Silver Lake, Lake County, Oregon Property Taxes
Property Taxes in Silver Lake, Oregon
Median Silver Lake, Oregon effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and lower than the Oregon state median of 0.87%.
Median Silver Lake, Oregon home value: $110,250
Median annual Silver Lake, Oregon tax bill: $657, lower than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Silver Lake, Oregon 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 Silver Lake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silver Lake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Silver Lake, Lake County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$650
$604
How Does the Silver Lake Property Tax Calculator Work?
Use this Silver Lake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Silver Lake's median effective tax rate of 0.59% — based on actual property records in Lake County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Silver Lake's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Silver Lake: rates range from 0.59% in 97638 to 0.59% in 97638, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Silver Lake.
About Silver Lake Property Taxes
About Property Taxes in Silver Lake, Lake, Oregon
Silver Lake’s median effective property tax rate of 0.59% is lower than the Oregon state median of 0.87% and lower than the national median of 1.02%. This rate reflects the Lake County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Silver Lake. Homeowners in the 97638 ZIP code carry a median effective rate of 0.59%, while those in the same ZIP also pay 0.59%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Silver Lake you live in can make a meaningful difference to your annual tax bill.
Silver Lake homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the December 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Silver Lake, Lake County, Oregon
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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 Silver Lake's effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S.
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 Silver Lake Tax Rate
0.59%
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 Lake County Tax Rate
0.84%
Median Effective Oregon Tax Rate
0.87%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Silver Lake, Lake County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97638 | 0.34% | 0.47% | 0.59% | 0.80% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Silver Lake, Lake County, Oregon
When examining property taxes in Silver Lake, 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 Lake County assessment 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.
Assessment notices:
In Lake County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of October.
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 Silver Lake.
For example, the median home price in Silver Lake is $110,250, with tax bills ranging significantly across the county. 97638 has the highest median home price at $110,250.
Property Tax Assessment Values Across Silver Lake, Lake County, Oregon
Source: Ownwell
$86,560
$138,733
$190,905
Median Silver Lake Market Value
$110,250
Median Lake County Market Value
$118,590
Median Oregon Market Value
$450,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Silver Lake, Lake County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97638 | $15,044 | $57,100 | $110,250 | $238,450 | $542,300 |
Source: Ownwell
Property Tax Bills Across Silver Lake, Lake County, Oregon
Silver Lake Property Tax Bills
Property tax bills in Silver Lake are based on the assessed value of a home, not the market price alone. Local tax rates are applied to that assessed value, and the final bill reflects both the property’s taxable value and the taxing jurisdictions that collect revenue in Lake County. For homeowners, this means two houses with similar market values can still have different tax bills if their assessed values or exemptions differ.
The median home price in Silver Lake is $110,250, which helps put local tax bills in context. The typical property tax bill is $657, with the 25th percentile at $285 and the 75th percentile at $1,466. At the high end, the 90th percentile reaches $2,533.
Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Silver Lake homeowners often face lower bills, though the amount still depends on assessed value, local rates, and any available exemptions.
Median Silver Lake Tax Bill
$657
Median Lake County Tax Bill
$987
Median Oregon Tax Bill
$3,806
Median United States Tax Bill
$2,400
Property Tax Bills Across Silver Lake, Lake County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97638 | $79 | $285 | $657 | $1,466 | $2,533 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 31 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | records.lakecountyor.org |