Monroe, Benton County, Oregon Property Taxes

Name: Property Tax Bills Across Monroe, Benton County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median MONROE, OR effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median MONROE, OR home value: $341,365
Median annual MONROE, OR tax bill: $2,199, $201 lower than the national median property tax bill of $2,400.

How are property taxes in Benton calculated?

Property taxes in MONROE, 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 MONROE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MONROE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monroe, Benton County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$2,151

$1,996

Ownwell’s Monroe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monroe with just two data points. By entering your property's estimated assessed value, our calculator applies Monroe’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monroe, Benton County, Oregon

Local government entities determine tax rates, leading to significant variation even within a single state. This is because each county annually estimates its budgetary needs for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.

In Monroe, located in Benton County, Oregon, the effective property tax rate stands at 0.63%, aligning with the highest and lowest rates recorded in the state. This rate is notably below the national median property tax rate of 1.02% and offers residents a more favorable tax environment compared to many other areas. With the national median property tax bill at $2,400, Monroe residents benefit from relatively lower property tax expenses. By understanding how local tax rates are set and comparing them to state and national figures, property owners can better appreciate their tax obligations and the value of appealing assessments when necessary.

Property Tax Rates Across Monroe, Benton County, Oregon

Source: Ownwell

0.56%

0.79%

1.02%

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 Monroe Tax Rate

0.63%

Median Effective Benton County Tax Rate

0.99%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe, Benton County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97456	0.35%	0.49%	0.63%	0.76%	0.94%

Source: Ownwell

Property Tax Assessment Values Across Monroe, Benton County, Oregon

When examining property taxes in Monroe, 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 Benton County Assessor's Office 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 Benton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Monroe. For example, the median home price in Monroe is $341,365, with tax bills ranging significantly across the county. 97456 has the highest median home price at $341,365.

Property Tax Assessment Values Across Monroe, Benton County, Oregon

Source: Ownwell

$241,820

$377,300

$512,780

Median Monroe Market Value

$341,365

Median Benton County Market Value

$469,320

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monroe, Benton County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97456	$51,609	$217,158	$341,365	$495,955	$658,456

Source: Ownwell

Property Tax Bills Across Monroe, Benton County, Oregon

In Monroe, located in Benton County, OR, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor and is often lower than the market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate, impacting the final amount homeowners owe. Monroe's property tax bills can vary significantly, with the 25th percentile at $1,344 and the 75th percentile reaching $3,205, which is above the national median property tax bill of $2,400. For homeowners in Monroe, high property taxes can be a financial burden. Ownwell offers services to help homeowners appeal their property tax assessments and apply for exemptions, potentially reducing their annual tax bills. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell can assist homeowners in achieving significant savings.

Property Tax Bills Across Monroe, Benton County, Oregon

Source: Ownwell

$1,367

$3,240

$5,112

Median Monroe Tax Bill

$2,199

Median Benton County Tax Bill

$4,711

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Benton County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97456	$759	$1,344	$2,199	$3,205	$4,507

Source: Ownwell