Veneta, Lane County, Oregon Property Taxes
Median Veneta, OR effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Veneta, OR home value: $346,312
Median annual Veneta, OR tax bill: $3,156, $756 higher than the national median property tax bill of $2,400.
How are property taxes in Lane County calculated?
Property taxes in Veneta, 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 Veneta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Veneta, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Veneta, Lane County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$2,944
$2,732
Property Tax Rates Across Veneta, Lane County, Oregon
Local government entities determine tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property in the area, resulting in the property tax rate. While the process involves votes and legal stipulations, this is the core of how tax rates are set each year.
In Veneta, located in Lane County, Oregon, the effective property tax rate is 0.85%. This rate is lower than the national median property tax rate of 1.02%, offering a more favorable tax environment for property owners. Comparatively, Oregon's median property tax rate also stands at 0.85%, aligning with Veneta's rate. This consistency can be beneficial for residents, providing predictability in property tax obligations.
By understanding these rates, property owners in Veneta can better anticipate their tax liabilities relative to other cities in Oregon and across the U.S. This insight can be invaluable for budgeting and financial planning, ensuring residents are well-prepared for their annual property tax assessments.
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 Veneta Tax Rate
0.85%
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 Lane County Tax Rate
0.86%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Veneta, Lane County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97487 | 0.54% | 0.66% | 0.85% | 1.04% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Veneta, Lane County, Oregon
When examining property taxes in Veneta, 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 Lane 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 Lane 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 Veneta. For example, the median home price in Veneta is $346,312, with tax bills ranging significantly across the county. Zip code 97487 has the highest median home price at $346,312.
Property Tax Assessment Values Across Veneta, Lane County, Oregon
Source: Ownwell
$173,337
$342,155
$510,972
Median Veneta Market Value
$346,312
Median Lane County Market Value
$368,888
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across Veneta, Lane County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97487 | $68,109 | $247,818 | $346,312 | $432,873 | $567,917 |
Source: Ownwell
Property Tax Bills Across Veneta, Lane County, Oregon
Median Veneta Tax Bill
$3,156
Median Lane County Tax Bill
$3,052
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Veneta, Lane County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97487 | $650 | $1,902 | $3,156 | $3,877 | $4,659 |
Source: Ownwell