning. Compared to the national median property tax rate of 0.99%, Tigard's property tax rates reflect the region's home values and local fiscal policies.
Average Tigard Tax Bill
$9,914
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Tigard, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97007 | $4,064 | $4,064 | $4,064 | $4,064 | $4,064 |
| 97223 | $3,690 | $3,799 | $3,979 | $4,160 | $4,269 |
| 97224 | $694 | $7,484 | $9,968 | $10,579 | $11,925 |
Source: Ownwell