With property taxes influenced by location and market values, it’s vital for owners to stay informed about how these taxes impact rental costs. While the exact property tax rate you will pay is set by the tax assessor on a property-by-property basis, you can use our Marion County property tax estimator tool to estimate your yearly property tax. Our property tax estimates are based on the median property tax levied on similar houses in the Marion County area. Oregon has a graduated income tax, with four tax brackets and varying rates. How much you’ll pay depends on your income, filing status, and the deductions or credits you qualify for. These factors all work together to shape your final tax bill, so it’s worth knowing how they apply to you for the 2024 tax year (the taxes due in 2025).

Average Utility Costs in Eugene, Oregon

The state of Oregon is one of only 5 American states that have zero sales tax. Other American states with no sales tax include Delaware, Montana, New Hampshire, and Alaska. Besides your basic electricity, gas, and water costs, internet bills are another monthly cost factor. Expect to spend roughly $65 on an internet plan, or more if you pair it with phone plans. You should also factor Certified Public Accountant in between $20 and $45 per month for garbage pickup, unless you are a renter, and it is included in your lease.

tax year rate charts and tables

For example, Oregon does not have a general sales tax, so income tax is the main state tax burden. Recreational marijuana sales are subject to a state excise tax of 17% of the retail sales price. Local jurisdictions can impose an additional tax of up to 3%, bringing the total potential tax rate to 20%.

Does Oregon have a sales tax?

Movies are a popular form of entertainment in Eugene, Oregon, and tickets can cost $10 per person. A form of entertainment unique to Eugene is the Museum of Natural and Cultural History. Ticket prices vary based on age, with senior and child tickets at $4 each, and adult tickets at $6. The University of Oregon can cost $36,615 a year for out of state students, and $12,720 for local students. You can save money by choosing Lane Community College which costs between average tax rate in oregon $5,000 and $10,590 each year.

• That creates an effective ceiling of 1.5% on property tax rates, which is why Oregon’s average effective rate of 0.87% sits slightly below the national average.
• Statistics show that about 25% of homes in America are unfairly overassessed, and pay an average of $1,346 too much in property taxes every year.
• In Polk County, the average tax rate is $14.61 per $1,000 of assessed value, but the average homeowner is taxed $11.52 per $1,000 of real market value.
• The county tax collector collects the taxes and distributes the funds to the local districts.

To appeal the Multnomah County property tax, you must contact the Multnomah County Tax Assessor’s Office. Multnomah County calculates the property tax due based on the fair market value of the home or property in question, as determined by the Multnomah County Property Tax Assessor. Proceeds from the Lane County Personal Property Tax are used locally to fund school districts, public transport, infrastructure, and other municipal government projects. To appeal the Lane County property tax, you must contact the Lane County Tax Assessor’s Office. Lane County calculates the property tax due based on the fair market value of the home or property in question, as determined by the Lane County Property Tax Assessor.

• However, Oregon does have a vehicle use tax that applies to new vehicles purchased in Oregon and a vehicle privilege tax that applies to new vehicles purchased by Oregon residents outside of the state.
• If your Oregon itemized deductions exceed the standard deduction, you can choose to itemize.
• From corporate income taxes to excise taxes, businesses in Oregon navigate a web of tax obligations.
• Staying informed and proactive can make a big difference in managing your property tax obligations.
• The structure is especially relevant for immigrants and newcomers, who may be used to different tax systems in other states or countries.
• In Deschutes County, the average tax rate is $15.08 per $1,000 of assessed value, but the average homeowner is taxed $8.93 per $1,000 of real market value.

I’m an Oregon resident. Do I have to pay sales taxes in other states?

Washington County is an exception with its transfer tax of $1 per $1,000 when selling property. While this does not directly affect ongoing rental costs, https://teatimegossip.com/top-erp-systems-for-small-businesses-in-2025/ it’s a factor to consider when evaluating property investments. Landlords in urban areas should also note that higher property taxes can be expected due to premium locations, impacting the overall expense calculations. The median property tax in Marion County, Oregon is $2,049 per year for a home worth the median value of $205,100.