Depoe Bay, Lincoln County, Oregon Property Taxes

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

Median Depoe Bay, OR effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Depoe Bay, OR home value: $426,990
Median annual Depoe Bay, OR tax bill: $3,245, $845 higher than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

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

Last Updated March 1, 2025

Depoe Bay, Lincoln County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$3,373

$3,130

Ownwell’s Depoe Bay Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Depoe Bay with just two data points. By entering your property's estimated assessed value, our calculator applies Depoe Bay’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 Lincoln County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Depoe Bay, Lincoln County, Oregon

Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Depoe Bay, located in Lincoln County, Oregon, the effective property tax rate is 0.79%. This is notably lower than the national median property tax rate of 1.02%. It offers a favorable comparison for property owners when considering the national average. The median property tax bill for residents in Depoe Bay is also expected to be lower than the national median of $2400, providing a financial advantage to homeowners in the area. With this competitive tax rate, Depoe Bay stands out as an attractive location for potential property buyers looking to minimize their tax burden.

Property Tax Rates Across Depoe Bay, Lincoln County, Oregon

Source: Ownwell

0.58%

0.79%

1.01%

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 Depoe Bay Tax Rate

0.79%

Median Effective Lincoln County Tax Rate

0.84%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Depoe Bay, Lincoln County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97341	0.61%	0.70%	0.79%	0.88%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Depoe Bay, Lincoln County, Oregon

When examining property taxes in Depoe Bay, 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 Lincoln County Assessor 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 Lincoln 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 Depoe Bay. For example, the median home price in Depoe Bay is $426,990, with tax bills ranging significantly across the county. Zip code 97341 has the highest median home price at $426,990.

Property Tax Assessment Values Across Depoe Bay, Lincoln County, Oregon

Source: Ownwell

$165,575

$338,625

$511,675

Median Depoe Bay Market Value

$426,990

Median Lincoln County Market Value

$341,090

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Depoe Bay, Lincoln County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97341	$83,705	$245,540	$426,990	$630,958	$837,930

Source: Ownwell

Property Tax Bills Across Depoe Bay, Lincoln County, Oregon

In Depoe Bay, located in Lincoln County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by local taxing authorities. This assessed value, often lower than the market value, is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Depoe Bay face a median property tax bill of $3,245, which is significantly higher than the national median of $2,400. Factors influencing this bill include the property's location, size, and any applicable exemptions or abatements. For instance, tax bills in the 25th percentile are around $1,758, while those in the 90th percentile can reach up to $7,084. These taxes can pose a financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners by providing expert property tax appeal services, helping them navigate the complexities of the tax system and potentially reducing their tax liabilities, ensuring they pay only their fair share.

Property Tax Bills Across Depoe Bay, Lincoln County, Oregon

Source: Ownwell

$1,057

$2,479

$3,900

Median Depoe Bay Tax Bill

$3,245

Median Lincoln County Tax Bill

$2,817

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Depoe Bay, Lincoln County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97341	$615	$1,758	$3,245	$5,109	$7,084

Source: Ownwell