Sheridan, Yamhill County, Oregon Property Taxes
Median Sheridan, OR effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Sheridan, OR home value: $301,162
Median annual Sheridan, OR tax bill: $1,763, $637 lower than the national median property tax bill of $2,400.
How are property taxes in Yamhill County calculated?
Property taxes in Sheridan, 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 Sheridan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sheridan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sheridan, Yamhill County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$1,747
$1,621
Property Tax Rates Across Sheridan, Yamhill County, Oregon
Local government entities set tax rates, which can vary widely within a state. The reason behind this variation is that each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Sheridan, located in Yamhill County, the effective property tax rate is a reflection of these calculations. Interestingly, the median property tax rate in Oregon is 0.58%, which is considerably lower than the national median property tax rate of 1.02%. This makes Oregon an attractive option for property owners seeking lower tax burdens. When comparing Sheridan’s effective property tax rate to other cities within Oregon, it aligns with the state’s median, offering a competitive edge for residents. This favorable tax environment can be a significant factor for potential homeowners or investors considering property in this region.
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 Sheridan Tax Rate
0.58%
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 Yamhill County Tax Rate
0.74%
Median Effective Oregon Tax Rate
0.86%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sheridan, Yamhill County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97378 | 0.38% | 0.49% | 0.58% | 0.66% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan, Yamhill County, Oregon
When examining property taxes in Sheridan, 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 Yamhill 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 Yamhill 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 Sheridan. For example, the median home price in Sheridan is $301,162, with tax bills ranging significantly across the county. Zip code 97378 has the highest median home price at $301,162.
Property Tax Assessment Values Across Sheridan, Yamhill County, Oregon
Source: Ownwell
$211,137
$705,506
$1,199,875
Median Sheridan Market Value
$301,162
Median Yamhill County Market Value
$432,001
Median Oregon Market Value
$438,140
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sheridan, Yamhill County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97378 | $135,759 | $232,026 | $301,162 | $384,248 | $471,249 |
Source: Ownwell
Property Tax Bills Across Sheridan, Yamhill County, Oregon
Median Sheridan Tax Bill
$1,763
Median Yamhill County Tax Bill
$3,196
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
Property Tax Bills Across Sheridan, Yamhill County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97378 | $523 | $1,198 | $1,763 | $2,314 | $2,746 |
Source: Ownwell