Toledo, Lincoln County, Oregon Property Taxes
Median Toledo, Oregon effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Toledo, Oregon home value: $253,715
Median annual Toledo, Oregon tax bill: $2,055, $345 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Toledo, 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 Toledo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toledo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Toledo, Lincoln County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$2,030
$1,884
Property Tax Rates Across Toledo, Lincoln County, Oregon
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 Toledo Tax Rate
0.80%
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 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 Toledo, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97391 | 0.57% | 0.68% | 0.80% | 0.93% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Toledo, Lincoln County, Oregon
When examining property taxes in Toledo, 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's 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.
In Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Toledo. For example, the median home price in Toledo is $253,715, with tax bills ranging significantly across the county. Zip code 97391 has the highest median home price at $253,715.
Property Tax Assessment Values Across Toledo, Lincoln County, Oregon
Source: Ownwell
$165,575
$338,625
$511,675
Median Toledo Market Value
$253,715
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 Toledo, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97391 | $70,358 | $164,805 | $253,715 | $369,930 | $508,745 |
Source: Ownwell
Property Tax Bills Across Toledo, Lincoln County, Oregon
In Toledo, Oregon, property tax bills are calculated by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the market value, determined by the county assessor's office. Homeowners in Toledo face a median property tax bill of $2,055, which is below the national median of $2,400. Factors influencing the tax bill include the property's assessed value and local tax rates. For homeowners, these taxes fund essential community services such as schools, public safety, and infrastructure, impacting the overall quality of life.
Ownwell assists homeowners in Toledo by identifying opportunities to reduce their property tax bills. Through comprehensive analysis and appeal services, Ownwell ensures that properties are not over-assessed, potentially lowering tax obligations. By leveraging expertise in property tax regulations, Ownwell can help homeowners achieve significant savings, making property ownership more affordable. With a focus on maximizing savings, Ownwell provides an invaluable service to those looking to minimize their financial burden in Lincoln County.
Median Toledo Tax Bill
$2,055
Median Lincoln County Tax Bill
$2,817
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Toledo, Lincoln County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97391 | $553 | $1,275 | $2,055 | $2,891 | $3,920 |
Source: Ownwell