Sublimity, Marion County, Oregon Property Taxes

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

Median Sublimity, OR effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Sublimity, OR home value: $504,470
Median annual Sublimity, OR tax bill: $3,327, $927 higher than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

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

Last Updated March 1, 2025

Sublimity, Marion County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$3,279

$3,043

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

Property Tax Rates Across Sublimity, Marion County, Oregon

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation is primarily due to each county's annual budget estimation process. Counties determine their required budget to provide essential services and then divide this amount by the total value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. While the process involves votes and legal considerations, this is essentially how it works each year. Sublimity in Marion County, Oregon, has an effective property tax rate that can be compared to other cities in Oregon, as well as the median property tax rates in Oregon and the U.S. With a median property tax rate of 0.65%, Sublimity's rate is lower than the national median property tax rate of 1.02%. This comparison highlights the differences in property tax burdens across various regions, offering insights into how local government budgeting decisions impact property taxes.

Property Tax Rates Across Sublimity, Marion County, Oregon

Source: Ownwell

0.44%

0.72%

1.00%

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 Sublimity Tax Rate

0.65%

Median Effective Marion County Tax Rate

0.84%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sublimity, Marion County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97385	0.46%	0.60%	0.65%	0.71%	0.76%

Source: Ownwell

Property Tax Assessment Values Across Sublimity, Marion County, Oregon

When examining property taxes in Sublimity, 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 Marion 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 Marion 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 Sublimity. For example, the median home price in Sublimity is $504,470, with tax bills ranging significantly across the county. Zip code 97385 has the highest median home price at $504,470.

Property Tax Assessment Values Across Sublimity, Marion County, Oregon

Source: Ownwell

$168,200

$336,335

$504,470

Median Sublimity Market Value

$504,470

Median Marion County Market Value

$390,390

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sublimity, Marion County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97385	$142,102	$359,532	$504,470	$620,998	$704,765

Source: Ownwell

Property Tax Bills Across Sublimity, Marion County, Oregon

In Sublimity, Marion County, Oregon, property tax bills are calculated based on the assessed value of a home rather than its market value. This assessed value is determined annually and can influence the amount homeowners are required to pay. The tax rate applied to this assessed value is crucial, as it directly impacts the total tax bill. For homes in the 97385 zip code, the median property tax bill is $3,327, which is above the national median tax bill of $2,400. Factors such as location and property characteristics also play a role in determining the final tax amount. High property taxes can be a financial burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. With a deep understanding of local tax regulations, Ownwell can identify opportunities for savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Sublimity, Marion County, Oregon

Source: Ownwell

$933

$2,697

$4,461

Median Sublimity Tax Bill

$3,327

Median Marion County Tax Bill

$3,229

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Sublimity, Marion County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97385	$1,325	$2,380	$3,327	$3,937	$4,537

Source: Ownwell