Lincoln County Property Tax Overview

Lincoln County, Oregon, located along the scenic Pacific Coast, encompasses numerous cities and communities, each contributing to the county's property tax system. The median property tax in Lincoln County is $1,912 per year for a home worth the median value of $246,300, with the county collecting an average of 0.78% of a property's assessed fair market value as property tax.

Lincoln County's median property tax rate stands at 0.84%, which is below the national median of 1.02%. This makes Lincoln County relatively affordable compared to many other regions across the United States, though property values along the coast can significantly impact total tax bills.

Cities and Communities in Lincoln County

Lincoln County includes the following incorporated cities and communities: Newport, Lincoln City, Toledo, Waldport, Otis, Depoe Bay, Siletz, South Beach, Neotsu, Seal Rock, Gleneden Beach, Eddyville, Logsden, Otter Rock, Tidewater, and Yachats. Each area contributes to the county's diverse property tax landscape.

Newport

Newport has the highest median tax rate at 1.01%, nearly aligning with the national median. As the county seat, Newport serves as the administrative center and houses the county assessor's office.

Lincoln City

Lincoln City has a median effective property tax rate of 0.89% with a median home value of $403,280, resulting in a median annual tax bill of $3,498. The city is a major tourist destination on the Oregon Coast.

Coastal Communities

Depoe Bay, Yachats, Waldport, and other coastal communities benefit from tourism revenue while maintaining property tax rates consistent with county averages. Gleneden Beach has the highest median home price at $511,675.

Inland Areas

Toledo, Siletz, and other inland communities typically have lower property values but similar tax rates. Blodgett boasts the lowest rate at 0.58%, demonstrating the variation within the county.

Property Tax Calculation Process

Property taxes in Lincoln County 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.

Assessment Timeline

Assessment notices in Lincoln County are typically mailed in the spring, usually by the middle of March or April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill.

Tax Rate Determination

Each year, Lincoln County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate.

Property Tax Exemptions and Deferrals

Lincoln County offers several property tax exemptions and deferrals for qualifying residents:

Assessment and Appeals Process

Oregon requires all real estate be re-evaluated at least once within a few years. Commonly, appraisers lump together all like properties located in the same community and collectively apply one-fits-all estimation strategies.

Property Tax Appeals

You may not know that your real property levy is an overassessment in relation to your property's fair market value. There is a way to contest the accuracy of your tax bill and have it corrected if it's in error.

Contact Information

Oregon Statewide Context

Oregon counties collect an average of 0.87% of a property's assessed fair market value as property tax per year. Oregon is ranked number fifteen out of the fifty states, in order of the average amount of property taxes collected.

Oregon has property tax rates that are nearly in line with national averages. The effective property tax rate in Oregon is 0.86%, while the U.S. average currently stands at 0.90%. Lincoln County's rates are competitive within this statewide framework.

Key Takeaways

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