Sherwood, Clackamas County, Oregon Property Taxes
Median Sherwood, OR effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but equal to the Oregon state median of 0.86%.
Median Sherwood, OR home value: $1,079,602
Median annual Sherwood, OR tax bill: $8,007, $5,607 higher than the national median property tax bill of $2,400.
How are property taxes in Clackamas County calculated?
Property taxes in Sherwood, 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 Sherwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sherwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sherwood, Clackamas County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$9,285
$8,616
Property Tax Rates Across Sherwood, Clackamas County, Oregon
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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, this is the annual process in a nutshell.
In Sherwood, located in Clackamas County, Oregon, the effective property tax rate reflects the county's needs and property values. Compared to the national median property tax rate of 1.02%, Sherwood's rate is notably lower. This can make Sherwood an attractive option for homeowners seeking lower property tax burdens.
When comparing Sherwood's effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S., it's clear that Sherwood offers a competitive rate. With the national median property tax bill at $2400, residents in Sherwood may find themselves paying less in property taxes compared to many other regions across the country.
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 Sherwood Tax Rate
0.86%
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
0.92%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sherwood, Clackamas County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97140 | 0.40% | 0.60% | 0.86% | 1.00% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Sherwood, Clackamas County, Oregon
When examining property taxes in Sherwood, 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 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 Sherwood. For example, the median home price in Sherwood is $1,079,602, with tax bills ranging significantly across the county. The zip code 97140 has the highest median home price at $1,079,602.
Property Tax Assessment Values Across Sherwood, Clackamas County, Oregon
Source: Ownwell
$333,702
$711,480
$1,089,258
Median Sherwood Market Value
$1,079,602
Median Clackamas County Market Value
$564,773
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sherwood, Clackamas County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97140 | $598,654 | $809,923 | $1,079,602 | $1,397,585 | $1,867,835 |
Source: Ownwell
Property Tax Bills Across Sherwood, Clackamas County, Oregon
In Sherwood, Clackamas County, Oregon, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing this process include the property's location, market conditions, and any applicable exemptions or deductions. The median home price in Sherwood is $1,079,602, and tax bills can range significantly. For instance, the tax bill at the 25th percentile is $5,631, while it climbs to $15,561 at the 90th percentile, reflecting variations in property values and applicable tax rates. Compared to the national median property tax bill of $2,400, homeowners in Sherwood face significantly higher taxes.
Ownwell offers valuable assistance to homeowners in Sherwood by providing property tax appeal services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies opportunities for tax reductions, potentially leading to significant savings on your annual tax bill. This can alleviate the financial burden on homeowners, ensuring they only pay their fair share.
Median Sherwood Tax Bill
$8,007
Median Clackamas County Tax Bill
$5,006
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Sherwood, Clackamas County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97140 | $3,393 | $5,631 | $8,007 | $11,129 | $15,561 |
Source: Ownwell