WEATHER IN LINCOLN COUNTY

 

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Here we go…

Lincoln County Courthouse

From:  Lincoln County Assessor, Joe Davidson
Lincoln County Treasurer/Tax Collector, Jayne Welch October 17th, 2019

Property Tax Statements, Values and Levies

Joe Davidson – Regarding Tax Rates and Values 541-265-4102, jdavidson@co.lincoln.or.us, 225 W. Olive Street, Room 207, Newport, OR 97365 or Jayne Welch – Regarding Tax Collection 541-265-4139, jwelch@co.lincoln.or.us, 225 W. Olive Street, Room 205 Newport, OR 97365

Please find enclosed information regarding 2019-20 assessments and taxes. If you have questions, please call or email.

Tax Statements

2019/20 property tax statements for Lincoln County are expected to be mailed out on October 21st, with initial payment due by November 15th. Full payments made by November 15th will receive a 3% discount and two-thirds payments will receive a 2% discount. At least one-third payment must be received by November 15th to avoid delinquent interest charges. For those making one-third payments, the second payment will be due by February 15th, 2020, and the third payment will be due by May 15th, 2020.

Tax payments can be made electronically through the county website, mailed with a postmark on or before November 15th, dropped off at a payment box located in the county courthouse parking lot, or in person at the tax office located in room 205 on the second floor of the county courthouse. As a reminder, payments will no longer be processed at local banks. Please visit the following webpage for more information:

http://www.co.lincoln.or.us/treasurer/page/payment-options-property-taxes

Values

Overall, real market value in Lincoln County is up approximately 9% from 2018, while countywide assessed (taxable) value has increased about 4%. These percentages include the value of new construction and development.

Most property owners will see a typical 3% increase in their assessed value due to Measure 50 – a constitutional amendment approved by Oregon voters in 1997. When Measure 50 was first implemented, a “maximum assessed value” was assigned to each property which equaled the 1995 value minus 10%. For the years following, each property is assessed on the lesser of its maximum assessed value from the previous year plus 3%, or its real market value. So long as the real market value remains higher than the maximum assessed value, the assessed value can increase up to 3%. This is the most common scenario. However, there are situations where a property’s assessed value may increase more or less than 3%. Following are two primary reasons:

1.) New construction, development or other changes to property considered an “exception” event may add to or lower the property’s assessed value.

2.) If, following a market downturn, a property’s real market value falls below its maximum assessed value, the property is assessed at its real market value. The assessed value may fluctuate up or down annually with the market, with no limitation, until it returns to or above the maximum assessed value. At that point, the assessed value will once again be restricted to 3% annual growth under Measure 50.

For 2019, approximately 16% of properties in Lincoln County are assessed at their real market value, down from 19% last year. With increasing market values, these properties may see assessed value growth of more than 3%.

Levies

Total property taxes, fees and special assessments are up approximately 3.4% over last year. Most property taxes are a product of assessed values and underlying district tax rates. Along with changes in assessed values, new voter-approved levies may impact total taxes in certain areas of the county. This year, two local options levies were approved.

  • –  Bear Valley Special Road District was approved by voters to impose a ten-year capital improvement tax to pave and improve roads within the district’s service area. The new temporary levy of $4.54 per $1,000 assessed value will offset maintenance funds needed from the district’s permanent levy. This will result in a net increased levy of $3.29 per $1,000 assessed value for properties within the district’s service area.
  • –  Yachats Rural Fire Protection District was approved to renew a five-year local option levy of $0.59 per $1,000 assessed value for properties within the district’s service area. There is no tax rate change as a result of this renewal.Within Lincoln County there are 75 local taxing districts, including education districts, health districts, city, county, port, local fire, water, road, special assessment districts and urban renewal. All of these have distinct tax rates, and most have different geographic boundaries, so overall tax rates for individual properties vary by location.Taxes Imposed

BREAKDOWN OF COUNTYWIDE PROPERTY TAXES IMPOSED

Operating Levies & Bonds Urban Renewal
Special Assessments
Add Tax & Penalties

2018-19

2019-20

Difference

$113,959,259.13 $4,305,672.46 $752,049.12 $86,659.23

$117,656,901.87 $4,619,385.62 $771,326.51 $105,753.52

$3,697,642.74 $313,713.16 $19,277.39 $19,094.29

Total

$119,103,639.94

$123,153,367.52

$4,049,727.58

Tax statements will display total amounts imposed by individual districts, along with current and prior year property values. Values for both years are categorized by land, structure, total real market value and total assessed value. Taxpayers disputing their property values are encouraged to contact the Assessor’s office. Appraisal staff will be available to answer questions and review properties for value adjustments up to December 31st, 2019. Taxpayers also have the option to file petitions with the Board of Property Tax Appeals until December 31st, 2019. Appeal rights are described in detail on the back of the tax statement.

Lincoln County has general contact numbers for tax and value-related questions. These are also displayed on the tax statement:

Tax Questions: (541) 265-4139 Value Questions: (541) 265-4102

 

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