Happy Valley, Clackamas County, Oregon Property Taxes
- Median Happy Valley, OR effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
- Median Happy Valley, OR home value: $679,439
- Median annual Happy Valley, OR tax bill: $7,531, $5,131 higher than the national median property tax bill of $2,400.
How are property taxes in Clackamas County calculated?
Property taxes in Happy Valley, 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 Happy Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Happy Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Happy Valley, Clackamas County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$7,626
$7,077
Property Tax Rates Across Happy Valley, Clackamas County, Oregon
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Happy Valley’s effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S.
Happy Valley, located in Clackamas County, has a median property tax rate of 1.09%, which aligns with the county's lowest rate. This rate is slightly above the national median property tax rate of 1.02%. The highest median tax rate in Clackamas County is 1.27%, found in the 97015 ZIP code. Understanding these rates can help you make informed decisions about property ownership in Happy Valley and the broader Oregon area.
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 Happy Valley Tax Rate
1.13%
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 Clackamas County Tax Rate
0.96%
Median Effective Oregon Tax Rate
0.87%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Happy Valley, Clackamas County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97015 | 1.06% | 1.10% | 1.21% | 1.31% | 1.32% |
| 97086 | 0.96% | 1.05% | 1.13% | 1.25% | 1.31% |
| 97089 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Happy Valley, Clackamas County, Oregon
When examining property taxes in Happy Valley, OR, 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 Clackamas 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 Clackamas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Happy Valley. For example, the median home price in Happy Valley is $679,439, with tax bills ranging significantly across the county. 97086 has the highest median home price at $680,738.
Property Tax Assessment Values Across Happy Valley, Clackamas County, Oregon
Source: Ownwell
$366,069
$727,664
$1,089,258
Median Happy Valley Market Value
$674,856
Median Clackamas County Market Value
$563,664
Median Oregon Market Value
$450,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Happy Valley, Clackamas County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97015 | $316,232 | $336,252 | $501,499 | $582,174 | $672,678 |
| 97086 | $386,470 | $528,659 | $676,447 | $861,615 | $1,110,957 |
| 97089 | $528,077 | $528,077 | $528,077 | $609,517 | $609,517 |
Source: Ownwell
Property Tax Bills Across Happy Valley, Clackamas County, Oregon
Median Happy Valley Tax Bill
$7,705
Median Clackamas County Tax Bill
$5,187
Median Oregon Tax Bill
$3,806
Median United States Tax Bill
$2,400
Property Tax Bills Across Happy Valley, Clackamas County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97015 | $4,123 | $4,470 | $5,395 | $6,484 | $7,377 |
| 97086 | $4,479 | $5,976 | $7,729 | $10,214 | $12,869 |
| 97089 | $5,612 | $5,612 | $5,612 | $6,472 | $6,472 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 31 |
Links | |
|---|---|
| Clackamas Tax Assessor | |
| Website | ascendweb.clackamas.us |