Wilsonville, Oregon Property Taxes
The median property tax rate in Wilsonville, OR is 1.11%, noticeably higher than the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Wilsonville at $1,534,240, the typical annual property tax bill reaches $19,685, far exceeding the national median of $2,690. Property taxes in Wilsonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wilsonville'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 Wilsonville 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
Wilsonville, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$17,030
Ownwell’s Wilsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilsonville 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 Wilsonville, Oregon
Property taxes in Wilsonville, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilsonville is 1.11%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Wilsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilsonville 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 Wilsonville's effective property tax rate to other areas in Oregon and the national median. For comparison, the zip code 97070 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Wilsonville 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 Wilsonville Tax Rate
1.11%
Average Washington County Tax Rate
0.93%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilsonville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97070 | 0.97% | 1.02% | 1.11% | 1.20% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Wilsonville, Oregon
In Wilsonville, 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 Assessor 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 Wilsonville, 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 Wilsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wilsonville is $1,534,240, with the highest and lowest median tax bills both at $19,685 in zip code 97070.
Average Wilsonville Assessed Value
$1,534,240
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 Wilsonville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97070 | $381,184 | $813,580 | $1,534,240 | $2,254,900 | $2,687,296 |
Source: Ownwell
Property Tax Bills Across Wilsonville, Oregon
In Wilsonville, property tax bills are calculated based on the assessed value of a property, which is determined by the Washington County Assessor's Office. The assessed value is typically lower than the market value and is adjusted annually to reflect changes in the real estate market. The property tax rate in Wilsonville is applied to this assessed value to determine the annual tax bill. Homeowners in Wilsonville can expect a wide range of property tax bills, depending on their property's assessed value. For example, the 25th percentile tax bill is $10,274, while the 75th percentile tax bill reaches $29,095. At the higher end, the 90th percentile tax bill is $34,741. This variability means that property taxes can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Wilsonville Tax Bill
$19,685
Average Washington County Tax Bill
$4,896
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilsonville, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97070 | $4,628 | $10,274 | $19,685 | $29,095 | $34,741 |
Source: Ownwell