Willamina, Oregon Property Taxes
The median property tax rate in Willamina, OR is 0.67%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $273,874 in Willamina, the typical annual property tax bill amounts to $1,918, falling below the national median of $2,690. Property taxes in Willamina are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Willamina'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 Willamina 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
Willamina, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,835
Ownwell’s Willamina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willamina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willamina 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 Willamina, Oregon
Property taxes in Willamina, Oregon, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willamina is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Willamina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willamina 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 Willamina's effective property tax rate to other areas in Yamhill County and the national median. For comparison, the 97396 zip code has both the highest and lowest median property tax rate of 0.67%. Understanding how these areas compare with Willamina 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 Willamina Tax Rate
0.67%
Average Yamhill County Tax Rate
0.74%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willamina, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97396 | 0.39% | 0.51% | 0.67% | 0.75% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Willamina, Oregon
In Willamina, 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 Willamina, 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. Willamina's median home price is $273,874, with property tax bills ranging from $1,264 at the 25th percentile to $3,096 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willamina Assessed Value
$273,874
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 Willamina, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97396 | $146,067 | $220,840 | $273,874 | $399,887 | $477,168 |
Source: Ownwell
Property Tax Bills Across Willamina, Oregon
In Willamina, located in Yamhill County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is distinct from the market value and is typically lower. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence this calculation, including local government budgets, school district funding, and public services. For homeowners in Willamina, the median home price is $273,874. Property tax bills can vary significantly, with the 25th percentile at $1,264 and the 75th percentile reaching $2,419. The 90th percentile tax bill can go as high as $3,096. These figures highlight the range of potential tax burdens homeowners may face, depending on the assessed value of their property and applicable tax rates. Compared to the national median property tax rate of 0.99%, Willamina's rates reflect the local economic and governmental landscape, impacting homeowners' annual financial planning.
Average Willamina Tax Bill
$1,918
Average Yamhill County Tax Bill
$3,196
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Willamina, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97396 | $683 | $1,264 | $1,918 | $2,419 | $3,096 |
Source: Ownwell