Yamhill County Property Taxes
The median property tax rate in Yamhill County is 0.74%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value in Yamhill County of $432,001, the typical annual property tax bill reaches $3,196, which is higher than the national median of $2,690. Property taxes in Yamhill County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Yamhill County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in McMinnville or another part of Yamhill County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yamhill County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$3,197
Ownwell’s Yamhill County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Yamhill County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Yamhill County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Yamhill County, Oregon
Property taxes in Yamhill County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yamhill County is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Yamhill County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yamhill County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Yamhill County's effective property tax rate with other areas in Oregon and the national median. For comparison, the city of Newberg has one of the higher property tax rates in Oregon at 0.79%, while the city of Grand Ronde boasts one of the lowest at 0.42%. Analyzing how Yamhill County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yamhill County Tax Rate
0.74%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yamhill County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | 0.40% | 0.55% | 0.74% | 0.87% | 0.98% |
| Carlton | 0.42% | 0.58% | 0.73% | 0.80% | 0.85% |
| Dayton | 0.34% | 0.49% | 0.64% | 0.77% | 0.83% |
| Dundee | 0.43% | 0.52% | 0.59% | 0.64% | 0.68% |
| Gaston | 0.25% | 0.36% | 0.46% | 0.58% | 0.69% |
| Grand Ronde | 0.19% | 0.31% | 0.42% | 0.51% | 0.63% |
| Hillsboro | 0.53% | 0.59% | 0.67% | 0.75% | 0.83% |
| Lafayette | 0.50% | 0.59% | 0.64% | 0.68% | 0.75% |
| Mcminnville | 0.56% | 0.70% | 0.79% | 0.86% | 0.91% |
| Newberg | 0.52% | 0.66% | 0.79% | 0.86% | 0.92% |
| Salem | 0.19% | 0.33% | 0.45% | 0.54% | 0.65% |
| Sheridan | 0.38% | 0.49% | 0.58% | 0.66% | 0.69% |
| Sherwood | 0.46% | 0.50% | 0.55% | 0.60% | 0.66% |
| Willamina | 0.39% | 0.51% | 0.67% | 0.75% | 0.79% |
| Yamhill | 0.28% | 0.44% | 0.61% | 0.70% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Yamhill County, Oregon
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Yamhill County, Oregon. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Yamhill County Appraisal District. The assessed value, however, 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. Assessment notices in Yamhill County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Yamhill County, the city with the highest median tax bill is Sherwood at $6,645, while Grand Ronde has the lowest median tax bill at $827. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Yamhill County, Oregon
Source: Ownwell
$211,137
$705,506
$1,199,875
Average Yamhill County Assessed Value
$432,001
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yamhill County, Oregon
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $110,649 | $246,112 | $324,472 | $492,534 | $751,434 |
| Carlton | $199,257 | $352,250 | $459,842 | $609,621 | $729,962 |
| Dayton | $105,252 | $295,330 | $391,158 | $543,615 | $741,347 |
| Dundee | $333,720 | $438,420 | $552,408 | $746,574 | $1,006,321 |
| Gaston | $58,614 | $105,256 | $262,366 | $577,302 | $806,998 |
| Grand Ronde | $46,578 | $104,817 | $211,137 | $352,301 | $470,728 |
| Hillsboro | $275,249 | $667,674 | $824,312 | $1,031,761 | $1,221,555 |
| Lafayette | $148,985 | $310,825 | $418,537 | $485,055 | $590,899 |
| Mcminnville | $146,100 | $330,261 | $438,220 | $553,856 | $755,950 |
| Newberg | $186,238 | $371,531 | $456,102 | $602,102 | $843,410 |
| Salem | $79,934 | $242,196 | $398,864 | $626,699 | $779,554 |
| Sheridan | $135,759 | $232,026 | $301,162 | $384,248 | $471,249 |
| Sherwood | $789,628 | $1,009,216 | $1,199,875 | $1,477,465 | $2,096,351 |
| Willamina | $146,067 | $220,840 | $273,874 | $399,887 | $477,168 |
| Yamhill | $78,745 | $236,847 | $404,648 | $579,827 | $719,106 |
Source: Ownwell
Property Tax Bills Across Yamhill County, Oregon
In Yamhill County, OR, property tax bills are determined based on the assessed value of a home, which differs from its market value. The assessed value is calculated by the county assessor and serves as the basis for the tax bill. This value is then multiplied by the local tax rate to determine the final amount owed by homeowners. The local tax rate in Yamhill County varies, leading to a range of tax bills. For instance, homeowners in Sherwood face the highest median tax bill at $6,645, while those in Grand Ronde enjoy the lowest at $827. The tax bills in Yamhill County also show a wide range across percentiles, with the 25th percentile at $1,988 and the 75th percentile at $4,215. At the 90th percentile, tax bills can reach up to $5,553. These variations can significantly impact homeowners, influencing their financial planning and the affordability of owning property in the region.
Average Yamhill County Tax Bill
$3,196
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Yamhill County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $702 | $1,666 | $2,545 | $3,340 | $4,460 |
| Carlton | $788 | $2,194 | $3,304 | $4,471 | $5,036 |
| Dayton | $535 | $1,596 | $2,510 | $3,401 | $4,388 |
| Dundee | $1,561 | $2,505 | $3,301 | $4,363 | $5,690 |
| Gaston | $162 | $408 | $1,026 | $2,771 | $4,224 |
| Grand Ronde | $84 | $289 | $827 | $1,435 | $2,097 |
| Hillsboro | $874 | $3,955 | $5,416 | $7,113 | $9,211 |
| Lafayette | $827 | $1,747 | $2,672 | $3,227 | $4,014 |
| Mcminnville | $969 | $2,514 | $3,523 | $4,407 | $5,851 |
| Newberg | $1,109 | $2,780 | $3,675 | $4,717 | $6,086 |
| Salem | $330 | $998 | $1,746 | $2,788 | $3,432 |
| Sheridan | $523 | $1,198 | $1,763 | $2,314 | $2,746 |
| Sherwood | $4,185 | $5,382 | $6,645 | $8,169 | $11,518 |
| Willamina | $683 | $1,264 | $1,918 | $2,419 | $3,096 |
| Yamhill | $273 | $975 | $2,267 | $3,584 | $4,447 |
Source: Ownwell