Mcminnville, Yamhill County, Oregon Property Taxes
Median McMinnville, OR effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median McMinnville, OR home value: $438,220
Median annual McMinnville, OR tax bill: $3,523, $1,123 higher than the national median property tax bill of $2,400.
How are property taxes in Yamhill calculated?
Property taxes in McMinnville, 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 McMinnville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McMinnville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mcminnville, Yamhill County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$3,462
$3,213
Property Tax Rates Across Mcminnville, Yamhill County, Oregon
Local government entities are responsible for setting property tax rates, which can significantly differ within a state. Each year, counties estimate the budget needed to provide essential services and divide it by the total assessed value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In McMinnville, located in Yamhill County, the effective property tax rate stands at 0.79%, which is notably lower than the national median property tax rate of 1.02%. This makes McMinnville an attractive option for property owners seeking lower tax liabilities. The median property tax rate in Oregon is also lower than the national average, offering further relief to property owners in the state. By comparing McMinnville’s effective property tax rate to other cities in Oregon and the national average, potential homeowners can better understand the financial benefits of owning property in this region.
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 Mcminnville Tax Rate
0.79%
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 Yamhill County Tax Rate
0.74%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mcminnville, Yamhill County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97128 | 0.56% | 0.70% | 0.79% | 0.86% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Mcminnville, Yamhill County, Oregon
When examining property taxes in McMinnville, 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 Yamhill 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.
In Yamhill County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 McMinnville.
For example, the median home price in McMinnville is $438,220, with tax bills ranging significantly across the county. The zip code 97128 has the highest median home price at $438,220.
Property Tax Assessment Values Across Mcminnville, Yamhill County, Oregon
Source: Ownwell
$211,137
$705,506
$1,199,875
Median Mcminnville Market Value
$438,220
Median Yamhill County Market Value
$432,001
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mcminnville, Yamhill County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97128 | $146,100 | $330,261 | $438,220 | $553,856 | $755,950 |
Source: Ownwell
Property Tax Bills Across Mcminnville, Yamhill County, Oregon
In McMinnville, located in Yamhill County, Oregon, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in McMinnville can expect a wide range of tax bills, with the 25th percentile at $2,514 and the 75th percentile reaching $4,407. The highest median tax bill in the area is $3,523, which is significantly above the national median property tax bill of $2,400.
These property tax rates can place a considerable financial burden on homeowners. Ownwell assists by offering property tax appeal and exemption services, potentially reducing the tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners save money. With expert guidance, homeowners might find relief from high property taxes, ensuring they pay only their fair share.
Median Mcminnville Tax Bill
$3,523
Median Yamhill County Tax Bill
$3,196
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Mcminnville, Yamhill County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97128 | $969 | $2,514 | $3,523 | $4,407 | $5,851 |
Source: Ownwell