Carlton, Oregon Property Taxes
The median property tax rate in Carlton, OR is 0.73%, considerably lower than both the national median of 0.99% and the Oregon state median of 0.86%. With the median home value in Carlton at $459,842, the typical annual property tax bill reaches $3,304, exceeding the national median of $2,690. Property taxes in Carlton 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 Carlton'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 Carlton 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
Carlton, Oregon Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,720
Ownwell’s Carlton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Carlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlton 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 Carlton, Oregon
Property taxes in Carlton, Oregon, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlton is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Carlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton 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 Carlton's effective property tax rate to other counties in Oregon and the national median. For comparison, the zip code 97111 has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Carlton provides valuable insights into the varying tax landscape across Yamhill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Tax Rate
0.73%
Average Yamhill County Tax Rate
0.74%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97111 | 0.42% | 0.58% | 0.73% | 0.80% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Carlton, Oregon
In Carlton, 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 Yamhill 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 Carlton, 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. Carlton's median home price stands at $459,842, with tax bills ranging from $2,194 at the 25th percentile to $5,036 at the 90th percentile. The highest and lowest median tax bills are both $3,304, found in the 97111 zip code. 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 Carlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carlton Assessed Value
$459,842
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 Carlton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97111 | $199,257 | $352,250 | $459,842 | $609,621 | $729,962 |
Source: Ownwell
Property Tax Bills Across Carlton, Oregon
In Carlton, Yamhill County, OR, property tax bills are determined by the assessed value of a home, which is distinct from its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $459,842, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Factors such as location within the county and any applicable exemptions or deductions also play a role. For instance, the tax bill at the 25th percentile is $2,194, while at the 75th percentile, it reaches $4,471, and the 90th percentile sees bills as high as $5,036. The highest and lowest median tax bills in the area are both recorded at $3,304 in the 97111 zip code. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential for homeowners to understand their tax obligations.
Average Carlton Tax Bill
$3,304
Average Yamhill County Tax Bill
$3,196
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97111 | $788 | $2,194 | $3,304 | $4,471 | $5,036 |
Source: Ownwell